Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-07-17
REPEAL Of EXCESS
PROFITS TAX IS
FAVORED BY cox
Governor Would Substitute
Flat Levy on Volume of
Business Done Roosevelt
Plans Speaking Tour

COLUMBUS, Ohio, July 16.-Repeal
of the present graduated excess prof
it's taxes as a means of reducing the
cost of living will be advocated by
the Democratic nominees during their
campaign, overnor Cox stated today.
In place of these levies he would
substitute a fat tax of from 1 to
1 IL per cent on the volume Of bust
ness done by all business concerns.
Virtually the same change has been
recommended by President Wilson,
Secretary of the Treasury Houston
and his former assistant, r. C. tef-
fingWell.
Governor Cox believes that his pro-
posed tax would raise from $780,
OGO, 600 to $4,000, 100000 annually, He
is of the firm belief that the present
graduated levies greatly pyramid the
cost of all necessities, and probably
will deal at length on the question
of taxation in his speech of accept
ance.
Asked for his views on taxation,
Governor Cox referred to several re-
cent speeches and authorized their
quotation on his present position.
prices are high and will remain
so until, we seriously dedicate our
efforts to the wiping away of things
that came with the war;" he said.
"a considerable factor in the high
cost of living is the continuance of
the excess profits tax. In establish
ing a selling price every business
sets aside a reasonable profit sand
then adds to it the amount of the
tax This is done in turn by the man
ufacturer, the jobber and the retailer
until the inevitable result is stag
gering cost to the consumer
"A fiat tax of / or 1 IL per cent
on the volume of business done, by
any concern would be simple mat
ter to collect and it would neither
cause nor give an alibi for excessive
prices. It would allow nearly half
the amount of the governments
necessary revenue and allow a
speedy repeal of the excess profits
taxes" m 40 a..
Governor Cox today met a dele
CATION from the national woman's
party, headed by Miss Alice Paul
which urged upon him the desira-
bility of having him use his influ-
.ence to have the state of Tennes-
see ratify the federal suffrage
amendment in time to permit Wom-
en- to vote at the November cleo
ton.
The Democratic nominee will not
arrive in Washington for his Sunday
conference with President Wilson
until Saturday afternoon.
The governor today decided to
leave Columbus on later train this
evening than had been originally
planned. throwing his arrival in
Washington several hours later. His
train will leave at 10:20 tonight.
Plans were being developed today
by the Columbus chamber of COM
merce to entertain, members of the
Democratic national committee who
will meet here next Tuesday. Mrs.
Cox, NIfe of the nominee, expects to
entertain the committeeman and
their families at the governors
mansion either Monday or Tuesday
evening.
Messages commencing the gov
ernor on his stand taken in the mat
ter of replying to statements issued
by Senator Harding, continued to ar
rive today Among those received
were one from E. H. Moore, the gov
errors preconvention' manager and
Wilbur Marsh, Iowa, treasurer of the
national committee.