OCR Text |
Show national insol'.'en. . Under c-iiiisfiUoiit l.iisi in- s liepi"-;- Sl'oil till; pre, eel e.''..o;,s ,i;)l!l.l lax. high sui'i axes and luxury la.'.es v. ill not produce revenues, and I'uwui ment cannot r iy upoi tli-w as a permanent per-manent piere-t i;;ie (o!ic7. The n.'M se'sion of ('ir.si'r-s '.in be compelled lo lake up Hie prone ::' of a revision of foderel taxation lio.u the standpoint in' 1 iacin;'; a pr'niiura j upon industrial producCon l.iilicr than penalizing in i; ia I i va. ! 1 lODKKAI, TAX KEVISIOX. While the press and the people are struggling over the details of the groat national political campaign, business moil are working on a plan of federal taxation that shall displace , tho present inequitable system. , A committee ot seventeen gentlemen gentle-men who are heads of large mercantile mercan-tile and manufacturing organizations, and representative of the nation's best interests, has charge of the proposed pro-posed changes. Surely these American leaders can have no interest in business conditions condi-tions that are going to work a great hardship on anyone and Congress, and the people who are really the power back of Congress can well listen. lis-ten. These men believe that the excess piv:';is ta:; and the high surtax are business killers, driving investors :v a - i ro.n productive industry , and into making all their investments in tax exeir.pt securities. They propose a re-arrangement of the present high and direct burden on business, some plan to set business - ' i -ease production and to re-i'.iat re-i'.iat are now artificially . i ed ey shunt ing taxes. tt' iiisi urbed surplus encour-- encour-- e :ravagant dividends, stops the ' of industrial plants and in- i! production, and will event-'1 event-'1 our courtry into an era of |