Evening star., 1942-10-19

but IL is plea 1Or HONESIY IN taxes.
IT'S PLEA FOR TAXES FOR REVENUE ONLY
NOT FOR POLITICS OR CLASS WARFARE.
TO WIN THIS WAR WE MUST PAY FOR IT.
WE CAN'T FIGHT THE CLASS WAR-AND THE AXIS
AT THE SAME TIME.
We can't tax business people dishonesty and expect
them to produce willingly.
We can't coniscate INCOME in democracy without
confscatng and destroying those PRODUCERS of income
INITIATIVE and REWARD.
IMPENDING FINANCIAL DISASTER
The Federal debt at the end of the fiscal year, June 30
1912, TN billion.
Apply the revenue of the present proposed bill to the
money already projected and otherwise and the
debt at June 30 1943 will stand at approximately 1876 billion
No project the in Federal debt for the
nscal year ending June 80, 1914.
Expenditures already planned and appropriated stand
to exceed by far the 80 billion to be spent in the current
fiscal year.
Even with the increased revenue of billion the Treas
y asks, the bill pending 1914 Federal deficit will
exceed 1943 deficit of SO billion.
Federal 1914 deficit may we'll exceed 100 billion to make
the total Federal debt ESQ billion.
CONSERVATIVE ESTIMATE WOULD PLACE 1914
FEDERAL DEBT June 80, 1944) at 225 to $50 BILLION
DOLLARS.
TOTAL NATIONAL WEALTH, including public prop
ery and not deducng State government debt
was estimated at $50 billion dollars in 194O
Thus the FEDERAL debt stands to be on June 80 1884,
IS to 10 cent of the total national wealth of 1940
Seldom if ever the history of the world has nation
large small contended with such debt in propor-
ton to total wealth.
Great Britain in three years of war has spent for
40 billion dollars.
In three years of war; the United States may well spend
under present plans, 200 to 300 billion dollars.
THERE ARE NO YARDsTICKs TO INDICATE
WHETHER OR NOT SUCH DEBT AS THE ONE WE
FACE CAN BE PAID.
Nor we know the will with the Federal fiscal
year of June &c. 1914
VERIFY THIS IS NO TIME FOR ANY MOVE WHAT
EVER-FOR REVENUE OR OTHERWISE
NOT DIRECTED SOLELY AND sINGLY TO WINNING
THE WAR;
Ajax PLAN TO FIGHT AND WIN THE WAR
To win this must have tax bill FOR REVENUE
ONLY
bill which will encourage every corporation business
and ndvidual-to PRODUCE TAXABLE 1NCOME-NOT
DISCOURAGE 1T.
1t must eliminate dishonest tax labels and phoney for
muae, which insult the taxpayers intelligence and his
honor in the. war.
THE PEOPLE MUST BE TOLD THE TRUTH about
they have pay sveat" hey already about
the blood and tears) TO WIN THIS WAR
IT, in addition other taxes this means SALES"
PURCHASE" TAX, ADOPT IT
BY WHATEVER NAME TO THE TREASURY,
"SMELLS THE SWEETER"
the normal and surax rates corporations
but make the "excess profits tax hones-not phoney
Thus the "excess profits" tax is made bona de REGU
LAR SOURCE of revenue not device to se and
fool the people
Make the tax the higher personal brackets such
will leave an INCENTIVE to PRODUCE HIGH BRACKET
INCOME TAXES
Eliminate all such trick schemes No. 215 in the
rent Senate BILL which penalze, in the of taxing
legitimate expansion efforts of corporations persons
Tax the big union chests like any other corpora
tions income, relaxing THE PRESSURE these big chests
are exerting on Government at
Eliminate the "horse trading in Congress which creates
scandals the depletion allowances in the present
bill.
Let Senate House, and the President realize the MEAN
ING this of survival and rise to the full stature of the
country's total crss-in tax and all legislation.
FINALLY, make immediate transition TO PAY AS
WE Federal tax plan all personal taxes effective for
the entire year 1943.
This only can be done by "forgiving" year Of tax
charges-to gain SOLVENT TAXPAYING NATION.
Do this for the small taxpayer, to enable him to pay
WHAT HE HAS TO PAY-and to his bond subscrip-
tions his self-respect and his MORALE IN THE WAR
Do this FOR THE LARGE TAxPAYER-TO ENABLE
HIM TO PAY MORE TAX
and in spite of the opposition OF the Treasury to help
~ No %Ioelo