The Skyland post. [volume] (West Jefferson, N.C.) 193?-1988, 1942-07-23

TWO TO LQr0G LlIIlSS do A1OSAA AAA
come tax next year as he did this
year, if the new tax bill, finally
approved by the ways and means
committee of the house of repre-
sentatives, becomes law.
1t is expected that there Will
be changes in the tax measure and
that there may be considerable
delay in its passage, but it Is
quite possible that the income tax
part may remain about as the
committee has written it. If II
does. a man with an income OF
$4,000 who has two dependents
would pay $172 as compared with
the $50 which he paid this year!
the man with an income OF $o'ooO
and two dependents would pay
$50 instead of $271 and the man
with an income of $4,000 would
nav $3.50 instead of silly.
The proposal to limit incomes
to S25, 900, which has been pushed
by labor leaders, was dropped by
the committee, although the tax
on big incomes is now so high
that a man would have to earn o.
yer $4,000 a year to keep an IN
come of $3.50 and if his income
was 100000 he would only be a
BILE to keep around $4,000 OF 1t.
That, of course, is before consld-
Grafton of state and other taxes,
so that it is quite likely that the
man of 100000 income would not
be able to retain more than $25,-
900.
The bill lowers exemptions so
that any single person earning
$500 instead of $3.50, and any
married man earning 1000 in
stead of $1,000 would be subject
to a tax.
Although the new income tax
es are very high, the tax bill IN
which they are included comes
far short of the minimum amount
which the secretary of the treas
ury said should be collected IN
taxes this year.
In addition to Individual in
come taxes, which, it is estimated
would yield approximately So,-
900, 100000, the new revenue Dill
also calls for about $4,000 O,OOO
from corporation taxes and SoOO,-
100000 from excise taxes.
More costly to the people than
income tax will be initiation, 1t is
the belief of many here, unless
Leon Henderson and his Office OF
Price Administration, are per
mitted to carry on with their
price control program. Although
the OPA was created by congress
sional action, and although there
are few in either house who Will
denv that price control is essen
tial to keep prices from skyrock-
citing, both the house and senate
are still refusing to give Mr.. Hen
derson the funds he claims ne
must have to carry on.
It is evident here that this cut
in OPA funds has nothing to DO
with an economy move on the
part of congress but is being MADE
to punish Mr.. Henderson for not
appointing the men the politicians
wanted for OPA jobs.
In a statement explaining that
the OPA would lose all control
over prices if it is curbed as con-
gress has proposed, Mr.. Hender-
son emphasizes his stand on the
political angle when he said:
eve have attempted and are
attempting to recruit loyal and
competent Americans strictly in
accordance with the price control
act which specifies that all ap-
pointments shall be on the basis
of merit an deficiency and that
mo political test Or qualification
shall be permitted or given con-
sideration. Evidently congress
is annoyed because the head of
the OPA took seriously those
clauses which congress wrote
merely for window-dressing.
Mr.. Henderson is greatly dis
turbed oyer amendments approx
ed by the senate committee on ap-
preparations which would put the
appointment of all jobs calling
for salaries of over $4,000 in the
hands of the President and would
give the secretary of agriculture
the right to over-rule any price
regulation affecting a product
made from farm commodities. On
the amendment to give Secretary
Wickard control over prices relat-
ed to farm goods, Mr.. Henderson
said:
''The amendment in question
was drafted and proposed by the
American Farm Bureau Fedora
ton. It is part of co-ordinated
program by that organization to
destroy effective price control,
- oo1,, IN fory,o oorono O6itinc