TAXES: Down Another Billion?

Officially, the Eisenhower Administration's position on taxes was unchanged last week. George Humphrey's Treasury Department still favored the tax revisions outlined in the President's budget message (TIME, Feb. 1), was still against any further cut in tax rates this year. But un officially Treasury is now reconciled to a substantial slice in excise taxes.

House Speaker Joe Martin last fortnight hinted at what was in the works. He an nounced that he favored cutting to 10% most excise taxes now above that level, e.g., the 20% tax on theater admissions, furs, jewelry, purses, the 25% tax on long distance telephone calls,...

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