Salt Lake Telegram | 1936-06-08 | Page 15 | Curb on War Profits Voted in Committee

Curb on War Profits Voted in Committee Committee- I WASHINGTON June 8 UP UP- UP The senate finance committee to today today to to- day voted to report favorably a measure designed to take the profits profit out of war It I provides for heavy hevy income taxes tes ranging up up to 80 per cent oh on on surtax net incomes in excess of during dur dur- IJ ing any time timo the United States is at war var Taxes on undistributed corporation net incomes ranged up to 77 per cent cent The Tho committee re reported reported r- r re- re ported pored the measure would promote peace and would put future wars warson war on on a pay as a you go basis