GOVERNMENT: State of the States

Pressed down by the biggest Federal tax load in history, many a U.S. citizen has been looking hopefully for tax relief from the states, such as was granted by New York and South Dakota on 1941 incomes.* Last week, although New York's Governor-elect Thomas E. Dewey hinted he might make some further tax reductions, a meeting of the Tax Institute of the Wharton School of Finance and Commerce sounded a note of warning against too much optimism.

Due to much higher revenues from income and sales taxes most state finances are in better shape than in years, with some 13 states...

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