| OCR Text |
Show Taxes Do Not Create Employment Senator Frank E. Moss has recently advocated the revival of the depression days Civilian Conservation Corps or something very similar to it. The main purpose of this organization would be to supply employment to those too young to otherwise obtain summer jobs. What Senator Moss does not take into consideration is that many small individual business men do hire high school age employees to supplement their help during the busy summer months. However these same small individual business men are prevented from normal business expansion by the unbelievable overburden of federal taxes. If the small' individual business man was not carrying such a heavy load of unnecessary taxes there would be such an increase in such businesses that there would be a more than adequate .number of jobs for the high school students each year. Corporations due to their souce of finances are able to expand and still pay the tax. The individual who still believes in a normal small increase in his business each year and doesn't care to join the mad race to be a millionaire has absolutely no chance to get enough finances ahead to add to his present business or purchase another. If the individual business man saves enough from the profits of his business in any one year to purchase another unit or enlarge, the savings will be taken to pay his income tax. It is profit and that is that. He can use it up in deductable expenses but there is no use what so ever in trying to save it and use it. If the Senator will spend more time trying to get tax relief for the citizens of this country we will take care of our own without any help. T.N. |
