National Affairs: Taxes for Defense

Congressman Robert L. ("Muley") Doughton of North Carolina last week had lived to see a historic phenomenon in Washington. Up before Congress, in election year, was a hefty Federal tax bill. The proposed taxes—an estimated $656,000,000 worth—were for National Defense. The press applauded, cried in effect: "Tax us more!" Congressmen bickered only over details, did not question the need for new taxes. Said Muley Doughton, explaining this miracle: "Everybody is so patriotic."

What made the taxes historic on a second count was that they represented the first real effort by the Roosevelt Administration to arrange the payment of a debt before the...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

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