Salt Lake Telegram | 1938-11-22 | Page 1 | Easier Taxing Described as Spur to Jobs

EASIER TAXING DESCRIBED AS SPUR TO JOBS Help Employers Employers' to toMake toMake I Make Work Witness Witness Witness Wit Wit- ness Advises WASHINGTON Nov 22 AP Walter AP-Walter Walter D D. Fuller president president president dent of the Curtis Publishing company of Philadelphia suggested suggested suggested sug sug- to a senate committee to today today today to- to day that one way to 00 get the workers back to work was to allow their employers more liberal lib lib- liberal liberal lib lib- eral tax treatment He said specifically that companies companies com companies com com- should be allowed to charge off more for depreciation than present tax minima permit Industrial Industrial Indus- Indus trial rial plant extension would follow he ic contended in testimony before i the he group investigating incentive taxation profit sharing systems and related subjects I Senator R R. Mich a committee member asked You think then that it would be possible through incentive taxation adequately and properly framed to absorb a very large portion of ini in- in i u unemployment q 1 y Arees Completely I 1 agree e with every word you have said Fuller replied You still believe in the theory that if it is poured in the top it will trickle down to th the bottom 1 asked Chairman Herring D. D Iowa I think the most important thing we could do would be to get the workers back to work and then put more money in their pay envelope envelope envelope en en- the witness said Held Major Factor I Fuller said he believed that the thelow thelow thelow low rates of depreciation allowed under present tax laws have been a major factor in the delayed recovery re recovery recovery re- re covery covery of the capital goods indus indus- tries He cited the example of one company company company com com- pany which constructed an building 25 years ago and wished to replace it but found that it had been been allowed to charge off only to depreciation to date An Ohio steel executive told the committee the fairest way to divide the fruits of industrial progress was to pay good workmen extra wages for par above-par performance The witness George M M. Verity of the American Rolling Mills at Middletown Middletown Middletown Mid- Mid said he had found this system system system tem far superior to the practice of sharing company profits with all the workers I