TAX REDUCTION
CONGRESS GETS PLAN
Rec. 12.30 p.m. WASHINGTON, Oct. I.
In the first tax-cutting legislation placed before Congress in 16 years, th« Secretary of the Treasury, Mr. Yin-, son recommended to the House Ways and Means Committee a 5,000,000,000----dollar tax reduction for individuals and business in 1946.
Adoption of the plan would free 12,000,000 persons on low incomes from taxation, eliminate the 95 per cent, wartime excess profits tax on corporations, and reduce the wartime excises on luxury items.
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Evening Post, Volume CXL, Issue 80, 2 October 1945, Page 7
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80TAX REDUCTION Evening Post, Volume CXL, Issue 80, 2 October 1945, Page 7
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