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Show u THE PRESENT CONGRESS It is fortunate that the present Congress has been fairly free from half-baked and dangerous legislative proposals. It is true that various bills have been urged which would, if passed, have done much to retard business recovery. But none of these have gone far. And Congress, working in conjunction with the President, has been responsible for several pieces of constructive con-structive legislation which are already benefiting the country at large. Government can aid greatly both in restoring and maintaining maintain-ing prosperity. , Or it can become, figuratively, a wall in the path of industrial progress. At present it may be that the greatest fear business has is of further tax increases already the tax bill amounts to an alarming percentge of corporate revenues. We should steer clear of so-called "relief schemes," no matter how sincerely proposed, that would pile up millions more in debts for us to pay. The orgy of spending we went through following the war was a main factor in bringing on depression and heavy additional ad-ditional taxation would unnecessarily prolong it. : o |
