Instead of passing it, the House might just as well have torn up the tax bill and tossed the pieces away. When the bill reached the Senate last week, the Senate Finance Committee started tearing it up anyhow, writing it over from beginning to end.
Up before the committee came Secretary of the Treasury Henry Morgenthau, who stepped out of his constitutional mildness to speak a plain forthright mouthful about defense taxes. He asked for a new bill that would bring in from $800,000,000 to $1,000,000,000 more than the $3,206,200,000 the House bill would raise. Purpose: to build up...
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