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Fremont Eagle in Fremont, Indiana

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Newspaper

Fremont Eagle

Location

Fremont, Indiana, United States of America

Date

Aug 02, 1917

Page

3

War Taxes and Loans in 1927 Budget Debate

Rowin and A Seligman analyze how wartime revenues should be split between taxes and loans. They critique McAdoo's 50 50 plan, warn against early heavy taxation, and outline principles to apportion burden across income, consumption, and business. They compare British wartime taxation and call for balanced, equitable tax rates.

Rowin & A. Seligman McVickar Columbia University House of Representatives Committee On Ways and Means Amont McAdoo Great Britain Ovenson

Debate on proposed income tax reforms and revenue limits

The text criticizes a House bill proposing steep taxes and favors a total tax take around 1.25 to 1.5 billion. It argues for a balanced plan with excess-profits tax at a sound rate, income tax revisions, stable whisky and tobacco taxes, stamp tax, and improved automobile tax to avoid heavy burdens on the poor while protecting business and social productivity. It urges a scientific system and elastic margins to sustain wartime finance.

Great Britain Senate

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EAGLE Durocsons A. L. Deemer Eagle Office Port Huron Exyce Fretmoont Jennie McNaughton Nine’, Mich Windsor Fremont Vermont Finley Kendallville Court, Fort Nayne Ind Frank Lint Helen First State Bank Arla Clark Sremont Eagle Warren D. Wells J. R. Hamilton Wanamaker’s Philadelphia Co-Operative Ladies Oxfords Liberty Swift del Monte Planters Brand Webster Brand Sremont Co-Operative Association Fremont, Indiana
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