THE CONGRESS: How to Save Two Billions

At its own request, Congress was told last week how to save two billion dollars, but Congress did not like the recipe. Just before Congress passed the mammoth 1941 Revenue Act, adding $3,553,000,000 to the nation's taxes, Virginia's apple-cheeked, apple-growing Senator Harry Flood Byrd tacked on an amendment. The amendment directed Budget Director Harold D. Smith before Oct. 15 to show a joint committee of both houses how the Administration could save (in non-defense expenditures): i) a billion dollars; 2) a billion and a half; 3) two billion dollars.

Last week Director...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

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