OCR Text |
Show MELLON HITS TAXATION The Secretary of the Treasury is not a bit less shy than Vice-President Dawes in going out and advocat- ing his ideas about taxation and what is best for all concerned. He shows his courage by invading Dixie, talking to the people of the South where he expects the greatest opposition to his ideas in the next Congress. He is not going to enter the category cate-gory of oratory and windjammers but speaks in a plain conversational voice. He is emphatic that any tax j bill drawn on "soak-th-rich" lines will never, accomplish the expected soaking. The effect of such laws has been to put a premium on withdrawing money from activity and investing it out of reach of the soakers in tax exempt bonds. |