Business: I. C. C. v. Congress

In its 50th annual report to Congress last week, the Interstate Commerce Commission suggested a new law for comprehensive regulation of air transport, asked an extra $1,300,000 for its motor carrier bureau, sought power to regulate minimum water carrier rates within its jurisdiction. At the same time, the I. C. C. took it upon itself to criticize Congress sharply for the most controversial section of the Revenue Act of 1936.

The current corporate tax law is designed to make corporations pass out earnings to stockholders, under penalty of a steeply graded undistributed profits...