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Richard M. Boeckel, Editor.
Limited Scope of Roosevelt's Tax Message
The Letter of Secretary Morgenthau which President Roosevelt incorporated in his tax-evasion message of June 1 noted the Treasury's surprise and disturbance over failure of income-tax receipts to measure up to budget estimates and, attributing that failure to widespread resort to evasive devices for reduction of tax liability, advanced the opinion that “if tax evasion and tax avoidance can be promptly stopped through legislation and regulations resulting from a special investigation, a very large portion of the deficiency in revenues ...