Show evading taxes legally president truman has again spoken out in favor of increasing government income through higher taxes in an article in the tha new york times godfrey N nelson observes there is at least one means by which the federal government could not only stimulate completive comp etive business but could derive very substantial revenues tax the income of all businesses conducted for profit both public and private eliminate tax exemptions irrespective of kind of ownership or form of organization cooperatives and their owners f for or example should be taxed like ordinary business cor corporations ions on their entire earnings and on dis made out of earnings in this connection representative noah mason has proposed a I 1 bill designed to tax businesses of I 1 i I 1 this kind including government 1 i owned enterprises operating on I 1 tax payers money generally paying no interest and paying no taxes on their earnings even though they compete directly w with ith privately owned companies the government power developments including the rural electric cooperatives are perfect examples I 1 of the last type of business in effect all the taxpayers of the country country are subsidize ing the elec 1 trie bills of a favored few the 1 1 loss of the tax revenue that private utilities would pay on the same volume of business is a body blow to states and municipalities and all the taxpayers must kick in to maks make up the deficit I 1 the legal tax evasion no now w going on is indefensible mr air masons bill seems to be the ansiger answer to a problem which has become critical I 1 |