So fast that the nation scarcely had time to notice, a Congress which has done many things to business finally did something important for business last week. One day the House Ways and Means Committee received from its taxperts a series of amendments to the Excess Profits Tax. By this week the amendments had been approved by the Committee, passed by the House and the Senate, sent to the President.
Least edifying sight of Washington's muggy summer of 1940 was the skedaddling, ten-thumbed carpentry of Congress in slapping together the Excess Profits...
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