Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-12-04
= Of MESSAGE

sestso more ~ than two thirds by
Bn a'edIture. 1t II an ominous
nriy the National Govern
sst Sncing its debt Others are
.Ssirs at about $1,000, 000,-
ear. Tbs depression that
z ;assness, the disaster ex-
y y agriculture, the lack of
rs and the terrific shrink.
N rslues which our country
~ in a most acute form in
a,,ed in no small measure
nronibitiye taxes which
y levied on all productive
1n -. establishment OF a sys-
irs.,ic economy in public
..s,s' which has enabled us to
sh"ut one fifth Of the ma
~ since 1919, and almost cut
.ss national tax burden since
- been one OF the main causes
sbIishing a prosperity which
~ include within its bene-
-, every one of our inhatt-
yeonorny reaches everywhere.
blessing to everybody.
s.,lacy OF the claim that the
= government are borne by
= and those who mike a direct
sstIon to the National Treas
go, be too often exposed. No
! las been devised. | do not
Nv system could be devised,
sbIch any person living in this
: could escape being affected
rost OF our government. 1t
Arect effect both upon the
md the purchasing power OF
is felt In the price OF those
oeeessities Of existence. food,
~ fuel and shelter. 1t would
N be elementary that the
/ he government expends the
must require every Arodncer
.,rlbu,c out Df his production
public Treasury. and the less
have for his own benefit. The
nag costs Of public admins
car, be met in only ore way
uork Of the people. The
they become. the more the
must work for the govern
| The lcss they are. the more
..onle can work for themselves.
orescnt estimated margin be-
publlc receipts and expen1i-
Or this fiscal year Is very
Perhaps the most important
that this session of the Con-
ran do is to continue a policy
[snomy apd further reduce the
A government, in order that we
ssys A reduction Of taxes for the
zeal year.
Taxes
ryone desires reduction or
and there is a great pre-
bnDce Of sentiment in favor of
hon reform. When | approved
resent tax law. stated publicly
| did so in spite Of certain pro-
h. which ! believed unwise and
kul One Of the most glazing of
vas the making public of the
kmts assessed against different
|n..lax payers. Although that
ags has now been done, be-
is continuation to be detri-
bal TO the public welfare and
ID TO decrease public revenues,
bat It ought to be repealed.
sbody can reduce taxes. but it
kG 80 Easy to stand in the gap
resist the passage of increasing
fsriatlon bills which would
h. lax reduction impossible. 1t
Be very easy to measure the
kasth Of the attachment TO re-
Nj taxation by the power with
rh Increased appropriations are
ged. Il at the close of the
Itrt session the Congress has
within the budget which | pro-
10 present. 1t will then be pos
eto have q moderate amount of
reduction and all the tax reform
the Congress- NAV wish for
hns the next fiscal year. The
pity Is now feeling the direct
lalus which came from the pass
Of the last revenue bill. and
~ The assurance OF a reason
system OF taxation there is
y prospect of an era OF pros
OIL unprecedented proportions.
II would be idle tn expect any
results unless business can
ne free from excess profits
Rlcn and be accorded a system
afaScs at rates which have for
oalect not the punishment of
VS. or the encouragement Of
lss but the production of the
ht amount Of revenue from
taeomes' | am convinced that
Mser incomes Of the country
actually Yield more revenue
y government If the basis of
alsn we're scientifically revised
ssan Moreover the effect OF
fesent method of this taxation
aaesse the cost OF interest on
'sN'e enterprise and To in
Me burden of rent. 1t Is al
w likely that such reduction
70 encourage and stimulate
aa'ehI that 1t would firmly
~ our country in the
aae leadership of the world"
N new pronouncementst marked
ssldents discussion OF foreign
uhe touched on reduction
W. ornaments. and the other
uusaee to the outla wing of
aas been and is my expecta-
aA' We might hopefully APP
eMer great powers for
VohIeren'e on this sub
"eh as the carrying out of
sssenl reparation plan aA the
=. W and settled policy OF
ss.,, Jay created a favorable OPP
~. ne said with regard 10
ss reduction. but OH &C
R proposals which have al
ysen made by other govern
IN European conference. II
s,aseeeessarl To wait to see what
,s 'se Of their actions can
. s.Sula MOI wish to propose or
y. .prssenta,ives attend a con-
kSs,sh which would contemplate
saenls opposed TO the free
sV,ioh We desire to maintain
IN ' s with respect TO our
sao sV,ieS'ic policies"
L. to outlaw aggressive
NE President asserted.
Ss,N.w carefully studied and
n. 'ssucslly viewed.
- uom his declarations re-
kssS,,ee economy and taxation. the
Sssss u, Recommendations on
ssh, aaairs made by the Presi-
sis saf mt Of, such legislative
6a on ,er agricultural ills as are
sair sy ny the recently-appoint-
ksos Iu!taral commission ana
ar,t ~ all efforts "by govern
| ."ANltf nnI L..