U.S. Congress Cuts Income Tax Despite Veto By President
(Rec. 11.30 a.m.) WASHINGTON, April 2. President Truman today vetoed the 4,800,000,000-dollars Income Tax Reduction Bill, telling Congress it would “undermine the soundness of our Government finances at a time when world peace depends upon the strength of the United States.” The President criticised the Republican-sponsored measure passed by both Houses as “inequitable as well as untimely.”
Congressional leaders expected the veto and prepared for a quick- vote to pass the Bill over Mr Truman’s, disapproval. This requires a two-thirds majority of both Houses and the Senate.
Three hours later Congress enacted the Bill into law over the Presidential veto, and the Senate clinched the issue by voting 77 to 10. The Bill, which became law immediately, eliminates 7,400,000 persons from the tax rolls and gives relief to all others. . ... ;t
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Greymouth Evening Star, 3 April 1948, Page 5
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140U.S. Congress Cuts Income Tax Despite Veto By President Greymouth Evening Star, 3 April 1948, Page 5
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