undistributed profits tax got eliminated without the presidents signature.  http://www.time.com/time/magazine/article/0,9171,761408-1,00.html

Rationale of the undistributed profits tax
http://www.tax.org/THP/Civilization/Documents/UPT/HST8668/hst8668-1.html

they have been arguing about taxes, spending and the size of gov't for ages.
Heres some articles I found

http://www.taxhistory.org/thp/readings.nsf/ArtWeb/A5D6660DCA2B62D98525730800064E65?OpenDocument

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http://www.fff.org/comment/com0903n.asp
The same thing is happening today. Read about the revenue act of 1935 and about employers and investors were under attack. also putting their money at risk.

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http://www.taxhistory.org/thp/readings.nsf/ArtWeb/5AE0FA15597C33648525741E00054C32?OpenDocument

http://qconline.com/archives/qco/print_display.php?id=479621