The Skyland post. [volume] (West Jefferson, N.C.) 193?-1988, 1943-01-21
'".'wtt. WASHINGTON
a1IE: m mR

department estimates indicate
that the national income during
1943 will go up to 100 billion dol
lars although the total value OF
all available consumer goods will
be II billion. Thus they figure
that there will be an excess or
inflationary income of So billion
which must be forced into saw
ings or into taxes.
It is expected, however, that
before the year is out legislation
will have been put through for
the government to collect a siza-
BILE portion of this excess. The
present tax program will probab-
ly bring in close to 80 billion and
efforts will be made to put
through as much as Is million
additional in taxes during the
year. New taxes will probably be
put though on the pay-as-you-go
basis and it seems likely that the
1912 taxes will also be shifted to
a pay-as-you-go plan on 1943 in
come.
Although there is nothing def
mite yet on the 1913 tax plan, the
Presidents budget requests plus
the recommendations and opinions
of members of the senate and
house finance committees, indi-
cate that the tax program for
1913 will be something like this:
On March Is we will all be re-
quired to pay the first installment
of our tax on 1912 income; the
taxes for the other three quarters
will be dropped or postponed I'M
til after the war and a pay-as-
you go tax on income for the last
nine months of 1913 will be sub
stituted; the Vicory tax will be
increased to 10 per cent, also to
be paid on a pay-as-you-go basis,
but the additional 5 per cent will
count as savings and will be re-
turned after the war; the Victory
tax will be expanded to cover
the gross income of businesses of
all kinds.
Although there are innumer-
able tax suggestions now before
the house and senate committees,
the above are the proposals which
seem to be getting the greatest
attention at this time.
1t is also possible that legisla-
ton will be passed to legalize the
sale of postwar priority purchase
certificates which would give
purchasers first claim on the
automobiles and other products
which they will want delivered
to them after the war. This would
amount to paving installments
now on goods which we know we
will want as soon as the war ends.
The plan has been endorsed by
Leon Henderson and is known to
be getting a favorable reaction
from both congressman and man
ufacturers.
This and many other postwar
plans are now getting increased
consideration because of the Pres
ident's statement that the war
might possibly end in 1914. In
making that statement the Presl-
dent said that he wasn't making
any predictions, but it was widely
interpreted here as meaning that
the president expects the war to
end in 1914 and is planning the
war program with this goal in
view.
The Office of Price Admins
tration here is being flooded with
mail from eastern states lnqulr-
ing about just what is and isn't
legal under the new mo pleasure
driving" ruling which is now in
force in II eastern states. Officials
of OPA say they are receiving
few complaints about the drastic
curb on automobile driving, but
the people in the East want more
definite information on just what
they can and can't do and want
to know how the ruling is going
to be enforced. Series of questions
and answers are being released
by the OPA to clarity the situa-
ton, most of the answers being
based on the original test rule
eff it's fun, it's out"
Because of the tremendous job
which OPA is tackling for 1913
by far the biggest job being
the operation of the point system
for the purchase Of food-it is
expected that congress will allow
OPA a much larger appropriation
this year than it did in1942. With
its present funds it is clearly i'm
possible for OPA to do even a
halfway job of enforcement of
it's regulations and it is feared
that black markets will develop
on huge scale unless adequate
funds are provided.
Although it is agreed that the
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