Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1925-04-04
States Cash Balance
For Political Effect
Ten Million Dollar Balance in State
Treasury Boosted of For
Political Reasons.

Madison-For political effect. dur
ing the last campaign. it was boast
fully stated that Wisconsin had
cash balance in the state treasury
amounting to more than ten million
dollars Again for political effect.
! as it relates to the Blaine progressive
attempt to impose additional taxes
through a new tax law. the statement
is now made by State Treasurer
Levitan that it is quite impossible TO
accurately state what the exact cash
balance in the treasury may be, ne
cording to the press bureau of the
Republican headquarters at Oshkosh.
The tax payers are interested in
the facts. According to official
figures, balances i'm the state treasury
at the end of each month for the
past fourteen months have not fallen
below $7,000,000 and at one time
reached the enormous sum of 500,
100000 The lowest amount ms a
cash balance in the general fund, dur
ing this period. was approximately
$6,000,000, and the highest amount
was over $14,000,000
No explanation is offered the tax
payers why at this time aud without
other than for political reasons, the
effort is being made to pile up more
money of the taxpayers Except to
meet possible emergencies in ex-
penditures unprovided for by the
legislature, there is no Justification
for this policy Of carrying SO
enormous surplus Money coll
lected from the taxpayers by any
taxing unit, local, county or state in
excess of a reasonable surplus above
actual needs, is not only an abuse Of
the taxing power but leads to ex-
travagance and waste. II follows,
always that extravaganza results.
The Blaine progressives argue for
the acceptance Of policy Of taxation
which because of exemptions given,
must result in placing the tax burden
upon property which can be reached
The assessments, constantly iucrcas-
ing, upon this class Of property. win
be further tax burdened to make up
for the politically exempt class the
vote Of which is being appealed to-
For the purpose Of evading taxes the
farmer can not establish selling
agencies outside Of the state, nor can
he SO manipulate his affairs to gain a
residence elsewhere. His business,
his home and his interest is in Wis
consin. It is the farmer, the home
owner the small business man who
Immediately feels the effect of tax
tinkering. The laborer and ware
Garner feels it less directly but he
pays the price in increased rent and
increased costs Of living Whenever
legislature cnlarges the exemptions
of any class or shifts taxpaying OBJ
legations from one class TO another,
this so called adjustment may seem
ingly afford relief The fact IS how
ever, that il is mere political relief, Of
the same substance and value as pro-
LESSONS from those who hold off T.
and want to hold Office those who
promise much and do nothing TO save
money TO the taxpayers
At the township elections to be
held soon in Wisconsin, what would
the taxpayers think, if it was dis
closed by the report Of the town
board Of supervisors, that the tax
payers in each town had been paying
taxes TO create big surplus in the
hands Of the town treasurer This
~. IL
doing here in Madison And now
the plan is proposed Of raising more
taxes