Secretary Winston Would Slash Taxes
Washington July 20 Acting Secretary Winston said a reduction of the federal normal and surtaxes on income to a maximum of 25 percent is possible from a revenue standpoint In a letter he published here he suggested a maximum of 15 percent for surtaxes as the high est now in the law He reiterated Treasury support for abolishing inheritance taxes and opposed applying a graduated income tax on corporations hoping such agitation would be avoided
MENTIONED IN THIS ARTICLE
Washington
Associated Press
Winston
Treasury
Bascom N. Timmons
Treasury Department
Merlon
Spain and France Reach Morocco Campaign Accord
Despatch reports Marshal Petain’s departure to France seen as signaling a conclusive Morocco settlement between Spain and France on tactics against the Moors. Desultory fighting persists on both fronts, with tribesmen concentrating in the Ougtzan sector. Separate note that sugar beet leaf hopper investigations move from Toppenish to Twin Falls Idaho.
MENTIONED IN THIS ARTICLE
Tetuan
Spanish Morocco
Faby
Associated Press
Marshal Petain
France
Morocco
Spain
Ougtzan
Yakima, Wash
Toppenish
Here
Twin Falls
Idaho
Lower taxes and higher receipts
Treasury figures suggest revenue rises when rates fall to a point. 1921 to 1924 data show higher income tax yields despite rate reductions, with 1922 and 1924 figures cited. Officials note results depend on timing of retax changes and future payments, as understandings evolve. A second item notes Glen Ridge fire destroyed sewing shop stock with only the chief’s clothes spared.
MENTIONED IN THIS ARTICLE
WISE
Glen Ridge
Torlor
Also Mentioned on This Page
New York Shoe Co
Lyon
Spokane
Wash
Whone
T. NM. Hodgman, A. M
Brussels
Assaociated
Belgium
Cherbourg
Paris
New York
Repp Shirta
Bill
Tailor Hive
Niawsrar
Yards
Tor
Dollar Day
Wests
Euting
Ae Ea
Sapo de
Deckle
Hammersmill Bond Social Stationery
Floor
Jet
Siale Union
Kayser
Carter
Jeanette Wonder
Ight
Nweraprebrikive
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