Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1916-07-09
Democratic Need of Money

Democratic Need of Money
1t is seldom that party in power seeks to enact
revenue legislation in a presidential campaign year
That is that is usually attended the
first session of congress following presidential cleo
ton and such legislation the party rests.
Subsequent revenue legislation within admin
istration naturally suggests unwise extravagant
management. Yet since the democrats into
power March a. 1912 have had the Underwood
bill; next have had the war tax" the Of
fered for which was that account Of the war our
imports would fall off that the tariff bill would
fail produce a sufficient But it is the
boast of the Department of Commerce that i'm
ports heavier than Still the administration
needs money and have the pending
bill in which amendments to the income and
inheritance features of the present laws pro-
posed
Nobody can offer valid objection to such means
Of raising revenue; it proper that should be
paid by those who best able to pay them and
large incomes and large nhertances absolute
evidences of ability 1t is longer argument to
say that such legislation smacks of socialism, if
it also smacks of justice.
Objection be made only to the mismana cement
which makes additional revenue necessary and to
the rather illogical, sectional manner in which the
democrats propose amend the income and inheri
lance laws.
the is doubled. For example the married man
with income of $1,000 the exemption being $4,000,
instead of paying income tax Of $40 annually, will
pay $40, and the single with the income,
the exemption being $4,000 instead of paying $40
present will pay $40. This holds good for in
up $4,000 At that point the surtax will
begin. The tax incomes in excess of $500 0O say
income of 100000, will be 100000 1t is five
per cent on an income in excess of 100000 and not
in excess Of Sl50,00O.
A graduated inhertances is also provided
which ranges from per cent estates Of less
than $4,000 to five per the amount by which
the exceeds s45O0OO There is also a
the manufacture of munitions of war; and this is
liable to be complicated. The manufacturers
of gun powder and other explosives except blasting
powder and dynamite is be five per of the
gross receipts not in of s1,OO0OOO and eight
per of the amount by which such receipts exceed
81 Manufacturers of cartridges, shells, fire
arms and the like would also pay varying rate of
taxation.
As regards the income tax the striking feature
is that the exemption not lowered but the
tax on those liable the present scale is doubled
The democrats who framed the bill had in mind the
fact that reducing the exemption would greatly
enlarge the number of persons liable to the tax, and
they feared the resentment that such affairs
would But if these democratic leaders were
perfectly fair if they determined to make more
persons share in the new burdens Of taxation, they
would have lowered the exemption The rate Of
exemption in the United States is much higher than
in other countries where income is imposed.
The democratic leaders. playing politics, have con-
Guided that there would be less objection because
those affected would be fewer increasing the
incomes liable than there would be to low
ering of the exemption burden
In the preparation of the administrations revenue
bill neglect is again observed of the future of the
probability that the ends, the already
well organized nations of Europe, in need of money,
viii resume the Industrial field avidy they
rushed battefields and the United States will be
made the dumping ground of their products, to the
paralysis of Industries. The Underwood law
which has been found be incapable of producing
for the support of the government will be
found to be equally incapable of protecting in
dustries Yet the democrats bound by party tradition
refuse make it capable of serving any usefu
purpose.
The Republican has frequently stated it's position
with respect the tariff We do believe in
tariff for the protection of special privilege. dc
Nor do we believe in a tariff a form taxa
ton, for there is other form of modern taxation
so unjust. 1t with equal weight the ricl
and the poor and that is wrong.
Revenue from the tariff should be regarded al
purely and only incidental to the necessary protec
ton Of American industries
Looking Back at Mexico