The New York herald., 1922-08-29
what Average citizen Faces.

What Average citizen Faces.
I'VE can sit here In this Senate cham
Der and discuss these things In an aca-
demic way, but they are mighty real
things when you go out among the peo-
pie and when the average citizen is
faced with the certainty, Utmost. OF go
ing down into his pocket deeper than
ever, not only to pay taxes but to pay
his living expenses In the face of this
Industrial emergency that faces us 1t Is
not very cheering thought which
comes into his mind that at the very
moment when he is wondering how the
people are going to keep their houses and
run their industries and Keep their en-
ployment. the notice has already gone
out from Detroit that 10000 men In
tho Ford plants may have to stop work
in ten days-it Is not a very cheering
thought that will come into those peo-
ple's minds II at that very hour the
Congress passes bill burdening the
American people with at least three and
a half billions more In taxation.
There will come a time, Mr.. Presi-
dent. when the people cannot bear any
more burdens. What political party
would have the courage or the rashness
to-day to Introduce revenue bill here
raising the taxes of the people? Neither
of them. This bill attempts to get
away frfom that. lit Is an effort, almost
laughable in It's rutility, TO persuade
people that money can be raised with
out imposing taxes--an utter impossi-
billty.
"The Senator from North Dakota
(Mr. McCumber)N says II will cost but
SIS. 900. 900 In the first year. The Sec
retary OF the Treasury points that we
have S400, 100000 deficit facing us
this first year, and the latest informa-
tlon that instead OF $500. 100000 1t will
be $500. 10000 deficit. and lightly does
the Senator from North Dakota sug-
gest that we add another $4,000, 900
te that deficit, and that is only to be
used in paying the $50 cash bonus to
those men whose so-called adjusted
compensation does not exceed $50.
Another Form OF Taxation.
What relief are we to have as
speople? There is none In sight even IL
we do not pass this bill. We will have to
impose heavier taxes or issue bonds. The
Senator from North Dakota lightly sug-
gests that we suspend the good roads
work over the country in order to pay
this so-called adjusted compensation.
That is simply another way OF taxing
the people-depriving them OF the fa-
cilities for doing business-that is all.
What does business amount to when
brought down to it's essence7 II is the
many that pay. not the few. Political
charlatans will invent or pretend TO in
vent methods and pieces OF legislation
for imposing taxes in such a way that
the few only will pay. Point me to a
single taxation policy evolved by any
government in the history of govern
ments that have succeeded in imposing
taxes In such a way that the few only
bear the BURDEN
Mr.. Hitchcock: The Senator remem-
bers that one of the first acts OF his
party was to relieve from the excess
profits tax the corporations in the
United States that were making the
highest profits in business and that IN
that way sl50.00o,0 900 of national reve-
nue. was sacrificed"
Mr. Wadsworth: "I do not neree with
that last statement at all. I do not
think you can find the excess profits
at ALL"
Mr.. Hitchcock: "And about the same
time another $780, 900 of revenue was
sacrificed by removing the surtaxes on
the great fortunes of the United
States"
Mr.. wadsworth: THE Senator'S
question is oil based upon the assump-
tion that the imposition OF high sur
tax rates are income taxes paid by
the rich man alone. He also bases his
question. or must do so. upon the as
sumption that the excess profits tax