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Tax Bill Debate Shapes Small Firms Fears and Plans
The piece surveys how a sweeping new tax bill is viewed on Capitol Hill and in small towns. It notes small business owners misjudge their exposure, while committee plans raise rates for undistributed earnings, with exceptions for railroads and banks. It discusses political stakes in New England textiles and potential excise taxes, plus a Maine navy base idea at Passamaquoddy and wartime financing tensions.
MENTIONED IN THIS ARTICLE
House
Roosevelt
Congress
New England
Rhode Island
Ways and Means Committee
New York
New Jersey
Carolinas
Canada
Treasury Department
Treasury
Ways and Means
AAA
Farley
Washington
Navy Department
United States
Europe
Boston
Maine
State of Maine
Naval
Capitol Hill
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