Great Revenue Bill Expands Tax on War Profits
Washington reports the Ways and Means Committee approved an eight per cent exemption plus a $3,000 exemption on excess profits and a 60 per cent tax on further profits. A flat 80 per cent war profits tax was considered with three deduction classes for pre war warnings and various industries. The plan would push total revenue toward eight billion dollars, with vast portions from corporations taxed under the excess profits levy.
MENTIONED IN THIS ARTICLE
Washington
House
Ways and Means
Ins
Treasa
Kaiser Spokesmen Press Peace Terms to Free World
The Chicago Journal notes Burlan and Hertling urge the people of the free world to discuss terms of peace, labeling such speeches as traps. It emphasizes America’s long held position of seeking unconditional surrender from the foe and dismisses German offers as mere spins to inflate influence.
MENTIONED IN THIS ARTICLE
Chicago Journal
Burlan
Hertling
Kaiser
Junkers
Wilson
Berlin
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