Memorandum to Chairman Eccles, Box 26, Folder 10, Item 9

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Subject: Tax Reduction in 1948. Includes attachments: Tax Program for 1948; Exhibit 1: Income Outlook for the Fiscal Year Ending June 30, 1949; Exhibit 2: Budget Outlook for Fiscal 1949. Handwritten note in upper left corner of first page.

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Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102