Five Tax Proposals for War Financing in 1917
Edwin R A Seligman analyzes the 1917 wartime revenue bill. He critiques excessive taxes at the war outset, cites Great Britain’s gradual approach, and outlines a balanced plan: limit new taxes, use excess profits and adjusted income tax, maintain some excise and stamp taxes, and emphasize loans alongside taxation to preserve economic elasticity.
MENTIONED IN THIS ARTICLE
Great Britain
Edwin R. A. Seligman
McVickar
Columbia University
House of Representatives
Committee of Ways and Means
Treasury
McAdoo
Senate
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