THE PRESIDENCY: Foolish & Demagogic?

For the second time in 32 days, last week the President vetoed a tax-reduction bill which had been passed by an overwhelming majority of Congressmen.

He loudly proclaimed that the bill was bad because it favored the uncommon more than the common income. Actually the bill provided that taxes should be reduced three times as much on small incomes as on big ones. Harry Truman had taken this dubious line in his first veto. This time he came down hard on another reason: while the world was in such a critical state, "it is unwise to make so large...

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