Work Done

Last week the House:

» Received a new $2,142,900,000 tax bill (about one-fifth of the Treasury's $10.5 billion request) from its nervous Ways & Means Committee. More than half of the new revenue would come from upped postal rates (three cents on in-town letters, eight cents on air mail) and whopping excises (including a $9-per-gal. tax on liquor).

» Quietly buried in the drowsy Agriculture Committee a bill to remove the discriminatory taxes on oleomargarine, which keep it from undercutting butter.

The Senate:

» Resolved, with the House, that Dec. 7 should be celebrated throughout...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

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