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Richard M. Boeckel, Editor
Proposed Change in Treasury Regulations
Total public revenues from alcoholic beverages in 1940 are estimated as $1,171,000,000. Most of this money went to the federal and state governments, which received about $776,000,000 and $355,000,000, respectively. In both cases, the amount was greater than receipts from liquor taxes in any previous year, before or since the eighteenth amendment. It is almost certain, however, that with largely increased revenues needed for defense an attempt will soon be made in Congress to raise the rates of federal liquor taxes ...