Congress Gives Orders

Henry Morgenthau and his tax experts marched up Capitol Hill and marched right down again. They came up to propose a new tax program; for all political purposes they were almost kicked downhill. The tacit assumption of recent years that the Administration knows best about taxes† was for once emphatically rejected. The Senate Finance Committee let the Treasury understand that it knew what it wanted.

Secretary Morgenthau apparently sensed what was coming. He read the committee some generalities that "The Treasury has diligently sought and will continue to seek funds from those...

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!