National Affairs: Spend v. Save

Listening to testimony for and against the proposed $20-per-capita cut in federal income taxes, the U.S. Senate's Finance Committee last week heard a clear contrast between the economic philosophy of the Eisenhower Administration and that of the Fair Deal Democrats. Speaking for the Administration was Secretary of the Treasury George Humphrey, lawyer and industrialist. For the Fair Deal Democrats the spokesman was Leon Keyserling, lawyer, economist and onetime bureaucrat, who was chairman of President Harry Truman's Council of Economic Advisers in 1950-52.

"Strictly a Phony." Humphrey had his say first. He was firmly...

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