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Show Lower Tax Rate 4 Is Visioned By SFC Leader Corporate and income tax rates will have to come down- when the war ends and the preliminary work to bring them down is already al-ready under way, according to Chairman George of the Senate Finance Committee. Both corporate and individual tax rates now are so high that they would discourage investment of capital and remove the profit incentive if carried over into the postwar period. They should be placed on a "reasonable, moderate level," the Senator argues, to encourage en-courage business and stimulate investment, thereby permitting high peacetime production and employment. Saying that he does not consider consid-er it necessary to maintain present pres-ent tax rates in order to cut down the tremendous public debt after the war, Mr. George believes lower low-er rates should provide enough of a lift for business and employment employ-ment to provide enough revenue to take care of debt problems. |