THE CONGRESS: Congress' Week, Mar. 29, 1948

Republican leaders in Congress decided last week that the grave state of world affairs did not preclude income tax reductions. Hoping to make new witholding rates effective on May 1—even if a presidential veto had to be overridden to do it —the Senate plunged into debate on its bill to slash taxes by $4.8 billion. A handful of Democrats tried to stall the Republican timetable. Wyoming's Joe O'Mahoney proposed an amendment to restore taxes on excess profits. Arkansas' J. William Fulbright and South Carolina's Burnet Maybank, both irked because the House Agriculture...

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