The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1925-12-08
Reduction nj Taxation

The purpose of reducing ex-
pendltures is to secure a reduc-
ton in taxes. That purpose is
about to be realized. With COM
mendable promptness the u Ways
and Means Committee OF the
House has undertaken in advance
Of the Congress to frame reve-
nue. act. AS the bill has proceeds
ed through the committee 1t has
taken on nonpartisan character,
and both Republicans and Demo
Gratis have joined In measure
many sound principles Of tax re.
form, The bill will correct sub.
substantially the economic defects
injected into the revenue act OF
1924, as well as many which have
remained as wartime. legacies. In
its, present form 1t should provide
sufficient revenue for the Gov
eminent.
The excessive surfaces have
been reduced, estate tax rates are
restored to more reasonable fig
ures, with every prospect of with
drawing from the field when the
States have had the opportunity
to correct the abuses in their own
inheritance tax laws, the gift tax
and publicity section are to be
repealed, many miscellaneous taxes
are lowered or abandoned, and the
Board OF Tax Appeals and the ad-
ministEative features OF the law
are improved and strengthened.
l approve Of the bill in principle.
In so far as income-tax exemp-
tions are concerned, it seems to
me the committee has gone as
far as it IL safe to go and some.
what further than l should have
gone. Any further extension along
these lines would, in my opinion,
impair the integrity of our In
.come-tax system.
To Pass House by Christmas
am advised that the bill will
be through the House by Christ
mas. For this prompt action the
country can thank the good sense
OF the Ways and Means Commit
tee in framing an economic meas
ure upon economic considerations.
II this attitude continues to be
reflected through the Congress,
the taxpayer will have his relief
by the time his March 18th in
stalment Of income taxes is due,
Nonpartisan efforts means Ger.
tain, quick action. Determination
Of the revenue law definitely,
promptly and solely as a revenue
law, Is one Of the greatest gifts
a legislature can bestoW upon it's
constituents. I commend the ex-
ample OF the Ways and Means
committee. If followed, it will
place sound legislation upon the
DOCKS in time to give the taxpay.
ers the full benefit OF tax .reduc-
ton next year. This means that
the Dill should reach me prior to
March Is.
All these economic results are
oelng sought not to benefit the
rlch, but to benefit the people.
They are for the purpose of en-.
\ couraging industry in order that
employment may be plentiful
They seek to make business good
IN order that wages may be good.
Ihey encourage prosperity in or
der that poverty may be Danish
ed from the home. They seek to
lay the foundation which. through
increased production, may give
the people a more bountifuI sun.
ply or the necessaries of life. af-
ford more leisure for the improve.
ment of the mind, the appreciation
OF the arts of music and litera.
ture, sculpture and painting, and
the beneficial enjoyment of out
door sports and recreation, en-.
large the resources which minister
to charity and by all these
means attempting to strengthen
the spiritual life of the Nation.
Fo.:u. D.I~a:o