Searching for increased revenues during the Korean war, Congress raised the maximum corporate income-tax rate to 52%, also boosted excise taxes on automobiles, whisky and cigarettes. Three times since then, the increases have been scheduled to die automatically unless renewed, on each occasion have been extended another year. Last week, accepting Ike's word that all of the $3 billion brought in by the higher tax rates is already earmarked in the President's budget, members by voice-vote overwhelmingly decided to keep them still another year, sent the measure to the Senate, where there is only feeble agitation for tax cuts to small...
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