MANUFACTURING: Suicide by Consent

U.S. business asked the Government last week to tax it almost—but not quite—out of business. Through the National Association of Manufacturers it urged that "all income over and above that needed to keep our business structure alive should be taxed to the limit—leaving only enough for survival."

Actually the $7,600,000,000 tax program submitted by the Association was not as near-suicidal as N.A.M. let on. The program proposed taking an added $1,500,000,000 out of corporate profits—but this was only half the $3,000,000,000 the Treasury had already asked. To make up for this change (and others), the Association asked a $4,400,000,000...

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