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Show II. 8. TREASURY SAYS TAX REDUCTION INADVISABLE $8,000,000,000 to Be Raited on Thi t Year's Buine. y Associated Press. WASHINGTON, Nov. 14. Uncertainty Uncer-tainty of future government expenditures expendi-tures of policies for curtailment of war production makes It advisable, in the opinion of treasury official, that the taxes under tho pending revenue bill b not reduced materially below the $.2M. 000.000 carried by the measure an drafted In the senate. Secretary McAdoo haa prepared a survey of the government's financial situation as affcted by tha tormina-tion tormina-tion of hostilities. Most government departments, he found, were not able to forecast what reductions might be mads In their previous l estimates. Thla cannot be dona satisfactorily. It -was explained, until the government's policy pol-icy of canceling war contracta la defined. de-fined. Tha treasury now conaldera It unnecessary, un-necessary, it is said, to raise $8,000,-00 $8,000,-00 0.000 by taxation on this year's busi- ness. as provided by the revenue bill ! passed bv hs house. Since the senate) hsa reduced thla amount to about I. - 2&iiO0.0O0, the treasury la inclined to 1 be'jpve that ')! change should be ; made in this total. j Many minor revenue sources, such as stsmp taxes snd special" taxes on j different business Hues, which are difficult dif-ficult of administration and yield comparatively com-paratively little revenue might be abolished without great reduction in the total tax burden. Whatever sum may be cut off aa axe, treasury officiate point out, must be raised by laaue of bonds. Consequently Con-sequently tha amount which must be forthcoming next year will not bo affected. |