Salt Lake Telegram | 1941-02-14 | Page 5 | Solons Urge Tax Hike in Debt Bill Debate

Solons Urge Tax Hike 1 a In Debt ix I Bill Deb Debate I te WASHINGTON Feb 14 AP The AP-The The senate Fr Friday day approved ap approved approved ap- ap proved an all increase in the national debt limit from to I I WASHINGTON Feb 14 UP UP Influential Democratic senators senators sen sen- Friday called for higher taxes a as the senate debated lifting Ithe he the federal debt limit to under conditions suggesting suggesting suggesting sug sug- gesting that of it may be intended for aiding for for- for I I eign governments I Senators Millard E E. E Tydings D. D Md Josiah W. W Bailey D. D N. N C. C and Prentiss M M. Brown D. D Mich voiced the demand for higher taxes to o stop the piling up of U U. U S. S in in- Brown floor leader for the bill billo billI to o increase the debt limit from I to explained that a leeway was included for treasury treasury treas treas- ury financing operations betWeen I now and July 1 I 1942 Senator Arthur H H. R R. Mich asked whether Secretary Secretary Secre Secre- tary ary of the Treasury Henry Mor Mor- testimony indicated that expenditures under the lend lend- lease ease bill would run in the neighborhood neighborhood neighborhood neigh neigh- of between now and July 1 1942 The senator can draw that conclusion conclusion conclusion con con- from the statements the secretary made and I I. I would say with considerable a c c cur u r a c cBrown y Brown replied However I dont don't want to be quoted here as saying that hat the secretary made the esti esti- mate Tydings said additional revenue should be raised immediately because because because be be- cause the ability of the people to o pay is higher now now than it willbe will willbe wille be e at any future time from our present outlook Bailey said that it was time for all citizens to make sacrifices and time ime to look toward the point when the U. U S. S debt limit would be reached