Salt Lake Herald-Republican | 1918-08-30 | Page 2 | New Tax Ideas Are Ratified

I NEW TAX IDEAS f i 7 ARE RATIFIED l. l p m ar Chamber of Commerce of A U. U S. S Urges Imposts on Sugar Coffee v 11 Washington ashington as h i n g t lon on Au Aug 29 The Th The Chamber ot of Commerce of or the United States an announced announced an- an today toda that commercial an and 1 tiro trade or organizations had hall overwhelmingly overwhelm overwhelm- o ratified recommendations that Income tax rates should 1 be Increased 1 4 V and a n new high war ar profits tax created cre ere created ereo o ted in le revenue lenUe nUe legislation n now being framed The rhe expression of oC opinion was wa ob- ob 4 through h a referendum vote on eleven deven specific recommendations of oC a i 1 j 1 p committee on the financing of oC off f the war ivery ery proposal al was approved by more than titan 1100 votes voles and th the highest high high- est t number of ot negative e votes vote on an any I proposition was vas r. r recorded against t the suggestion that heavy hta tux taxes be Imposed Imposed Im lm- I posed on a few Cew articles of oC widespread 1 q consumption I 1 More than half hall the recommendations 5 relate to measures aSUr 9 which already alread have ha been heon embo embodied in the new lIew revenue bill h by the House wa ways s anI and means commit commit- te tee The proposals not Included In the draft of ot the tho new bill are arc as follows A 1 few fen regional boards of ot review appointed appointed appointed ap- ap pointed b by the time administrative authority author author- It Its ity should bo ho authorized with power T to make recommendations on appeals from preliminary IY assessments Some sr system should be devised for or equalization of ot federal taxes c so o as ns to protect the taxpayers a against overpayment overpayment over over- p payment of ot assessments through error or 01 Ignorance without their being re- re I 4 to make specific claim for tor re- re fund I TJ should be Imposed d Heavy ea taxes tates on ona a C few articles of or widespread con ump ump- lion Ion This was understood to refer to tot t such articles as al sugar an and coffee coHee 1 Hea Heavy taxes also lJ o should be laid on ona a selected list of oC war wal a extravagance Some new ne levies answering this dc dc- e- e such a as those on articles of or clothing costing more mon than specified d w. w amounts have e been established In the hill hili