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...millions is the amount which taxes may be cut. This amount of surplus revenue may be lopped off, but it should be done in such a way as to effect tax reform as well as tax reduction. The Treasury feels that tax reform should take the form of normal taxes of 5%, and maximum surtaxes of 20%, estimating the loss of revenue in this way as 140 millions for the first year and 100 millions for the second year...
...Treasury does not propose any definite rates, but it presents to you the certainty that tax reform can go to a 25% maximum normal and surtax without the slightest danger to our future revenues. In fact, such a reform will insure the source from which we expect to get our revenue in the future...
What Taxes. The chief provisions of the Administration plan call for reduction of surtaxes to a minimum of 20%, abolition sooner or later of the Federal inheritance tax, reductions in the normal taxes to benefit small tax payers...
...permits herself to handle only a few significant ones and those thoughtfully, accurately. A facile psychologist, she ferrets out the secrets of human action in near-at-home areas of the spiritual plane rather than in those physiological resorts whose vogue seems to increase with their distance from normal life. The Professor's House has been declared "unsubstantial" beside One of Ours and A Lost Lady. Perhaps, but as a metaphor for that imperceptible reversal of adolescence that comes over all men, which they call middle-age and which is tragic or not, according as their lives have been...
...which the Guide was published. The CRIMSON did not have in mind the voluminous compendium of advice which the Bulletin recommends for the future. To quote from the introduction to the Guide in the CRIMSON of September 28: "Each opinion printed is the honest reaction of an individual of normal intelligence to a particular subject and its manner of presentation. It pretends to nothing else." The general favorable reaction to the Guide among the undergraduates in the College is, after all, the CRIMSON's best justification for its "innovation in undergraduate journalism...