| Show REFERS TO MELLON PLAN the issue between the president and the democratic party la Is not one of tax reduction or of 0 the conservation ot of capital it Is an issue of relative burden ot of taxation andoe and of the distribution of capital as affected by the taxation of income the president still stands on the so called mellon italian plan which ilia his party has just refused to indorse or mention in its platform the income tax was intended as a tax upon wealth it was not intended to take from the poor any part of tile the necessities of 0 life we hold that th the fairest tax with which to raise revenue reveau for the federal government la 13 the in corn coria e tax we favor a graduated tax upon incomes so adjusted as to lay the burdens of government on tile the taxpayers in to the benefits they enjoy and their ability to pay we oppose the so called nuisance taxes sales taxes and alt all other forms form 3 a of f taxation that unfairly shift to the consumer the burdens of taxation we refer to the democratic Democrat le revenue measure passed by the last congress as distinguished from the mellon tax plan as an illustration of the policy of at the democratic party we first made anada a flat reduction of 25 per cent upon the tax of al a incomes payable this year and then we so changed chanced the proposed mellon plan as to eliminate taxes upon the poor re ra ducan them upon moderate incomes and in a lesser degree decree upon the incomes of multimillion alres we hold that all taxes are unnecessarily high and pledge ourselves to further reductions we denounce the mellon plan as a device to relieve multimillionaires multi millionaires at the expense of other taxpayers taxpayer and wn accept the issue of taxation tendered ton d ered by president coolidge |
