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Newspaper
Sidney Telegraph
Location
Sidney, Nebraska, United States of America
Date
Nov 23, 1923
Page
2
Secretary Mellon unveils sweeping income tax cuts aimed at both small and large taxpayers, proposing a 25 percent cut on earned income, lower surtaxes starting at $10,000, and a 25 percent top rate. Revenue loss projected at about 323 million dollars, with opposition over farmer and small-business earnings exclusions and the soldiers' bonus funding.
The Omaha Bee editorial lauds Sidney Nebraska for proposing a winter lyceum drawn from local musical and literary talent. It argues home talent keeps money in the community, improves local arts, and suggests regional towns share talent to raise standards and cut costs while benefiting charity.
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