TAXATION: Tinkering

" As sure as God lives and the sun rises in the morning there will be a soldier bonus law passed by the next Congress. Instead of talking about reducing taxes, the real problem is how to raise the funds for the bonus!" —Senator Smoot of Utah.

As regards a bonus, Senator Smoot's declaration is an interesting prediction—and one that is not unlikely to be fulfilled, because of the large increase of "insurgent" members in the next Congress. As regards taxes, the Senator's words are more than a prediction—they are an announcement....

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