OCR Text |
Show ACCOUNTABLE TO THE PEOPLE Strange as it may seem, there is a determined fight in Congress to prevent the adoption of the Treasury Department's program for tax reduction. The only excuse for this opposition is that the reduction re-duction would "benefit the rich." Secretary Mellon has clearly shown that under our present system the rich invest in tax-exempt bonds and pay no taxes whatever, what-ever, because they will not put their money in productive enterprise any pay over in taxes half the income they receive. Opponents of the tax reduction measure are playing the cheapest cheap-est kind of politics. Taxpayers will gain relief only as they demand and insist upon it. Officials who fight tax reduction on no better ground than that it "benefit the rich" are too narrow-minded to be representatives of the people. If the present tax reduction bill is blocked and no equally good substitute adopted, the people should hold their representatives strictly accountable for an annual loss of over $300,000,000 which will be the cost of playing politics with the Mellon tax reduction measure. |