The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1917-11-29
Excess Profits Tax
Is Declared Unfair
Continued from Page -

son, dean of the Idaho school of miles,
in which he outlined a great future Tor
the school, and appealed for contin-
uance of the hearty cooperation of all
engaged in the mining industry of
Idaho. Following the dinner the del
eeates met in the Day offices, where
| the discussion continued until about
midnight, The result was the adop-
ton of resolutions defining the posi-
ton OF the mining interests of Idaho.
Steps were taken to enlist the support
of all other mining states, to the end
that the appeal to congress for relief
would represent the united mining in
dustry OF the west. Secretary Mac
beth read kilograms in the afternoon
assuring hearty cooperation from Utah
and Montana, while Secretary f. X.
Erwin. of the Washington Metal Mines
association was present and gave as
snrance of the support of Washington,
Want War Income Tax
The meeting. of the Idaho Mining
association assembled in Wallace. Ida
no, on this cath day of November, 1917.
for the purpose of considering bust
ness, political and industrial matters
affecting the mining industry of the
state of Idaho. and incidentally of the
nation, connected Herewith, refers to
the recent war income tax law
enacted by congress and declares.
That the mining industry should
bear its just and equitable proportion
or all expense of government. federal
state and municipal, under which it is
protected; and that 1t should and does
stand ready to meet all taxes imposed
upon 1t by constituted authority. and
particularly those taxes imposed by the
war revenue law passed by the federal
government, and 1t willingly offers to
support all war burdens imposed by
the government to as great an extent
as those that may be. imposed upon
any other Industry even to the limit
OF eonfiscation of all it's property. If
That be necessary to bring about a
successful termination of the war now
being so justly and periodically pros |
eeuted by our country for humanity
But this association declares that |
all should bear the war tax. levied up |
On all alike, under a fixed principle. !
without discrimination, to the end that
Ill shall be equally taxed.
Whereas, examination by business
men, expert accountants lawyers. au-
'itors and professional men from the
'anks of all industries, professions and
business connections, has resulted in
he unanimous condemnation Of the
measure now upon the statute books,
md particularly that section of it de-
cribed under Title 2, war excess pro-
Its tax;
And, whereas an examination of the
NV In question reveals. that its pro.
isions will cause unjust discrimina-
ion in favor of heavily capitalized
ompanies as against companies hav-
1g small capitalization for example.
re find in attempting to apply the
rinciples of the war excess profits tax
the mining industry that company
18th large capitalization will pay
My per cent to Is per cent of its
ct income, while another company.
wning mine of the same value, and :,
'alizing the same profit, but having q
nail capitalization, will be compelled !.
} pay from 40 per cent to rs per cent =
its net income, according to the ,,
any constructions that may easily be =
ad from the law
And whereas. investigation of the :"
story of this legislation in congress y
veals that 1t was hastily and ill-ad-. !"
sedly framed.
Now. therefore, be it resolved, that
e Idaho State Mining association. in
eeting assembled, does hereby con-
mn and denounce this so-called war
cess profits law, as being so vague. gi
'biguous and contradictory as to be
ictically incapable of understand ta
!. and unavoidable;
Now, therefore, we call upon con- at
'ss to repeal this unfair and an
rkable Law, and substitute therefor a !
pecial war income tax on substan- Z
ly the same plan or principle now ku
'pted in the case Of individuals, and ,
ardless OF pre-war conditions, and OF
ardless OF capitalization, based I,
Fly upon income. In accordance fir,
h graduated scale. and permit ,
such exemption as may be equit- ga.
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