Show d RAISING FUNDS FOR WAR 1 l Lome I ome Tax Exemptions Exemptions' May be 1 Further Reduced 7 A A war revenue mens- mens r ned to raise not le less than fut ut by direct taxes s J u ing the coming corning year has been rc- rc It led d to the Uie house ways and means r mil tee by a sub-committee sub which drafting the the bill bill In se secret ret Ions 1 Deduction li of ot the income tax income tax s from an and 1000 to 1000 2000 for single and married pers per- per x I. B s respectively and an Increase of r excess excess profits tax fax from 8 per cent 1 all amounts over 8 per cent and to l 10 per cent are two of the ij I rc ommittee's proposals |