TAXES: To Arms

When Tax Expert Beardsley (pay-as-you-go) Ruml went to Washington two months ago to denounce an excess profits tax, Senators told him an astounding fact. Though most businessmen believed that such a tax was unfair, unsound and wasteful, few besides Ruml had taken the trouble to fight it. Reason: they saw no hope of beating a tax as politically popular as it is economically unsound (TIME, Oct. 2).

Beardsley Ruml thought differently. Back in Manhattan, he set about rounding up businessmen and raising money ($125,-ooo to date) for the battle, which begins this week when the House Ways & Means...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!