The Ely miner., 1935-04-26
1(l)obIi'ia2'9t| 9t|S1jqa(k
National Topics Interpreted "a G1ZI15
by William Bruckart TTTT1TTHpZ
ationalP D. C.

bill proposes first to limit the amount
Of income which that corporation may
receive and to tax half of the re-
mainder. The result is that income
from tax-exempt securities would be
mingled with other forms of income
and the government would dip its hand
into the total and take whatever
amount the law prescribed.
Another provision of the bill would
result in government confiscation In
wartime of every dollar of income that
any official of any corporation, COM
pany or partnership received in excess
of $4,000 per year. 1t is to be re-
membered here that the above-men-
toned $4,000 would not be tax-ex-
empt. Those drawing such salaries still
would have to pay the government
$500 in taxes on the $4,000 income.
In other words, since nearly every one
receiving salaries Of this size serves
In an official capacity with some COM
mercial unit, the tax provision actually
reaches nearly all of the individual In
come tax payers.
Certainly, the drastic rates affect all
persons receiving any income of con-
sequence because there is a sharp re-
ductiOn In the personal exemption pre-
scribed and the tax rates themselves
are boosted higher than a kite. For
instance, a married man with an in
come Of $4,000 year would have to
pay a minimum of $500 to the govern
ment Immediately If war were de-
clared.
Notwithstanding the enthusiasm with
which this bill is being pushed by the
committee members, there is apprehen-
sion among them that its drastic pro-
visions will not last in event Of war.
1t Is possible that in another year con-
gress may enact such legislation for
| wartime use but 1 am told in many
quarters that if war were voted by
congress, about the first thing to be
be to repeal such tax legislation and
| enact something that would be work
able and that would be an inducement
for commerce and industry to devote
its facilities and capacity to prosecu-
ton of hostilities.
The lethargy that continues among
| national Republican leaders is begin
ming to grow irksome
Criticize upon minor wheel
Leaders horses and individual
Republicans of lesser
consequence in national affairs Word
| is coming through to Washington from
various sections of the country indi-
eating considerable dissatisfaction with
| the management of Republican party
affairs by the present regime, headed
by Henry P. Fletcher, national chair
man. There is likewise growing vol
ume of criticism of the work of Sena-
tor Hastings of Delaware, and Repre-
sentative Bolton of Ohio, joint chair
| men Of the Republican-senatorial-
gressional committee. Specifically, at
least, it appears that the Republican
pot is about to boil over.
1 don't believe anybody can forecast
| at this time what the result is going
| to be. 1t should be said in favor of
| Mr.. Fletcher and Co-Chairmen Hast
| ings and Bolton that they are in a
| tough spot They are criticized if they
do and criticized If they don't. Yet the
| fact remains and / think it is recog-
nized everywhere that none of these
three has taken positive position nor
| has he initiated any constructive effort
in behalf of his party's political fu-
ture
From among Republicans who yet
| remain in congress, have picked up
| much private discussion indicating
fear on their part that the Republican
party management is faced with an
upheaval equivalent to the Roosevelt
New Deal among the Democrats unless
| the party leaders awaken from their
| unperturbed sleep. The point made
most frequently is that President
Roosevelt actually has inaugurated his
campaign for reelection, and the Re-
publicans are doing absolutely moth
| ing about 1t. 1t is well to recall that
Postmaster General Farley is planning
to retire-just when nobody knows
to devote his attention to his other
job which is chairman of the Demo-
cratic national committee. This infOr-
| nation can be construed in only one
way now that Mr.. Fletcher is getting
ready to take his seat again at the
helm of the campaign machine. Some
of the smarter Republicans insist that
this should be notice to the guiding
lights of their own party to begin con-
struction of political trenches.
Something may come of the Repub-
lican sectional meetings now being
planned. 1t is just possible that out
Of these group discussions may be
evolved some national program, or the
makings of a national policy. 1t is
| likewise possible that from these group
discussions some individual may arise
who would be a worthwhile leader for
| the party against Mr.. Roosevelt next
year. To date, according to all of the
| information I can obtain, that leader
| is not in sight Senator Arthur Van
denberg of Michigan, who was re-
| elected to the senate last year In the
midst of a Democratic landslide, has
| been suggested. On the other hand,
wise politicians tell me that because
| Senator Vandenberg has been men
| toned thus early, he is likely to be
| out of the running when the conven-
ton time comes because in politics it
is the early bird who catches the curse
| instead of the worm.
But to forget the weaknesses of the
Republicans in leadership does not
| oouSo ono to forget tho naInahJo fail.