The Chattanooga news. [volume] (Chattanooga, Tenn.) 1891-1939, 1920-07-02

ardice. TO make a single move 10.
ward reAdjustment OF tax laws
wnlcn II denounced before tho last
election and was afraid to revise
before the next election.
we advocate tax reform and n
sehrcninK revision Of the war reve-
nue. acts TO NJ peace conditions. 40
that the wealth OF the nation NAV
NOT be withdrawn from productive
ienterprise and diverted to wasteflll
or non productive expenditure.
We demand prompt action by the
next congress for a complete survey
OF existing taxes, and their modlfi-
cation and simplihcation with a view
70 secure greater equity and justica
IN tax burden and Improvement In
administration,
Public Economy.
Claiming to have ERECTED great
lures, the republican partv canno,
show the reduction OF one dollar IN
taxntion an a corollary OF this false
protense. In contrast, the last
domocrnao congress enacted leKisIa.
!lon reducing taxes from eight bll.
hons. designed to be raised. 10 six
billions for tho irst year after The
armistice, and 10 four bIIlIons
thercnftor; and that there the total
Is left undlminished by our political
auversarlos. Two years after
armistloe DAY republican congress
provides for expendlng the stupen-
doua sum OF s6,Soj. 400, 5a7.so.
Hneoting great paper economies
~ reducing departmental estimates
OF sums which would not have bsen
Hpeut In any event and by reducing
formal appropriations, the repub-
hcan staiement OF expenditures
omits the pregnant fact that the
congress authorized the use Of one
and ons-hAlf billions in the hands
OF various departments and bn-
.eaus which otherwise would have
been converted into the treasury
and when should be added 10 the
republican total Of expenditures,
High Cost Of LIvInu.
The high cost OF living and the
appreciation Of bond values In this
country are primarily due to war
Itself tp tho necessary govern.
mental expenditures for the de-
structivc purposes OF war. 10 pri-
ynte eNtrnvagance, to the world
shortage n capital. 20 the imitation
OF foreign currencles and credits.
and, In large degree, 10 con.
sccnceless prohteerlng.
The republican party r. respon-
siblc for the failure TO restore peace
and pencn conditions IN Europe.
which II principal cause of post-
nrmlstice innation the world over.
II has denied tho demand Of the
president for necessary legislation
to deal with secondary and local
cauEer. The sound policies nuraued
by the Treasury and the federal re-
serve system have limited In this
countrY. though they could not pre-
vent, tn" imitation which was world.
wide. Elected upon specific prom-
tsoH 10 curthil public expenditures
and 10 hiring the country bnck 10
stntuF of effective economy, the
rcpubl,an party In congress wnsted
time ani energy for more than
yenr IN vain and extravagant In
ventiona costing the taxpayers great
sums Of money. while revealing
nothing beyond tho lncaparity of
republfcan politicians ~ cone with
the problems Demanding that tho
president. from his plare At the
peace table call the congress Into
extraordinary fessinn for imneratlve
PURPOSES ~ readinstmenf. tho con-
grcFa when convened Epent thir-
Teen months In partisan pursuits.
falling 70 repeal n single war statute
which haraEsed business or % INF
liate tlrgie constructive meas
are 20 heip buslneE Tt busted itself
prediction record % pre-
iendcd tfrifi. having not one par.
ticle of substantial existence IN
fact ~ raEcd AGAINST pronfeera
md the high cost of living without
nnao'lnF a single statute 70 make
The fnrmrf afraid or doing a single
ict 10 bring the latter within nmi.
Iafinns
The slrpie truth Is that the hiEh
teertInu.e On psas D.