Salt Lake Telegram | 1935-11-20 | Page 2 | Tax Setup Hit by Morgenthau

TAX SETUP HIT BY WASHINGTON Nov 20 UP Ap UP-Ap- Ap- Ap lauding President Roosevelt's plan planor for or a national tax conference Secretary Sec See told the United States Conference of Mayors today that hat overlapping tax systems Inmany Inmany in inmany many cases have made the tho cost of collection far tar in excess of ot what we collected He sai said he was looking forward to full discussion of the problem with ith the mayors and other public officials at tIle the meeting this winter I 1 dont don't suppose there is a more important question question facing government government government govern govern- ment of officials tic s municipal state or federal There must be outlined certain zones of oC taxes some exclusively for cities some for counties some for Cor states and some for tor the federal government gov gov- He thanked the mayors for per cent cooperation given the narcotics narcotics nar- nar bureau and other law enforcement enforcement enforcement en en- agencies in the treasury said the federal governments government's governments government's gov gov- eminent's leadership in pressing for reduction of interest rates had been reflected In lower rates for the smaller governmental units His first treasury borrowing was wasat wasat wasat at 2 i 2 per cent interest he said adding Now SNow I can get It easily for tor three- three eighths of 1 per cent