Show CUT TAXES TO 44 INCREASE T congressman madden of the douset committee on appropriations proposes a revision of income taxes downward all the way from the smallest taxable income to the largest secretary mellon backed elimination of the ex cess profits tax and reduction of the surtax experience has proven that ther government would receive a greater total tax income from the reduced tax the higher taxes drove capital into tax exempt securities As long as high income taxes tend to drive otherwise productive capital into tax exempt securities it may not be reach ed at the same time this stimulation of the sale of tax exempt cecur ites in adding to taxpayers burdens by increasing local and state taxes |