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Estates and taxes loom large in reform plan debates
The Roosevelt administration backs broad estate taxes to finance federal revenue and social reform, but experts admit the mechanics are precarious. Proposals include 4 percent on estates of 300000 and rising to 75 percent above ten million, with options ranging from corporate liquidation to government takeover, all risking valuation and private business losses.
MENTIONED IN THIS ARTICLE
George R. Holmes
International News Service
Washington
Roosevelt
Congress
Treasury
Henry Ford
Ford
Pat Harrison
Senate Finance Committee