GERMANY: Nation on the Move

West Germany last week began dispersing some of the rewards of its astonishing economic comeback. With a bulging treasury and credits piling up in every continent, pfennig-pinching Finance Minister Fritz Shäffer announced sweeping tax reductions that will enable Germans themselves to buy more of the Volkswagen, cameras and other good things that their factories are exporting to every nook & cranny of the Western world. A staunch free-enterpriser, Shäffer believes that a capitalist economy should be kind to capitalists. His tax cuts especially gave relief to 1) heavy industry (corporation taxes were reduced from 60% to 45%*) and 2) West...

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