With all the haste of a man handling a hot potato, the House of Representatives passed a new tax bill last week, tossed it to the Senate to cool off. In the face of the war in Korea, the House approved a $1 billion cut in excise taxes on such items as train fares, movie admissions, luggage, jewelry and furs. And though President Truman had promised to veto any bill that did not balance these cuts with increases somewhere else, the House failed by a slim $12 million to make up the difference....
To continue reading:
or
Log-In
