Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1909-09-02

n
erai States have full. adequate and COM
plete power OF supervision over them
No ono would question the power of the
State TO tax these corporations. In point
OF fact in large number Of the States,
including our own. the principal source
OF revenue Is from taxes levied upon cor
porations For some years we have
raised the larger part of our revenue In
this way. And I DO not suppose the
statement will be seriously questioned
that these corporations In Vermont are
row bearing their fair share Of the bur
den of taxation
COURTS WILL. DECIDE IT.
The corporation tax law which has
just been enacted wes drafted by great
constitutional lawyers but unquestion-
ably 1t will he tested in the courts be-
fore It becomes effective. 1t is certain
~ anomalous for the national govern
ment to levy a tax upon the privilege of
doing business as a corporation when
that privilege was conferred not BY IL
but by one OF the States. But concedins
the constitutional right OF the govern
ment to levy such tax. the important
question OF the wisdom and expediency
Of such n tax remains. Is IT wise for
the national government to invade this
field Of taxation which heretofore except
IN time Of vor has hecn occup,.d ox
ciusively by tho Stotesp T, II i,,at for tho
national government IN fay tho.e c,,i-
zens who do business 80 cornor,tio,
and oxen,nt tbosa corr,.,,g -, ,ia cow,
kind Of business ,ndividuaIIv ny Through
partnershinp Ia ~ fair tn .ox tho .,o,,
holders o. the oornoration tho man uho
take all the risk and exem,t tho ho,1
holders Of tba sapoe co,ro.o,,o,,, -r,,,,
tax IS called an exc;ae tov ,,,,o,, ~,
privilege Of doinr hps,noss ne n oarao,a
zion hu, 20 all i,,or,s ard ,,,,r.aaa, !,
is n tax on the incomes Of corporations.
~ uiSo'''hinates against corporations and
!" !","r OF ihoiV'duais ana partnerships.
II '"'reIore some new method OF taxa
"o'' must DC INVOKED ny the national
'N'' '''"e"' II "eef''s 10 me mat the IN
'o'"e tax shouiu ne seiec'ed- "hlIe 1t IS
eve u'a' mere are many objections 10
u'iS FORM or taxauon II must be ad-
'''i'''" '"at II pears upon all ahke' IL Is
,'' !'e'nod o. taxauon which should
W ''npi"Feu pN 'he states ana It's adop-
non "ou'u enable the national govern
'''e't W ieaNe 'hose heids or taxation
""icH are no" occupied by the states
'''e queS''oh "netner an income tax IL
VI N"e'ner II "ouio De wise
io' 'Ne government 10 levy such tax
III ''i'4'' Va p'd0e' peieVe 'hat the pro-
p'N'" Guns '''"uo"ai amendment shouid
"'o''o" anu sincerely nope 'ha'
vermont WI" improve the hrst oppor-
.'"'E 20 90 So ertalniy no one VIII
u'"F .h't t"' hatloha! government IN
7"'i' IAN ne 0u'stio" Vi ehs
M''"oi,' anu "e'eSs'tg OF such TAX N
''''e vi peace may DE saieiy iel' WIN the
p'op'o'
RESORT TO STAMP ACT.
But insist that the methods of ma
tional taxation which have been in vogue
for more than 100 vears may sin he "a
lied upon for ADEQUATE revenue eor al,
the Legitimate purposes Of government
Gag ,ha, tb-oo ,..ar, u,a ia 49,
plus Of .e5o.ooo.otO in the treasury and
that surplus was increasing daily There
is no reason why scientiacallv framed
tariff law should not prove as satisfac.
tory as did the Dingley law. It will oc-
casionallv happen that Some snec,al
method Of raising revenue mus, he re-
sorted to- Such n condition confronted
US during the last session NJ coneross
But instead of resorting 10 thc inherit
ance tax or the cornorat,or tax or ~.
income tax I was earnestly in favor of
'e-e''ac'irs as temporary measure the
stamp ac' "nicH proved SO satisfactory
"u' ms '"c spanish var lis re-enact-
'''e"' "'4'' nav Involved no ne" iesai
p''"'"' an" II "ou'u nave 'esuiten
- '''p'ts III H'''''e''t revenue 10 Hupply
VIC "c'''Ie"cH ""''' 'He ne" 'arln had
" q" oPPo''u"''y 10 demonstrate its
ao.'''S u P'o'uce revenue eohhoentiy
o."eNe mat 'he fayne tar'n VIII pro-
~ '"e required 'eVenue ana that IL
W." '' posS'o'e III inc not o'stant iuture
" repea' 'ne corporation TAX law IN the
- '"e A"''f'can peop'e VIII 40
10 'oourase ana sue'a'n PRESIDENT
.n I"s enoI.S 10 Keep our puonc eA-
"'n'n 'u't ana reasonable
"'"o '"e FaSne tarl" Ia" is 1ar from
s"u'.ac.ory oeheVe 'ha' PRESIDENT ratt
"eo ."e case fairIy "hen' tnmitths
'""' ~ not perfect tarin Dill or
oo''ipie'e compliance with the promises
i,'a"e s'r'ct'y interpreted, ne stated that
'"e la" is the result OF sincere enort
on the part of the Republican party TO
''"Ne uo"h"aro revision ana 10 COM
ply win the promises OF the platform
as 'heF nave neen generally understood"
REVISION DOWNWARD.
The ;r,nortor, foo, doro.., J.,
that tba Rcnnhucar ,ar,r co,, ua,.,s. 81.
tariff dounword 7, hos ro,.ou -
before MANY -, ,,a Di,r,a, ua,o
oil ., . - -