OCR Text |
Show Reduction Asked In Profits Tax Reduction of excess profits taxes tax-es from 95 per cent to 65 per cent within six months after V-E day has been suggested to congress by Walter Hoving, president of Lord & Taylor, Ne York, to provide an opportunity for business expansion expan-sion and a guarantee of high employment. em-ployment. Unless business has a chance to expand, Mr. Hoving declared, It will be impossible to attain the national job goal. To wait until Japan is crushed, he said, will be too late, but if the excess profits tax is modified in the near future businessmen will be able to plan a suitable program for employment. |