Show lj l f FINANCIAL BRUTALITY t I J Britain had bad its day of 01 financial reckoning t on March 19 The Socialist government intro intro- introduced its new budget and its new taxes The Ehe pres press caned called it a brutal budget It is that But it Is remarkable In one particular which the man in the street in this country may find The Socialist govern ment carefully avoided soaking the rich 10 to raise the vast amount of new tax money pit it I needed to pay Britain's creditors Not a penny additional win will come ome from corporation I or capital gains capital gains taxes nor was th the ordin ordinary ry personal income tax increased The only soak measure In the whole tax r gram Ls is a special year one levy on income from investments And that's a progressive tax on investment income above So where did the Socialists go for the taxes To the working man There will be a 14 4 cent cent increase in taxes on each g gallon llon of gas gas- gasoline gas ioline oline which now will wi cost something like 56 cents Cigarettes which sell at 60 cents n a pack will go up another 2 cents And there will be special taxes on liquor and wine candy and andIce andice Ice cream refrigerators washing machines television sets and fantastic purchase taxes on such Items as cameras phonograph rec- rec records records perfume and su such h luxury Items Of course the automobile owner will be milked hell he'll pay 60 00 for a license instead of 42 and anda a 33 percent purchase t tax x when he buys a new car Just to make sure that the tax tax- taxpayer taxpayer payer doesn't get unhealthy ideas when he ha finds his pockets bare the Wilson govern govern- government ment plans to limit wages to a 35 percent In- In Increase Increase crease in any year with the same percentage limitations on dividends and commodity prices The experts say that this monstrous pro pro- program gram will increase the governments government's revenues 85 percent The same European bankers bankers who Insisted on such a tax program In Britain to stabilize the pound are saying openly that a new tax program of similar brutality is necessary in inthe inthe the United States if the dollar is to be saved Its It's pointed out that President Johnsons Johnson's pro pro- proposed posed 10 percent income tax surcharge will raise only 9 billion when at least 13 billion billionis is rewired required And whether you like It or not those European bankers who hold all those dollars will have their way They're in a position to dictate what the tax programs in the United States will be Were We're in no position to argue |