TAXATION: Thrift, Hope & Charity

Last week as the Treasury was spending approximately $17,000,000 per day more than it was earning, the House of Representatives settled down to consider a tax bill which would produce just about enough revenue for the Government to break even for 16 consecutive days.

Not President Roosevelt, not Secretary Morgenthau, not Senate Finance Committee Chairman Pat Harrison, not Share-the-Wealther Huey Long, in fact hardly anyone except the rawboned, 6 ft.-2 in. North Carolina mountaineer who is Chairman of the House Ways & Means Committee had a good word to say in public for...

Want the full story?

Subscribe Now

Subscribe
Subscribe

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 TIME.com

Learn more about the benefits of being a TIME subscriber

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