Renegotiation Flight

At his press conference, Treasury Secretary Henry Morgenthau cast off his usual timidity and forthrightly denounced the 1944 tax bill. The Treasury, said he, would be better off without any tax bill than with the one just put together by the Senate Finance Committee. He was angriest over sections of the bill which virtually repeal the Contracts Renegotiation Act. Said he: "They open the way to truly extortionate profits. I predict if they are enacted into law they will come back to plague not only the Congress but the war goods manufacturers. They...

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