Show 11 1 A Billion Dollar Tax Tai On Tuesday of this week the tax bill was passed by congress and immediately it was signed by President Hoover It was the most drastic and far reaching tax bill that was ever passed in this country except during war times This bill is the result of extravagance and foolishness in government But under the it seems to have been necessary to balance the budget budget budget-a a budget ma made e necessary by governmental folly and largely by the folly of the people at home generally generally- for the people are largely are largely to blame for the extravagance extra of government government government govern govern- ment and its follies In this tax bill there was a high tariff injected in the bill to apply to copper coal oil oU and lumber The tariff part was not a revenue measure That Is it is estimated that the tariff will bring about 6 million dollars into the treasury treasury treasury treas treas- ury but Walter Valter Lippman a noted note economic writer says that tl this this' s' s will be more than offset by a loss to trade which would net a larger larger larger lar lar- lar- lar ger tariff on commodities that will be prohibited to our trade by this high tariff on copper coal oil oll and Let us be honest and let us be sound Bound The high tariffs crosscut both political parties In this coun coun- try Utah Is crazy about a high tariff on copper Washington and Oregon want a high tariff on lumber Pennsylvania and West Vest Virginia want a a. high tariff on coal and Texas and other states want ant a high tariff on oil and so 50 It goes g You vote for me and Ill I'll vote for you So all aU together they shut 0 off foreign commerce and down goes business and we thus lose the foreign commerce that takes our surplus products and the whole country is badly damaged That is the prime cause of our depression and the depression depression depression depres depres- sion of the whole world and other countries are getting even with us by putting putting- up high tariffs against against a a- us which hurt us and the world and paralyzes business ret Let et us hope that at the coming national presidential conventions one party of the other will speak in no uncertain tones against all an high and prohibitive tariffs H TT |