The Revenue Act of 1945 repealed an excess profits tax, and reduced income and corporate tax rates.

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At its peak, the excess profits tax ran to 90% for the Robber Barons who didn't complain too vociferously.

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Put a 90% excess profits tax on all short-sales for 12 months.

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Mr Brickman of Cardozo School of Law is lobbying Congress to impose an excess-profits tax on the lawyers' fees.

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Permanent tax cuts are unlikely to boost investment, which is influenced more by profits, excess capacity and confidence.

ECONOMIST: Fiscal policy