OCR Text |
Show m m m Criticism And Compliment The Revlow of Ileviews make a direct criticism on our present revenue reve-nue measure, chargingthat It la Inequitable, In-equitable, obscure and unworkable, and at the same time pays a distinct compliment to Senator Smoot and his proposed amendments. This popular pop-ular monthly says: ''On January 5, Senator Smoot, ot Utah, Introduced a series ot amendments amend-ments to the federal revenue law designed to mako it workable and equitable. His proposed changes would simplify and vastly Improve the excess profits action and would repeal also to the very unwise and unjust tone system ot second class postal rate Increase. His most Important Im-portant proposal Is to make the excess ex-cess profits tax truly an excess war profits tax by establishing a standard normal rate ot pre-war earning!. He arrives at this by taking the average aver-age of the five years before the war and taxing for 1917, any excess over this standard normal very heavily, up to 80 per cent in the last graduation. gradu-ation. Senator 8moot's plan if adopted, would change an Inequitable, Inequit-able, obscure and unworkable revenue reve-nue measure into a simple, Just and effective one. Senator' 8moots plan would raise mora money, at less ex-pease ex-pease and trouble and with less hardships to individuals and business." busi-ness." te Mi ta |