THE PRESIDENCY: Barrel No. 1

On the train ride home from his neighborly visit to Ottawa (see CANADA), Harry Truman paused for a look at Niagara Falls. He remarked thoughtfully: "I'd hate to go over 'em in a barrel."

Last week he was back in Washington on the edge of a political Niagara. Harry Truman studied the hoops and staves of two barrels which awaited him—the labor bill (see col. 2) and the Republicans' income-tax-cut bill.

The tax bill came first. If he signed it, he would reverse five months of Administration protests against income-tax cuts in 1947.

A veto, on the other hand, would require a decision...

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!