Salt Lake Telegram | 1938-11-23 | Page 3 | Senator King Sees Possibility of 'War Taxes' next Congress

i t Senator King Icing Sees Sees' Possibility Of War Taxes' Taxes Next Congress I WASHINGTON Nov 23 UP PI j Senator King D. D Utah said today may have to consider consid r some form of war taxes to help finance the projected armament program King a member of the senate fi finance finance finance fi- fi nance committee said said such levies might be in the form of additional nuisance t taxes on luxury and I consumer goods There would be a great deal of objection he said and the taxes would be very unpopular But there I are not many s sources left from rOOn which h revenue revenue can c'an can be raised The income taxes on corporations and I individuals and the excise taxes on manufacturers already are high King s said id that unless some some additional additional additional addi addi- revenue is raised armament expenditures may push the deficit above in the next fiscal fiscal fiscal fis fis- fis- fis cal year A deficit deficit- of has been estimated by treasury experts experts experts ex ex- ex- ex for this fiscal year