Show THE ISSUE IN 1920 it is not too car carl to predict that the prime issue isac of the tile next election mill be neither the leabo of nations nor military training it vill be retrenchment ant louver taws taxes and the people vill nican it tins this 14 the state mient of chairman grod arod of the tile louse appropriations committee the cry of all europe is for re facing bankruptcy lations abroad in buding great britain arc are being bivert by u r wae wai e of economic r form forin ta alre re are indications that this annave will swep over this thic 1 alsol also and submerge Bubmer po oil all other deni denials that of labor included for it idill ft ill dawn upon the masses that there bean an be no relief from the high cost of living until th the burden of v oppressive ve war taxes has been lightened at ig all well jahugh to co LF G 1 bounce tho corporations as profiteer and to pass the burden on oil to the the jobber the retailer the packers tho the cold storage plants plaats and the fanner famer but the fundamental cause of the high wt wat of living will be found in the tremendous burden of public expenditures and the appalling taxis workers and producers aro are called upon to pay existing taxes upon bi business siness and upon individuals arc are too heavy to be endured indefinitely mr otto 11 kahn in a study of taxation as a factor in high living cost u out that an exeas execs profit profits tax in peace time must not be confounded with a war profits tax in time of war tho the latter he lie holds to be sound economically omi cally and normally whereas i a very heavy excess profits tax in peace lime tends to hurt trade discourage enterprise and burden the public the united state states raised during the two eara ears of aar by taxation between forty and fifty per cent of our total war expenditures no other country approached that record great britain which came nearest to us in this regard has taken to reduce the war profits tax 50 per cent since ti tie e present high rate acta acts 11 is 14 a gnat gr at deterrent to enterprise indi industry stry and development it is and economically unsound for the united states to put the tile holo financial burden of the war upon the present generation fiscal reforms the regulation of expenditures by the establishment of a budget system not only at the national capital but also at every state capital and in every community is the demand of the hour when the masses are stirred up to realize that thet relief can be found only in public economies economics and that these cannot be had until a budget s system stem has been established they will make short shrift of any public official who ho for personal or partisan part iban rea sons stands stand out against this most urgent reform the budget declaration in the platform of 1920 will mean something besides hollow bollow words to be forgotten a soon a written |