During the congressional campaign, voters seemed to have got the wild notion that Republicans intended to cut taxes right & left, and right away. Last week the great disillusionment set in.
With a stone-cold eye, and a 374-to-35 vote, the House passed a bill—recommended by Harry Truman—to continue wartime excise taxes on furs, jewelry, liquor and luxuries for an indefinite time. Next day, Speaker Joe Martin spread more gloom when he announced that the Republicans could not think of cutting personal income taxes by any specific percentage until means were found to...
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