Show increase IN T ES SECRETARY mcadoo WOULD IN CREASE TAXATION ON UAL AND CORPORATE INCOME opposes issuance of bond to meet first year years expenses of national defense Program Would kep keep emergency tax and sugar duty washington increases in internal rather than issuance of bonds to meet the first yeara years expenses of the administrations defense program are advocated by secretary mcadoo of the treasury in a formal statement issued thursday night giving an esti mate ot of the federal govern governments menVa reve and end expenditures up to the end of the acal local year beginning next july assuming that congress will con dinue in effect the present emergency tax law and customs duty on sugar the secretary estimates that in additional revenue will be need ed for the expenditures for 1917 in eluding for new measures for national defense this amount says the statement can easily be raised by internal taxa tion without appreciable burdens upon the american people mr mcadoo suggests eug geita a reduction in the income tax law exemption on sin gle persona persons from to 2000 and on married persons from 1000 4 to ja changes in the surtax imposed on incomes above a certain figure and new vew taxes on gasoline crude and re fined oils horsepower of automobiles other internal combus combustion Uon engines and various other things |