The Filer record. (Filer, Idaho) 1919-1930, 1919-05-22

|
\ 70 every maritime people in restOrin;
y huch more rapidly than would other
wise have been possible, the fonnag
|, "hntonly destroyed in the war I hav
= ohiy 10 suggest thar there are man
. points at which we can facilitate Amer
y lean enterprise In foreign trade by on
= poriue legislation and make IL eas,
Tor American merchants 10 20 wher,
they viii be welcomed Ms friends rotb
J. - man as dreaded antagonists.
i America has great and honorable
I service 10 perform IN bringing fls
;. commercial and Industrial underfak
ings Of the world back 10 their old
; scope ana swing again and puttlng a
] solid structure Of credit under them,
/ All our legislation should be- friendly
10 such plans and purposes.
Taxation Reforms.
Ana credit aud enterprise alike will
be- Guickened by timely and heIpful
legislation with regard 10 taxation. 1
nope thai the congress VIII find IL nos.
7lbie 10 undertake an early reconsld-
erntion Of federal taxes in order 10
make our system Of taxation more sim
pie and easy Of administration and the
taxes themselves az little burelensorne
a. they can be- made and yet suffice 10
support the government aud meet an
~ obligations. The figures 10 which
those obligations have arisen are very
great Indeed. but they are not so great
as 10 make II difficult for the nation
10 meet them and meet them. Derhans
IN q single generation. by taxes which
VIII neither crush nor discourage.
ihtse are not 80 great as they seem.
not 80 great as the Immense sums we
nave had 10 borrow. added 10 the i'm
inense sums We have had Ia raise by
taxation, would seem 10 lndlcnfe. for
u very large proportion of those sums
we're raised Ia order that they might
be loaned 10 the governments with
Which we were associated IN the wnr
ana those loans Will. Of course. con.
stitute assets. not liabilities. and will
not have 10 be taken care of by our
taxpayers.
The main thing We shall have 10
care for Is that our taxation shall rest
as lightly aS possible on the productive
resources Of the country. that It's rates
shall be stable, and thar n shall be
constant IN us revenue yielding power.
We have found the main sources from
which Il must be drawn.
II take II for granted that lts main ,
stays viii hencefOrth be- the Income
'hN, the excess profits tax and the e--
ate tax. All these can so be- adjusted :
10 yield constant and adequate re- !,
urus and yet not constitute a too !
;ricNous burden on the taxpayer.
a revision OF the Income tax has !.
Ilread@ been provided for by the act =
II 1918. but ! think you will find that =
urther changes can be made Ia I'D y
antnge. both In the rates of tax and =
he method of It's collection.
The excess profits tax need not long :.
~ maintained al the rates which were y
ecessary while the enormous OK
cnses OF the war had to be borne
nj II should be made the basis of "A
system which viii reach nm A
ne profits without discournglng the a,
Enterprise and activity of our business h,
zen. ~
The tax on Inheritance ought no ~,
oubt, 10 be reconsldered In lis rela- .,
on 10 the fiscal systems of the sew m
raj states, but II certainly ought 10
main permanent part of the fiscal II,
stem of the federal government also ~
Minor Taxes. Nj
Many of the minor taxes provided wi
n In the revenue legislation of 1917 tn
id lOlS. though no doubt made nee co
Sary by the pressing necessities OF re-
artime, could hardly find sufficient
stiticatlOn under the easier circum-
anccs of peace and enn now happily
got rid Of Among these, | hope pr
~ VIII agree are the excuses upon SUI
rlous manufacturers and the taxes gr'
ION retail sales. They are unequal of
the incidence ON different industries la
d ON different individuals. Their lat
Election Is difficult and expensive. ten
lose which are levied upon articles str
III at retail are largely evaded Ny uni
? reimbursement of retail prices On vii
r other hand. | should assume that pie
X eNpedient 20 maintain cousid. eat
ibie range of Indirect taxes and the as
q thai alcoholic liquors viii present pos
no longer afford source Of revenue at
taxation makes II the more ncces- /
y that the field should be carefully abb
.tudied IN order that equivalent the
frees If revenue may be found the
ich Il viii be legitimate aud not lc,,
rdeusonc to draw upon But YOU In ,
se nt hand IN the treasury denart. nrr
az many experts who can advise cirS
I upon the matters much better viii
IA can. ! can only suggest the lines men
" permanent and workable system onr
the placing Of the taxes where mac
y viii leaSt hamper the llfe of the of Il
pie, nm,
Import Duties. the
here Is. fortunately uo occasion for be
rriaking n the Immediate future und'
general revisitn Of our system of mitt
ort duties Our cOuntrN has " II
'rgcd from the war less disturbed ~ Il
less Weakened than any OF the
oprOn countries which arr our com. 49,,
tors IN manufacture Their indus.
establishments have been subject. l'''
Ca gr0tCr strain than ours. their :"
'r torvv On a more serious diSor. '"N'
zatien and this is clyvrls not the ul''
; ia seek uu organized advantage Nu,'
Advises Tariff Changes ,ss ,
cycr,hclcss. there are parts of our emf
n system which need prmnpt at. men,
Ion The experiences of the war n. 4
! made Il plain that IN some cases seer,
great reliance ON foreign SuppN ,llrif
=