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Show INCOME TAX BLAMED FOR HOUSING SHORTAGE WARlIIN'iITON. Dec. 23. One great ciuse of the BXUHlni .shortage In dwell- mgs. Senator Calde; ftepubllcant of New- York K.".ld in addresalnf the senate sen-ate toda. Is the high rale of federal income tax. This, he declared, was driving wealthy Investors to place all their available fundi in 'a exempt .securities lsuer by m llnlf Ipllll es. the Mates. and 'he national oi-rnment. iind he suggested thai congress meet the situation by ma king mortgages on dwelling pQUgM tax eeuipt to ,t r.-.i suitable figure. ' I am inturmed ibai tb Marshall ri'-id estate in CfhicagOsand th Hett) iQreen estate, both oi which Formerl) loaned heavily on real estate, und 'lln ii Incomes from this source td be ii'sj than i wo percent under taxation," Senator Calrter wild, and tin an- diverting di-verting their capital funds no more lu--rotlp Investments. T.i exettipl se- brltlM during the lust ii.- years have increased from S,000,0t0, to over i 1,000,000,000 " |