National Affairs: Paying One-Third the Bill

In an almost unearthly quiet, the 81st Congress, which was going to reduce taxes $1 billion, was in the process last week of boosting them almost $5 billion.

Senator Walter George's Finance Committee had the bill ready. Closely following Treasury Department recommendations, the bill reached into three areas:

Consumer Goods. The bill not only wiped out reductions in excise taxes on furs, jewelry, leather goods, cosmetics, refrigerators, etc., which the House had approved June 29 in a slaphappy, early-Korea mood, but added new excise taxes on television sets and home-freeze units and closed...

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