Abstract

Editorials
Kirchwey, Freda | July 17, 1943 issue

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The article presents an overview of the July 17, 1943 issue of "The Nation." Study of an excess income tax has been ordered by the U.S. House Ways and Means Committee as a possible device for raising the bulk of the U.S. $16,000, 000,000 which the U.S. President Franklin Roosevelt has requested for the current fiscal year. The principle behind the proposal is both simple and logical. Increases in income that are directly the result of the war or the war-created inflation make up a considerable proportion of the surplus income that is threatening to create a runaway inflation.

See Also:

FINANCE -- United States; UNITED States. Congress. House; INCOME tax; LEGISLATIVE bodies -- Committees; INFLATION (Finance); UNITED States
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