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Show Eiitomobile Chamber akes Many Proposals or Normal Conditions JjBrjitiiin.itior, of thv ... ...n d..l--1 tal depart- flTtt? miliurv and naval program t. It ;c(re: practicable poini. and a I -ljr h of 10 pel ceni w 1 he es-5t" es-5t" Jf. kgtHI nonnal .j 1 . tli 1 1 - I H irovoil lo the directors of .satlonui Automobile Chamber of ,J'!ferocrce "tjBl told, the reilurtion mimWyjui to app: $1. '.00. 000,- hOss-K Other pr.i'" ii- r t r I "ummar-.r "ummar-.r jfc- tocli.d' iJBF-r1..'' -:( u.-.r Hfttditip ill.- " 1 "JKd of f if : ; r-irf. mciuding therin litB noatlnj indebtedness. Victory- I EsJ n(3 ar S'vl"g certificates IsjCth come due In 1923. jUHfaiptnsi'ni f Hi' iirogratn of re-HKaeot re-HKaeot of the V-." liiirii.f; Mi.- 'fK;..,- fc't come due In Funding .f demand obligations of a,ue and ecceptanco of funding se-curities se-curities for unpaid Interest which they may be unable to mSel Repeal of the excess profits excise transportation, consumption and other tax burdens growing out of the war I rovlsion for additional revenue from a modarsrte protecttvi tariff. If still further revenue 1m required consumption tax is suggested of 1 per cent on all commodities based on the retail sales to the consumer. This program was submitted to a number of noted financiers and tax economists, ;ind received strong commendation com-mendation from them. GTS 1 1 !'iw vih.N in explanation of the principles proposed pro-posed and to bear out an expressed conviction that if the major premise of economy Is accepted, no further taxes will be necessary, the following statements were issued by the taxation taxa-tion committee of the chamber made up of C. C. iianch. chairman; If. H. Rice. J. Walter Drake. Charles Clifton Clif-ton and F. I. Barrows "Taxation must be held to a minimum mini-mum during the reconstruction period Any but urgently needed expenditures should be ellmlnlated, and a return made at once to a sane, normal tanda i .1 "As a beginning governmental expenses ex-penses for 1923 should be reduced by at least 10 per cent from the level of the 1921 approprlal Ions. In addition to the leimlnatfon of th item of $1,025,-006,000, $1,025,-006,000, charged to the cost of federal control of railrpads. 'There can be no Justification for estimates, after which ehmlnai ing tin-item, tin-item, increase all other items more than $1,000,000,000 and reach susbtan-tlallv susbtan-tlallv the same total as 1921 "Fixed government expend. lures due to past wars comprise 4 4 per cent of departmental estimates for 1922. ac-! ac-! ording io tables prepared by the United Siates bureau of efficiency. Estimates for the maintenance of our military and naval establishments, nlone reach the staggering total of $1,500,000,000, or 3S per cent of the total f-stimatep. excluding the postal revenue. This progiam of SZCSSSlvi expansion should be modified NO MORE Bl RDISNS "No further burden arising out of the war should be assumed save upon long and careful consideration. "As a matter of equity to the present pres-ent generation which made Him xu-preme xu-preme sacrifice of fighting for liberty In the world's war, puv menl of he cost of such an effort should be distributed dis-tributed over a period of not less than fifty years, and no funded war debt nhould be paid during the period of materially Increased expsnsea growing out of the war. or within five years from the date of the armjstli "All special taxes such as express profits, transportation excise and consumption con-sumption taxes growing out of the war and Imposing unnecessary burdens bur-dens on the consumer should be removed re-moved Surtaxes on personal income should he reduced. If further revenue Is required. It should be provided for DJ moderate tariff from a consumption consump-tion tax on ail commodities based ou retail sales to the consumer." |