Seward daily gateway., 1924-01-25
M'ADoO VERSUS MELLON

Cropping for an issue, William G. Nc Adoo democratic candidate for pres ident, has started to claw the Mellon tax revision program, described by Dr. Frank Crane and other writers as Of the United States treasury since the days of Alexander Hamilton.
 The plan is--in view of MT McA- doo-a typical concession to privilege sugar-coated with mites for the small taxpayer
 It is typical McAdoo reasoning. He proceeds to say that the democratic party always has favored tax re- duction-and it has But the demo- cratic party had an opportunity to put it's demands into practice for s years prior to 1921, and every observ- ing person knows with what results Taxes reached the highest point in their history under democratic ad- ministration. They would have been higher had not an opposition congress prevented the appropriation of addl- tional hundreds of millions.
 MT. McAdoo says the revision pro gram of MT. Mellon not only is fal- lacious but it is unsupported by the facts
 Yet it is we'll known that if the en- tire income of the so-called wealthy were to be appropriated by the fed eral government it still would De HI possible by great margin 10 carry on the government. Secretary MET 1on,s nlan is to cut down the tax on earned incomes and on small Ill comes: and after all. 1t IS tne sliaii taxnaver. the middle class, that pays most of the taxes, for the reason 'na the aggregate of the moderate III
 o, constitutes the great bulk ol the nations revenue.
 Dr Joseph J. Klein, certlfleo ac- countant of New York, declares LII" the Mellon program, reduced to us lowest possible terms, means 'hat 'ne man of small means who earns run s2 900 to S6 900 year, ana "ho makes LID the preponderating bulk oi income-tax payers, will have ms taxes cut an average of 41.6l per cenV' ''io few who have incomes of Sloo'ooo oi over. 259 per cent, and the handful who receive s1,OOO,O0O or more year. less than one-quarter of l per cent to be exact. 240S per cent. TO the man with an income of S3,OO0 year it means a saving of s100 year. Es- sentially it is a poor mans measure, the wealthy sharing directly in less degree than the less well-to-do citi- Zens."
 Indirectly the gain to the small | wage earner and small business man is even greater proportionately Rog- | CT w. Babson, noted statician, estl- mates the indirect gain to all taxpay- CTS at $50 head.
 Dr. Klein remarks that in the group of taxpayers with salaries from $l,- 900 to S6,0OO a year. who will enjoy an estimated saving of 41.61 per cent under the Mellon plan, there are l3,- 121 .OO0 persons, whereas in the group who receive more than $100,OOO year there are but 16,500. Stated olt differently" he adds 'the preponoer- ing majority, men and women ot small means. who need relief most get the most. Essentially is IS the most democratic taX-proposal supmlt- ted 10 any congress- in the memory of living man and the ablest hnanclai document issued by any secretary ol inc treasury since 1791, when AleAan der Hamilton, the first head ol 'ha department issued his famous report on manufacturers.
 The fact is that the Mellon pfopoe ., bae made a decidedly favorable Ill ,,rocsion on the American people gen. orally as congress has learned since if was issued. Nothing that dema- gogues can do or say will alter tha'