Word: cig
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Dates: during 1934-1934
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...argument for the reduction is that the people would buy more 10-cent cig- arettes and hence the internal revenues would increase. Members of the House Ways and Means Committee asked in a recent hearing why, if this were true, it would not be better to make a uniform reduction in taxes on all classes of cigarettes, since this would mean a lower price to the consumer. The defenders of the new principle have not given a satisfactory answer to that question...