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Richard M. Boeckel, Editor
Current Efforts to Curtail Exemptions
Administration Proposal to Tax Public Securities
Steadily mounting demands upon public treasuries, and the threat of heavy tax increases for the future, have led American legislatures in the last few years to display a stronger resistance to pressure from private and quasi-public interests for exemptions from taxation. At the same time, legislative bodies have shown a disposition to reexamine exemptions previously granted, in order to correct inequities in the tax system and to widen the tax base. As Frederick L. Bird of ...