The new excess profits war tax will include an 8% tax on incomes over $6,000. This tax will not apply to members of Congress, who earn $7,500 a year. Both the tax and the exemption were snuck into the bill in secret during the reconciliation process, and most congresscritters, anxious as they were to begin their vacation, probably didn’t know they were there.
Headline of the Day -100:
Or to put it another way, workhouse authorities induced black woman prisoners to attack the suffragists, who are being charged with... wait for it... “mutiny.”
The feds seize the German-language newspaper Freie Zeitung, raiding its New Jersey plant and arresting owners and editors. The 60-year-old paper is being accused of publishing false reports intended to interfere with US military success, whatever that means. The paper will be back in business tomorrow. The NYT notes, without quite saying that this is the reason for the raid, that on August 15 an article in the Zeitung noted that soldiers about to be sent to France shouted “Are we down-hearted? No!” and commented “If the boys are not downhearted in six months they may consider themselves lucky.”
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