THE CONGRESS: Battle for a Tax

During the preliminaries of the struggle over extending the excess-profits tax. House Speaker Joe Martin outlined the problem in one sentence. Emerging from a half-hour meeting in which he tried to get support for EPT extension from New York's old (77) Dan Reed, chairman of the Ways & Means Committee, Martin reported, in characteristic good humor: "We were only one word apart—he said 'no' and I said 'yes.' " Last week the one-word distinction caught House Republicans in a party-rending conflict between Dan Reed's belief in precedent and principle and Joe Martin's convictions on loyalty to the Administration.

A Memory...

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