This-week Congress got the makings of three first-class financial headaches:
> The Senate Finance Committee reported out its tax bill (TIME, Sept. 21), aimed to raise about 26 billion, nearly a fourth of the expected national income.
> Immediately Secretary of the Treasury Morgenthau announced that he plans to ask Congress for another tax bill—to raise $6 billion more.
> The Budget Bureau's newest estimates put war spendings for fiscal 1943 at $78 billion. No matter how fast taxes race, war spending goes faster.
...
To continue reading:
or
Log-In
