Tax Stalemate

The House Ways & Means Committee last week reached its first stalemate on the 1943 tax bill. After two weeks of public hearings and a week of grinding executive sessions, its members could not agree on any of four pay-as-you-go tax plans submitted for their consideration.

The Ruml Plan, which would "forgive" all 1942 taxes, move the tax clock ahead to the present by collecting 1943 taxes on 1943 income, was not one of the four. All were modifications; all were voted down. The committee took one forward step: went on record as...

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!