Subject corporations to higher corporate income tax rates if they give pay raises which are too large. This is the essence of a plan devised by Governor Henry C. Wallich of the Federal Reserve Board and Sidney Weintraub of tile University of Pennsylvania. Their proposal to use the tax system to curb inflation is called “TIP,” an acronym for tax-based incomes policy. As inflation continues to plague the economy, many economists feel that the traditional tools of monetary and fiscal policy are inadequate to handle the situation and have recommended direct measures to stop wage and price increases.