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War tax revision to raise total tak
Washington July 20 report on proposed wartime tax changes outlines a large rise from 1.67 billion to about 6 hundred million introduced by the Senate Finance Committee. Key measures target corporations and high incomes and may raise roughly 170 million toward a 300 million added burden. The plan contemplates higher taxes on intoxicating beverages and some consumption taxes, with the 6 percent rate likely applied to corporate undistributed earnings.
MENTIONED IN THIS ARTICLE
Washington, D. C
Nate Finance
Nate
Simmons
Connae of Committee
House