Show INCREASE IN INTERNAL TAXES SECRETARY mcadoo WOULD INCREASE TAXATION ON individual AND CORPORATE INCOME opposes issuance of bonds to meet first years expenses of national defense n would keep emergency tax and sugar duty wash washington ington indrea increases be s in internal taxation rather than issuance of 0 bonds to meet uie first years expenses of 0 the administrations defense program are re advocated by secretary mcadoo ot of the treasury in a formal statement issued thursday night giving an estimate of the federal governments reve and expenditures up to the end 0 the fiscal year beginning next july assuming that congress will continue in effect the present emergency tax law and customs duty on sugar the secretary estimates that 9 94 in additional revenue will be need ed for the expenditures tor for 1917 including for new measures tor for national defense this an amount says the statement can easily be raised by internal taxa tion without appreciable burdens upon the american people mr air mcadoo suggests a reduction in the income tax law baw exemption on single persons from to 2000 and on married persons from to changes in the surtax imposed on incomes above a certain figure and inow taxes on gasoline crude and refined oils horsepower of automobiles other inter ss combustion engines and various other gidings |