How to Make Jobs

Something big and new is happening to American thinking about taxes. This week the Committee for Economic Development launched an assault on the U.S. tax structure. In a 47-page brochure (expertly written by the Book-of-the-Month Club's Harry Scherman), the C.E.D. attempted to put a new face on the U.S. tax system, with full postwar employment as the criterion.

Only seven weeks ago C.E.D.'s tax proposals might have hit like a bolt from the blue. For the plan asserts that the Federal Government must rely mainly on individual—not corporate—income taxes for the minimum...

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