Business: Tax Muddle

To no small extent, the current confusion in business and the difficulty of predicting how affairs will shape themselves later this year, are attributable to the uncertainty regarding tax measures to be enacted by the present Congress.

A few weeks ago the Mellon plan seemed almost certain of speedy passage. Now it has been badly mangled in the House (see Page 3), with the Senate yet to be heard from, and a possible Presidential veto to finish off with. Many a citizen will pay his income tax in quarterly installments this year, figuring...

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