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Show B j THE DEMOCRATS AND BBBBj THE INCOME TAX H J The newly granted power of Congress to levy H 11 r. Incomo tax promises to be somewhat umb.trraic H sing to President Wilson mid tlio other Democrat- H lc lcadcrH who have promised that "no Industry B shall bo Injured" by Tariff reduction that only H the "unnecessary" part of Tariff rates shall bo ro- BBBB BBBB It is no secret that tlio more conservative BBBB IiemocratH hoped tlio Income tax amendment would B not be ratified until they had their Tariff bill near- BBBB ly or quite through Congress. Then they could BBBJ plead tlio need of revenue ns a bar to tho drastic BBBJ . und destructive proposals of the Frco Trado wing BBBB of their own party. BBBJ Hut tho Income tax powers has been given, and BBBJ not only the Frco Traders are demanding still BBBJ lower Tariff schedules. Congressman of Soclalls- BBBJ tic tendencies seo In tho Incomo tax a powerful BBBJ weapon of attack on "capitalists" and "capitalism" BBBJ and an omcnclous mothod of reducing what Mr. BBBJ Roosevelt haa been pleased to term "swollen 'for- BBBJ BBBJ It was originally figured thut a 1 per cent tax BBBJ on Incomes of $5,000 and upward would, with the BBBJ present corporation tax, bring In about $100,000,000 BBBJ n year, which would just about replaco tho loss of BBBJ revenuo from putting lumber and raw sugar on tho BBBJ free list and Incidentally destroying the beet BBBJ sugar Industry of Republican states and making a BBH gladsomo holiday for the Sugar Refinery Trust, BBBJ under pretense of "tnxlng a tax off the poor man's BBBJ breakfast tnble." BBBJ Hut now comes Iteprcscntatlvo Subboth, of BBBJ- Illlnole, with n proposal for a tax of 2 per cent on BBBJ1 Incomes of $3,000 and running up to 5 per cent or BBBt even 10 per cent, on larger incomes. Such a mca- BBBJ sure would swell tho rovonuo about $250,000,000 a BBBJ' year, and it would tako n lot of Tariff slashing or BBBJ a saturnalia of reckless expenditure to equal that BBBJ' sum or to get away with the revenuo that would HHHt lie BBBP There uio other members of Congieux, Demo- BBBf rrats and Progressives, who would go even further BBBF ! than Mr. Sabboth who do not conceal their hopes BBBL) of oven a 50 per cent tax on the very biggest In- BBBl- comes, thus speedily abating tho "menace" of these BBBi "swollen fortunes. " BBBJ' , The prospects of the American manufacturer BBBj between tho Tariff reducers on ono sldo and tho BBBj income taxcrs on the other seem far from rosy. If BBBj both have their way ho will bo mulcted going and BBBk coming. Nor can tho prospect of loss of work and BBBj wages through practical odolitlon of Protection bo BBBJ pleasing to tho manufacturer's employes. BBBj! Altogether It is evident that Mr. Wilson and BBB other rational Democrats will have their handa full BBB In preventing tlio radicals of their own household BBB from producing conditions that will mako certain BBB Democratic defeat In 191C. |