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Rabson Outlook (Continued from Page 1> are far behind schedule, the new Congress will not promote such in 1953 unless the need for pump priming becomes much greater. Tax Easing Slight 27. Tax relief will come mostly from expiration of present laws lather than from a new enlight- 1 ened tax program. Barring fur- i ther international problems, the present corporate excess-profits tax will be permitted to expire at ■the end cf June. 1953. 38 If the need for new taxes continues high, after expiration of the excess-profits tax. the'new Congress may consider additional excise-or manufactures' sales tax es. They may also serve to dis- ; courage consumer spending, if the war danger becomes acute 39 State and local taxes may be increased moderately here and there during the year 1953. How ever. I do not look for total ’ad vances in such to be so great in 1953 as they were in 1952. 40 There will be no increase iti j capital-gains during 1953; hut] read paragraph 46 below. Income] taxes may be reduced. j
64.3%