Show HOW ABOUT PRE ELECTION PROMISES for years years the cry has been raised let us have business men in public office one of the keenest business men in tle the world today is tle the present secretary of the treasury mr mellon has seen excessive surtaxes sur taxes drive capital out of productive enterprise into tax exempt bonds and instead of securing revenue from the rich the taxes which they have escaped by the tax exempted bond route have been made up by the citizens of ordinary means and industry which furnishes the employment of this nation in his tax reduction program see sec mellon is accused of reducing taxes of rich proportionately more than he be reduces the tax on smaller incomes the mere fact that he had the courage to make the greatest reduction where it was needed in order to bring cap capital tal out of hiding in tax exempt and thereby secure new sources oi of wealth the income from which would help bear the cost of government shows that lie ho is no politician that the mellon plan starts with a reduction of 25 per cent on incomes climbs to a reduction of 2924 per cent on incomes and ends with a reduction of per cent on million dollar incomes is seized upon by opponents of the treasurers Treasur ers plan as conclusive proof that it is merely in the inderst of big business they fail to see the clear reasoning that lies behind thi this s well worked out plan the ultimate aim of which is tom to make ak e taxable the greatest aggregate amount of wealth thereby dividing the tax bill among the greatest number of people why reduce an excessive surtax at all unless the reduction is sufficient to cause capital to enter productive business mr mellon has figured with mathematical nia certainty that in order to get large incomes into productive enterprise prise rather than into tax exempt a reduction of at least 30 to 45 per cent is necessary and that in order to secure sufficient revenue a greater reduction than 25 per cent is not possible on smaller incomes these figures are twisted around to confuse the average mind into thinking that the rich man is going to be taxed less than the poor man this is is not the case excessive surtaxes sur taxes are reduced a proportionately greater amour n the lower tax on smaller incomes but the persons with larger incomes are arc still paying a much greater percentage of tax than those with the smaller incomes mellons plan is such a one as a business man in politics would work out the substitutes which have been proposed are largely of the old political order which seek to gain popular favor by appealing to the greatest number of persons from a purely selfish standpoint politic has so far been able to kill a tax reduction program officials ir washington have practically all broken pre election pledges for tax reduction which is essential to continued pio prosperity in this nation can tho the people be fooled nit a the time 7 |