Washington, Ma A proposal that more than $1,000,- 000,000 to finance national defence expenditures be raised through an increased and broadened excess profit. tax was made yesterday by Mr. Johny L. Sullivan, assistant Secretary of the Treasury, to the House Ways and Means Committee. He also suggested that corporation income taxes be increased and broadened.
Mr. Sullivan declared that many corporations profiting from national defence contracts were not paying cess profit levies.
The Assistant Secretary of Treasury stated that he had no changes "to suggest at this time" regarding personal income taxes but said that the danger of increasing living costs made it inadvisable for the government to consider lowering the exemptions Yevel—United Press.
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