The Cairo daily bulletin. (Cairo, Ill.) 1870-1872, 1870-07-05
DOWN WITH THE TAXES. u
4 Last Appeal 10 o faitkless Congress.

There would be an obvious necessity
for careful reconsideration Of the tax
and tariff bill, Us result of the Senate
determination not to renew the income
tax, II the revenue 10 be thence derived
represented the difference between SUR
plus and deficiency in the national cx-
che9ner. II the receipts from incomes
were essential 10 the maintenance Of the
public credit, resolution 10 dispense with
those receipts would necessarily be fol-
lowed by the adoption Of some substitute.
The. Senate and It's finance committee
then be excused for their apparent un-
willingness TO increase the total Of reduc.
ton sanctioned by the house. We would
then listen with patience 10 discussion on
the relative advantages 60 be derived from
the retention Of special taxes or of the Gus
toms duties, which the house, nj Mr..
Sehencks instance, suddenly reduced,
Blu, any discussion on the subject j,
needless. The aggregate amount Of tax
reduction effected by the bill as il
millions-inci iu0Bsd not exceed seventy
upon the lowering Of the income Ia, rate
from five 10 three per cent, and the dOub-
ling Of the exemption. The yield Of the
income tax ~ thus modified would prob
ably no. exceed fifteen millions. Inas.
much. however, ~ the gross surplus on the
present basis Of taxation would not bS les.
than hundred millions, il i. plain tina,
the amount covered By the tax bin. with
the tariff clauses retained, and with all the
additional reductions which the senate La.
sanctioned, or is likely 30 sanction would
be considerably ice. than the sum avail
able for relief. Let the income tax DROP
according 10 the decision Of the senate:
let the further changes in internal taxation
which Nj. Sherman has contemplated be
carried into effect the total reduction Of
taxes will, after all, hot exceed ninety
millions. The treasury may even then
calculate upon 1t. ability TO satisfy the re-.
quiremeni. Of the sinking fund law, and
SIN have a few spare millions ~ the end
Of the fiscal year.
The hc,its,ing, ,imid manner IN which
congress handles the subjects Of taxation
would be Ineligible and proper in the
presence oi either OF two contingencies.
II 1t were no, possible TO reduce largely
the revenue, Of the government, without
impairing IL, credit and efficiency. mai
fact would be conclusive agans, reduction.
Or II the prevalence of Industrial and
commercial prosperity, the cJn,entmcnt
ana ease OF the people, and the existence
Of sentiment favorable 20 tho premature
payment Of the bonded debt seemed 10
make the reduction Of taxes an unpopular
Pohcy the republican majority might find in
these circumstances M apology for insction.
Boih 81 these hypoihese. ARE, however.
at variance with reality. The credit aud |
enciene! Of the government will be un!in.
paired, though the reduction of taxes
reach ninety ora hundred millions. And |
pubic opinion 80 unmistakably points 10 a
policy OF relief that tic enactment or a |
tax and tar N bill reducing the taxes no,
TESS than ninety millions, would do more
for the Republican party in the fall ca IN.
paign than hught else than can be attempt
cd This acquisition Of popular |
,sae"s"' rs a, consequence of |
li,ion or reduction of Taxes will afford. |
VIII not produce any capricious or un. !
aversion 10 fiscal burdens II |
wiii be the expression Of gratitude for |
dueeor sadly wanted by every branch Of |
trade and industry-the legitimate pro-
ducs OF II policy anxiously hoped for by |
the country as means of beneilting IL
oppressed and struggling interests.
The congressional republican committee, |
i is rumored, is closely studying the poll
1855 "''u w anticipation bl an hTuuOus /
canvass this fall. The democratic sena-
tors and representatives have promulgated |
Their views upon the subject, and by and |
by, no doubt, the republican senators and
will give Us theirs. To tho
latter gentlemen we submit that they can
play no card SO sure to win as that which |
congress by bold and sweeping action in
regard to taxes, may place in their hands.
There are:many topics which suggest to
hem nicely rounded periods. They have
At their command patriotic appeals which
will never go unanswered. but theIthing
which will tell most effectively for the con-
yrossional majority, and which will best
prove the republican appreciation of the
wants and wishes of the people, will be the
Of taxation, during the present
session, 10 an amount not less than ninety
millions. Give relief now, to that extent,
and the republican strength in the can
vass will DO augmented immensely.
II is relief too, from which even the
government will be gamer. Lift ninety
millions of the shoulders of the people,
and their industrial and commercial eff.
forts will acquire an elasticity which will
increase all productive forces and bring
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