INFLATION: Report from the Front

Congress and the Administration were still locked in mortal combat on the inflation front.

The House rammed the anti-subsidy bill down the Administration's throat (27840-117). Then the House railroaded the $2,140,000.000 Ways & Means Committee tax bill through without changing a comma. (The Treasury had asked for $10,500,000,000 in new taxes.) The Senate was set to pass both measures with equal speed and scorn.

Outflanked and defeated, Henry Morgenthau nevertheless took his dress sword in hand and attacked head on. Without even a microscopic chance of success, he recited before the Senate's Finance...

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