Show nON jON OX ll B. B COLTON DISAPPOINTED TED IN IX INCOME TAX IJA LAW n- n Congressman Don B. B Colton was wasa a visitor in the state senate where he occupied a seat beside President McKay l He took occasion d during the visit the visit to speak briefly to the senators sena sena- tars tors and emphasized the necessity for fOl sanity In in legislation He sa saM said d that American principles are now being being be be- ing lug put to the time test und land that that much depended upon legislators as to the manner in which they survived It frequently happens Congressman Congress Congress- ma man Colton said that at the time legislative measures are In process of or construction they appear to possess much importance but as time passes pass pass- es such measures dwindle in their value and fan fall to come up to Discussing the federal income Income- tax tho the speaker said ald that In theory the tax is correct but that it is not working out as It should Each year fewer large Incomes are being taxed taxed taxed tax tax- ed while the proportion on or smaller incomes which are taxed is steadily increasing He explained that the i large rge Issues of tax exempt securities securities securities ties which are available for Investors are arc responsible for the decrease in tax lax revenues from large large- Incomes 0 o |