Every evening, Wilmington daily commercial., 1920-12-22
KAHN URGES SALES
TAX AND REPEAL OF
EXCESS PROFITS
New York Banker Aiso Suggests
Reduction Of Income
Surfaces.
WOULD REVISE
TARIFF UPWARD

~ Associated Press ~ Evsrv Evsning
Washington Dec - After nrlF
hearing on TAX revision fhe iipirse Eaye
and means committee adlolrnsd l0da.
until January .. On which dafe % piafF
80 turn its attention ~ gererll rev a'H.
a. the tariff
While the committee does ny rDufern
plate further consideratir0l 0ftav question.
~ this session Chairman Fr-inry sa
this did not mean that nrV Frt"
be drafted on The Jasis g.. fYrma'Irr
gathpred thur far Hf rvpla nfd 'haf
committee felt y should 'lr' ~ at
revision nuedistelr after ths t.i
and devote t'ef ~ 'ha' 1sk lrtI
completed
Washington. Deo - Dr-'rp~s.
of a TAX revision program n qrgreas
though proceeding slowly nas lsr'0-of
the House 2 Zrrwng trend r. favor
Guiding aOunr snri ~ sales aV
next revenue iegisla'or Ife refrnrr'
yesterday ~ Chairruar fr-lrsr ~ ne
ways aud means rGmUif'er rIpurr'
I salc5 taz Il was said 'o,sr ref gvr
\ pcfus - 'he prDposal
While rnnaf rnrr1heru -f 10 ra~, t-t
4 means cornnif,ec sa~ thai .rr- -ettI-
+. 0r,en rnlrd Dr. 'ie s1hjee' -sr.rp En- -a'r
\ prceyione show aenffnrr 'hr rt~~
I tee even now n ~ eighf. 'ar
T consumption 'av
Committee rncrnterv vino arp l.tt .rf
( y,lt agairs. thc sslev 'av drrlarrd -
-rorse than ~ rycess profits fav e1arZrg
tha' Il vim rlir,vr sil itnes of trade p r-res
proffeernE
Washington Dor - Estatliq1rnsrf
~ sales az. rrreal ~ fue tav 81 -vr-es
profts reduction ~ fhc higher rafr- r0
come uirtaves. upward re~uro7 ne
tariff and The levvirg ~ Hsf '.~
profits n rnrporaff1ns were adrcea'ef
before he Hou=e views and ursns ~ln.-
raitfee YESTERDAY 81 Onto H hshu Nru
York banker. la 4 c1mpreheuzlvr z-
c,Ission a tar revision legislafion
Afr Kahn one 20 fnr few tIfreeses
invited Nv he committee - appear ~
fore If. dwel' ~ length - the question ~
gales tax partly IN response ~ indleafi0rs
II tho committee that this sorr ~ az
gaming n favor
Chairman Fordnav before Mr Kahn
gss called sad he and several other
members believed sone sorf of sales tav
would eventually b derIded upon. auf
we're seeking methods by whlch the IA
would not 10 rsultiu.lled and the cousuuer
sInt,fsriv taxed on the flaIai purchase
As a result of tile chairman . statement
Mr. Kahn discussed that phase cf 'lr
problem advocating Legislative provision
which would require the TAR - hr madr
known IN each sale and added % fhe eail-
ing prize IS = separate item. ~ucn an ar-
rangement. he said. in nls OPINION. would
check the profteerIng which las -c-
, suited from the excess pronrs tax
In his discussion Cf the rrrtl fur re-
cared that American business could not
experience a healthy growth d the govern
n1ent continued On a road ~ excessive
taxation ana continued to aa-1rn -h-
hfe-bl0od &c business through oncen-
fratlon 81 taxes "a incomes and -auirsl.
He added thar me -ix rur1en a.readE
had actually stopped commercial dcvr.nr-
ment
one ~ the means suggested ar air
hahn for lifting the present raE trfrr
vas q funding - the ictory notes ana ha ar
savings securJties he .-zed pas Menf
~ taxes uf thr treasury rerfircates e .r
deDtedness however. saying anDeare
This could Be done without ncouseu.eEet
before they fail due
Discussing the sales tal SIR kaAn .l.a
he mad waverei and wonb.ea -ne
props sltion for some months. rot .-eilnl
sure that ne la1 q rlEAE 20 si4Gkr-. - irf
think a man ought - .aau rt,A.
7 wards. the witness coulnue,i wien lf
proposes n arrangement by which le VI.
; benefit peculiarly - ! wll aenehf oy tas
sales tax Nevertheless believe sincere.
: that the consumer "a the rnal analysis a..
not suffer the burden undcr -.iies -,
I that he now suffers lnuer fhe .Ngt-.
profits TAX
Every nAnGiacturer and ever bus
ness man has added more % -he prices
his commodities N anticipation 10 rlr
profits tax than he has rad t1 add r
has started AZ the very heEnaing % tar
. life Of a manufactured article and -1u
tinued on through the retailer The cum
surner paid il al. sUbmi, the saios 'a'
would be a lighter burden at least
: The witness said be was not prepared e
sav a sales tax would be a Success. Re saiu
however, that he believed ' would nors
successfully, bur because &c vac n -l'
nature OF an experiment be would pr.
, pose a low tax rate for the initial .est
lie suggested rate of one-third Of one ~
cent, estimating that such q levy soul.
produce approximately $3.50 OUOO,OuO
P Continued on uazt