Washington D.C. – In a shocking display of disdain, the Senate Finance Committee yesterday roundly rejected Treasury Secretary Henry Morgenthau’s $6.5 billion tax plan, sending shockwaves through the nation’s capital. The contentious proposal, which aimed to impose a 10% levy on spending with a return to taxpayers after the war, was met with cries of ‘staggering’ and ‘much too complicated’ from committee members.
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Key Facts
- State: National
- Category: Fraud & Financial Crimes
- Era: Historical
- Source: Library of Congress — Chronicling America ↗
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