The Daily Alaska empire., 1947-07-09
Mir. Truman Throws a Boomerang
(NeW York Sum

Yes when President Truman vetoed the tax re- duction bill, he threw a boomerang which was a beaut!
 Although the President is left-handed, experts tell us that southpaw throw boomerang with great effect This particular one will gather force as it goes and in November of 1948, will come back with numbing effect to the place from which it started
 By this veto the President has made his choice between petty partisan politics on one hand and on the other butchers bill and the grocery bill of every worker for wages salary in the United States He pumped for partisan advantage.
 The difference does not involve peanut money.
 It affects the ake-home pay of not fewer than 48 100000 American citizens.
 As estimated in discussions before the Ways and Means Committee of the House of Representatives, the bill passed by Congress would mean an aggregate saving of $2 billions to taxoayers in l947 and S4 billions in 1948
 Citizen!
 Put another way, the bill would mean on the aver age that for the rest of 1947 each taxpayer could take home to his wife at least of the ten dollars now claimed from him by the Federal Treasury; that for the first half 1948 he could take home two of the ten smackers which then will be claimed from him.
 All this notwithstanding the probability that by the end of the present month the surplus in the Treasury will be anywhere from $1,25000O,O00 on up! Partisan Democratic strategy has decided that 1t would be bad politics to allow credit for any Huch reduction to accrue to a Republican Congress- that would be good politics to wait until next year when it might to the advantage of the next Demo- cratic candidate for the Presidency.
 Apparently MT. Trumans advisers have persuaded him into acceptance of the old hokum that the public memory is short that the people will be so happy over lower taxes next that they will forget all about excess taxes unnecessarily abstracted from their pocket books this year.
 The bill he has just vetoed is far more moderate than the one originally presented in the House of Representatives In general it provides for reduc- tion of 30 per cent on taxable income up to 5000; of 20 per cent on that between $1000 and $l36720; of 1O5 per cent on all higher income, Since all re- auctions would be effective only from July of this year. actual immediate reductions would be one-half those Full percentages would he effective on incomes for 1948 Any taxpayer who can add and subtract needs only pencil and the back of an envelope to figure out for himself what it cost him personally for the President of the United States to play party politics in anticpation of the presidential plebiscite in 1948.
 Whether Congress vii get mad at MT Truman fer thus interfering with it's control of the public purse-as a previous Congress got mad at Franklin D. Roosevelt for vetong revenue bill in l944-re- mains to be seen. Party loyalty may keep enough Democrats in line to prevent such recurrence. But whether it does not the Republicans in Con- gress and in the nation at large have every eason to expect practical results lot of taxpayers will be going to the polls in l948 determined to put end forever to what left of the Hopkns formula about taxing. spending and eectng.
 The President accompanies his veto measure with
 lot of choice rhetoric for which there is specific name in his native Missouri.
 Out there they call it soft sawder