Virtually every leading economistalong with the business and banking communities and Government fiscal expertsbelieves that a general tax rise is mandatory if the U.S. is to escape what might be a runaway boom (see BUSINESS). The gross national product grew at a frenetic $20 billion pace during the first quarter, while consumer prices soared at the rate of at least 4% a yearfaster than at any other period since the Korean War year of 1951.
With the experts and the figures so unequivocally in agreement, why is it that neither Congress nor the Administration can harmonize? "It's like a...