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Show SECRETARY McADOO ON WAR TAXES , Tho. Ways and Mcand Commlttco ot tho lower hodse ot Congress is now considering rovenuo legislation. Secretary McAdoo favors a flat war profits tax of 80 per cent. In a telegram to Chairman Kltchln ho Bays':"' i . "It Is my strong conviction that tl)o taxation of, genuine war profits is .tho only way to, reach war profiteering pro-fiteering and that It is at tho same time .a thoroughly justifiable measure meas-ure upon .economic grounds as w)l as a certain and indispensable producer pro-ducer of a large part of the required revenue. ' I '"The 'patriotic producers of Am-erica' Am-erica' should be content if one-fifth' of their war 'profits are secured to them, especially when we reflect that'th' men' who are fighting and ! LI1W .II I dvlng In France to save tho llbcr- T"0t T?e Who 8ttty nt,lomP "'l wWualie poBslblo for .them to con-tmue con-tmue jjtunness arc limited, by net ot fOngress to $396 per year for their services and have' to give their blood in the bargain." |
