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Federal Taxes. We 'believe in fair and equitable taxation. We oppose a Federal general sales tax. We adhere to the principle of ability to pay. We have enacted an emergency excess profits tax to prevent ■profiteering from the defense program and have vigorously attacked special tax privileges.
Tix Redactions. In the future, as in the past, we will hold firm to policies consistent with sound financing and continuing economic progress. As rapidly as defense requirements permit, we favor reducing taxes, especially for people with lotwer incomes. But we will not imperil our Nation’s security by making reckless promises to "reduce taxes. We deplore irrespon
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