Show FEDERAL TAX 0 DUCI S SINCE 1921 HIGH present administration makes world record in lowering Loi ering E ex telles jc nos the report of the treasury department just issued shows there has been a reduction in federal taxes paid on oil incomes of since march 1921 this is a reduction of 50 per cent this reduction was made possible by the enactment of the republican tax law during the special session of congress called by president harding in the summer of 1921 an ail antt lysis of returns by states shows the reduction in income tax payments have been greatest in in those states whose people have modest means and the least in those states where great wealth is centered this fact disposes of the demagogic charge that the republican tax law was framed in the interest of the wealthy and the man of ordinary means was not benefited by it in all ur tr the agricultural states the reduction in income tax collections has been in excess of 50 per cent in some states reductions were as great as 65 and 70 per cent as c compared om pared with collections under the previous law in addition to the savings saving of the american people in income tax payments men ts the report of the treasury department part ment shows that under the now new republican rep uli lican tax law la the american consumer has in the past year been relieved of in taxes on freight and express shipments in taxes on passenger tickets ts in taxes on drugs and toilet articles in taxes on merchandise principally P clothing on soft drinks and candy on musical instruments in taxes on life accident and other forms of insurance policies which were ab solute lv repealed by the republican tax bill these items representing a saving to tile the taxpaying tax paying public agre gate added to the reductions reductio es in the income tax they makei ma ke a total reduction in federal taxes in the last two years in excess of the lifting of such an enormous burden of public taxes from the american people is a record in tax reduction never before ma made de by this government and without equal in tile the fiscal history of adv other government ern ment in this the federal government Is setting betting an example to the states and loc local 11 communities in the matter of hf I 1 expenses and re deuced taxes |