The Arvada enterprise., 1916-07-13
A Fundamental Change
In Our Fiscal Legislation
EDWARD KEATING


EDWARD HEATING
from the Third list
Washington, D. c. July S-The BILL framed by
Democratic Ways and Means Committee passed this by
Democratic House of Representatives the great trumphs
of the Wilson administration
1t provided the money needed pay the Presidents Pre-
aedness program Every dollar will from the purses
those who capable making the contribution the
very rich men of this country.
An increase the will produce more than
OOO An inheritance tax expected produce SIT the
first and $4 00 600 each year thereafter
tons of will bring in $7OOOOOO while the European war
lasts total of 1924 900 of revenue and dollar
levied on the necessities of life.
The of this bill marks change in our s-
cal legislation
met by the imposition of taxes which increased the of the
things must have in order sustain life.
Men did not contribute in proportion their wealth but
portion to their consuming Every time purchased
hat suit of clothes pound of sugar your table
furniture for home, cigar sack of
glass of beer added price
the tariff or the internal OF did
know paying something for the pkeep the govern
men because the manufacturer quietly added the without
annoying his customer with discussion Of the But every
dollar Of the total required keep Uncle Sam in business
came out of the pockets of the consumers.
1t the Indirect the Republican, the easy of raising
revenue.
much from the ppor from the rich We agree
every under the flag just share the
needed to keep that flag flying in security nation of
free people
But will contend that the moderate should
give as much as the mult-milionare
Yet until the advent of the Wilson administration
that attempt made equaze the burden by
pclg wealth to do bear something like its just share The
Of the people still contribute support govern
through tariff and internal In fact they
practically much capita they did
but the Democrats have refused add those burdens by pny
on the cost of Preparedness. >"
That item will be taken of by the income inheritance
munitions taxes AS have explained the will
with the but the income and inheritance
institutions at least they will remain the
Democrats remain
What the Republicans would do with Them if they should
control Of the government do not know.
Judge Hughes the Republican candidate for president
est opposed to both taxes AMI of New York he
urged the defeat of the income He has indicated
has changed his mind
During the last the income produced 1924 0OO Al
of this will bring into the Treasury during the fiscal year
1928 100000 All of this will be paid whose net incomes
exceed $4,000 for married men and So 600 for single
The records show there 3 individuals this country who's,
exceed 5000 600 Their 1914
S216327OOO and under the law they will be
contribute II of that staggering amount about $50
O to the support of the which safeguards
and property. Is that unreasonable?
If they lived England they would pay three times as
much.
The inheritance law really very mild statute If
Will not allie estates with net value of less than Tn,
Trainers did not feel that Cypress widows
orphans support the men very
generous allowance for their maintenance.
The tax is graduated from five per cent the larger a
mount being levied estates above OO Some idea of
the TACT that even TINS modern tax VIII produce according the
experts, $4,000 600.
80 far the inheritance concerned said Democratic
Leader ktchn during the debate the bill we making
beginning Future Congresses will rates very ma
eray We did not feel that needed the money Just now
= Factory Soon to Start iArvada Man Promoted
superintendent Lee oil the In Aviation Corp,
World h.,n !.