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Corporation Level Should Be Boosted by Knutson
Congressman Knutson, author of the individual tax cut, advocates raising corporate income taxes. He proposed a four percent hike targeting large corporations to raise about 1.1 billion dollars, citing steel and other industries as overearning. He warned against excess profits taxes in peacetime and noted deficits in small firms.
MENTIONED IN THIS ARTICLE
Douglas B. Cornell
Washington
Knutson
R-Minn
Congressional Committee
Minnesota
Congress
House
Ways and Means Committee
Representative Doughton
D-Nc
Truman
Dingell
Dmich