THE CONGRESS: Work Done, May 16, 1938

The Senate:

¶ By unanimous voice vote, approved the compromise tax bill drastically modifying the corporate surplus-profits tax, substituting flat rates for the graduated capital-gains tax.

¶ Passed the $1,156,000,000 bill to expand and rearm the naval forces. C. Sent to conference a bill authorizing addition of one judge to the Second, Third, Fifth, Sixth, Seventh Circuit Courts of Appeals; appointment of 15 new district judges; and addition of one associate justice to the District of Columbia Court of Appeals, three to the District of Columbia District Court.

¶ Passed a bill authorizing the...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!