The people's voice. [volume] (Helena, Mont.) 1939-1969, 1945-07-06
NTEA P0STP0NES
THEIR v-DAY
ONCE MORE

CHlCAGO.-N-Ddy LOT LAX equdl-
ity" has been postponed again. No
definite date has been set but con-
tributors to the National Tax Equality
Associations war chest are being con-
ditioned to the idea that 1916 is going
to be the year that brings victory in
their war on the farmer co-ops. In
this connection the progress of the
thought of the campaigns master
minds is of interest On Oct. 81, 1914,
NTEA filed with the Republican Post
war Tax Study Committee a brief
on TAX Exempt Co-operatives" in
which demand was made for "imme-
diate" imposition of federal income
and excess profits taxes on coop
earnings"
Two months later contributing sup
porters were informed that there'd be
a delay on account of a "CIOridden
Congress-"
In May of this year word was
passed out from Chicago CHIC of
the "kill-the-co-ops" crusaders that
there would be still more delay. In
a Bulletin to Members" Chairman
Doughton of the house ways and
means committee was quoted as say
ing 81 don't believe we ought to raise
taxes, while President Truman's at
titude was inferentially indicated by
reference to his demand for seven
billion dollar reduction in the ma
tional budget.
Then came the "Reply to NTEA
Propaganda" filed by the National
Association of Co-operatives in April
with the house ways and mean com
mittee and the house committee on
small business, which forced a COM
plete overhauling of NTEA's tax
equality" line. On top of that came
Victor Emanuels memorandum on the
controversy which caused further
fearful havoc to NTEA's expectation
of support from thinking business
men.
Scanning the skies for some rain
bow of promise NTEA's famous ere
search" experts examined the pro-
ceedings of the Canadian Royal Com
missions hearings on the Dominion
co-operatives. Apparently nothing en-
couraging was discovered, for in an
other Bulletin to Members, labeled
in red ink, Important" contributors
were cautioned not to become over
optimistic. The outcome, they were
informed, might swing to NTEAs adj
vantage, and again, it might not
Some talk has been heard about
the possibility of a rider" on the
interim tax bill now under considera-
ton in congress. The hardware mems
division of the tax equality" army
thinks this might turn the TRICK of |
getting taxes imposed on the GOODS. |
NTEA, however, is saying nothing
about that for publication. Here's
what they do say in their June
Bulletin to Members:
"The Congressional Joint Commit
tees tax experts are drafting the in
term tax bill which, it is unofficially
estimated, will improve the cash posi-
ton of business during the reconver- ,
sion by $5.7 billions Raising exemp-
ion for excess profits calculation
rom $4,000 to $4,000 will reduce
he number of corporations liable to
his tax from $1,000 to 10000 and
will cost the Treasury about $780,
100000 of revenue in 1916 - WHICH
MUST THEN BE RAISED FROM
OTHER SOURCES. Gaps ours)
Apparently there will be no other
federal tax bill this year, although
studies looking to 1916
changes are now under way. High
on the list of such studies are cor
porate income tax, double taxation and
taxation of cooperative earnings"