The Senate:
¶ Passed the tax bill with amendments (TIME, April 16), boosting surtaxes and estate taxes, adding an extra 10% to all income taxes payable next year; adding also Senator La Follette's proviso for making all income tax returns public records subject to inspection, and imposing a 3¢ per lb. tax on coconut oil in spite of the President's anxiety to have that tax omitted because of the heavy burden it would put on Philippine commerce with the U. S.; sent the bill to conference for a good long wrangle.
¶ Adopted 39-to-28 the Conference re port on the...
To continue reading:
or
Log-In