The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1933-12-28
Chances in Taxation Set.Up
Will Be Worked Out in
Next Session
SPECIAL TAXES ELIMINATED
Plan Special Attack on Million
aires Dodging income Tax
Payments
By RODNEY DUICHER

Washington. Dec. 2s.-Boo.legsers
ard wealthy tax dodgers will be the
chief victims O: Congress when i.
works OF. changes IN taxation.
a. Least SO !. IS hoped. There also
IS some p-ospec. that the burden on
Persons With small incomes viii be
l.gh-ene5
Revised liquor taxes will be rushed
through early il ne session. Repeal
caught tie treasury with hard
liquor tax OF Only SLID gallon ard
TIA. figure IS likely 20 be doubled IN
&. et.o-. 10 increase revenues and
&c. the added federal profit" coming
II a: once.
Everyone hopes the tax viii be low
enough 10 allow legitimate industry 20
compete with the bootIeggers. Ho-
debate as 70 whether it can be done
:ray De anticipated.
Liquor Prices Studied
Liquor prices Will be sc-u-iraizeG
a-.5 Congress also will consider the
Issue Q. Liquor control.
Repeal automatically eliminates
about 5000 900 900 in special taxes
and as much more in nuisance levies
may be wiped on. az this session
The administration hopes TO raise
aoou. $500 900 900 through beer and
liquor taxes.
The normal budget will be balanced
n the fiscal year ls34-35. according
10 present plans with sizeab.e sur.
Plus eft over.
Hence no additional taxes or high.
e. rates are contemplated excep: az
20 liquor and as regards ucaaimou:
disposition to plug .ocpho!es revealed
las. summer. when !. vas learned tha'
j. p. Morgan and other millionaire:
weren't paving income taxes.
P-og-essives. however. will wage
another fight to soak the rich.
They would like higher inheritance
and big income rates. Some Of then
want to 90 after the SIS 600 900 600 O
.ax-exempt securities.
May Aid Small Incomes
TIE average tax-payi-g reader
however, vii be interested chiefly i
the -oposa.-e.do-sed bv oo-i
Treasury and House Ways and Mean
Commitree-to lower tax rates o.
earned incomes Of less than SIS 900.
This may mean restoration o
the pleasant privilege, granted unit.
this year, 0. deduction .! . pc
cent o. RE ordinary income tax as
credit for earned ,ncone-as dis
tingu.steG from income from invest
rrenls.
Chairman Doagh-on Of Ways an
Means has forecast a Th.sa: tax Q
between $40 ard SAD gallon. H
proposes that 20 or Is per cent .
returned TO states which agree not :
tax liquor by volume, co-+.a.1g them
selves 10 cccupa..oaal liquor taxes.
But 50 many have leaped into n
LIQUOR tax field imposing !eTiss c
, a dollar a gallon or more, that
probably will be some time betor
tha. issue OF double taxation
Strengthened out.
This matter Of .e6era.-s-ate taxa
ton has a direct bearing or the boot
; leg problem.
|. Sl.50 Whisky Favored
The whisky tax eventually may
! set a. 81 or even lover, since Cor
; gress probably Will bear II mind tss
states viii supe-.npose taxes OF the
!: own.
I There's a vague bl. general fee
ing here that pa.a.aole Whisky saou.
; become available a. $50 quart an
that such a rate should d.scourat
: boot.egging. Unless liquor prices q
! gin TO sink toward that figure, II
g vest!gatiors are promised.
: Sentiment also t:as arisen Tor Gu
ting the present IS gallon impo
duty on hard liquors 70 50 Or 81. r
struggle Over that proposal, as We
: as other LIQUOR measures vii. turnis
. an idea Of the strength Of the "Iqu
e .obbv" row tu.c-.oa.lg t.ere.
e Control Is Problem
Roosevelt. may be given dtcret.e
. 10 fix import duties on foreign wine
e LIQUORS. and beers IL reciprocal tra
!. ~)N