The daily star-mirror. (Moscow, Idaho) 1911-1939, 1923-12-10
PRESIDENT||URGES
TAX REDUCTION
RECOMMENDS CUT OF $500, ,OOO, 900
WOULD REDUCE TAXES
ON EARNED INCOMES

I
commended to congress today a reduc-
ton of more than S3OO,OOOOOe in the
national tax bill and at the same
time presented views in opposition
to a soldiers bonus.
The executive, in message trans
mitting the annual budget, said
frankly that "any program of new
expenditure on large scale would
make tax reduction impossible for
years to come" He added that tax
reduction would certainly tend to
align the whole people in support of
economical administration of govern
ment," which he declared is becom-
ing every day more and more neces-
sary." 81 recommend revision of
tax laws" Mr.. Coolidge said, "along
lines which will effect reduction OF
income taxes by taxing earned in
come more lightly than income from
business or from investments; by re-
ducing the percentages of the norm
al tax and by reducing the surtax
rates, with commencement of their
application at 1000 instead of &c.
900. L also recommend repeal of the
tax on kilograms, telephones and
leased wires, and of the tax on ad-
missions, and revision of the miscel-
ldnSOuS taxes WHICH are a source OIL
inconvenience to tax payers, and
hand, amendments which would
cause some increase of revenue
should also be made to existing in
come tax laws relative to deductions
of capital losses; deductions from
gross income for interest paid and
nOn-buSineSS losses sustained.
wherein income from tax-exempt Sc
curities is involved; and the manner
of taxing community incomes. These
changes would reduce taxes by more
than $500, 900, 900, which is safely
within the probable surplus.
Il know of nothing which will give
the people of this nation greater as
surance that we are unalterably
committed to a campaign of economy
in public expenditures than a reduc-
ton of our present taxation. 1t will
take from the realm of debate plans
which contemplate extravagant ex-
penditures, or expansions of the bus
mess of government beyond those
necessary to keep pace with grow
ing nation and fixes the measure of
our requirements an amount which
will repres ent what is actually neces-
sary to carry on efficiently the prop
er business and functions of govern
ment and meet our fine debt charges
payable out of current revenue. 1t
would certainly tend to align the
whole people in support of economical
administration of government, and
1 frankly state that such an align
ment is becoming every day more
and more necessary because of the
influence which it will have upon
the states and the other lesser sub
divisions Of our bodypolitic.
SIN stating that reduction in tax
alton carries with 1t an obligation not
to embark upon an extraordinary ex-
penditure program, / am not unmind-
full OF the demand for adjusted COM
pensation for soldiers of the World
war, which would include among it's
the able-bodied of our
veterans as we'll as the disables.
question If there is any sound reason
for such a measure. The country Is
and remunerative en-
ployment is available for the able
bodied veterans as well as for other
citizens.
For the disabled veterans of the
war and the descendants of those
who fell, the country can not do too
much. 1t has already spent nearly
two billions of dollars and now is
spending nearly half billion dollars
in their behalf. That obligation it
must and will continue to fulfill IN
utmost measure. And it is one of
he most important of the duties and
privileges of the chief executive to
minister to the wants and needs of
hese wards and creditors of the ma
ion.
"But the fit and able-bodied are
,ffered the opportunity open to every
,ther citizen. The government has
10 money TO distribute to any class
# its citizens that it does not take
rom the pockets of the people and
he payment of a bonus to millions
f our former soldiers could only be
ccomplished at a cost to the whole
ommunity, including the veterans
nemselves, far outweighing the ben
fits intended to be conferred. If /
cit hat a soldiers bonus represent
d great need and a proper oblig-
tion which should be fulfilled by
lis nation l certainly would not
lake recommendation which
ould be adverse thereto
1--WE have now reached a point in
If financial program where we can
ghten the tax burden of the people,
hich is an added reason for taking
firm stand against any and all
rograms of spending that would
nd to absorb the expected margin
sttween receipts and expenditures.
]. M Morford and family arrived in .
oscow Sunday to spend the winter.