| Show 40 X 46 jt I 1 av UA friendship is the only cement that will ever hold the world together woodrow wilson ONT PLAY GAME destruction the administration recently slashed its pro ased tax increases for or the next fiscal year by a Ib amount this followed a growing dis chifa cli nation tion on the part of the people and therefore congress to arbitrarily raise taxes in every direct ti regardless of the effect on our living standards id our productive energies any new tax bill must be drafted with the ut abst care and it must not be passed until the whole structure of gohei government ament finance has been a mined there must be the strongest possible on government economy as a first step ie american people will pay whatever taxes are ic essary for defense and essential domestic acrivi is but they cannot be expected to pay more and re at a time when politics as usual dominates highel tel washington thinking furthermore the thoughtless drive to increase ertain special kinds of taxes out of all reason must curbed the capital gains tax is an example of Is it is now 25 per cent and the administration fe asked that it be raised by 50 per cent to 37 per at t it is true that relatively few taxpayers are with the problem of capital gains and tees for tax purposes yet this tax affects us all directly if it is placed at too high a level the jl result is S to discourage capital from enter r industry and then progress slows and our length as a nation is sapped the smaller enter ise rather than the big well financed corporation tes es the worst beating when that happens on top that hat past history shows that an excessive capital 6 ins ns t tax a x actually reduces government revenues from is source 1 one of the wisest things ever said is the r aver to tax is the power to destroy it was never ire re true than it is today |
