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Before breath-bated galleries the House of Representatives last week completed its great tax-juggling act. For three exciting weeks its tossings and catchings??? and droppings?had kept the legislative air alive with fur coats and chewing gum, diamond rings and matches, motor trucks and penny candy, yachts and 3¢ stamps, radios and bottled "pop." Hundred-million-dollar levies were twirled around like so many rubber balls. As in a knife-throwing exhibition, it pitched sharp imposts at individuals and industries. It juggled normal rates, surtax rates, corporation rates, gift rates, inheritance rates, stock rates, dividend rates into a high...

Author: /time Magazine | Title: TAXATION: House Jugglers | 4/11/1932 | See Source »

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