Babson predicts federal tax cut within two years
Babson, after a Washington trip, predicts a likely reduction in federal income tax within the next two years, probably in 1925 rather than 1927, citing a growing surplus, Mellon’s treasury reforms, and a buoyant stock market as factors. The article analyzes political maneuvering, party stances, and the impact on bonds, stocks, and the economy, with emphasis on fiscal policy and election timing.
MENTIONED IN THIS ARTICLE
Babson Park
Mass
Roger W. Babson
Washington
Babson
Treasury
Mellon
Counnon
Republican Party
New York State
Henee
Brocks
Husiness Ehould
Marmerais
Fiona
Tealtiauphoa
United States
Coolidive
Medion
Finance Committee
Senate
Riches or Bonanzas Hiring Files Out to Get Riches
The text forecasts this year’s surplus at not less than $500 600 000 with a chance to reach $1 000 000 000. Some expect the 1926 corporate income tax to reach $1 500 000 000 while others see $1 800 000 000 as possible, nearly as large as the total.
MENTIONED IN THIS ARTICLE
Uoe
Tax cuts promised as 1928 date cited by author
The article notes 1925 tax payments by individuals and corporations and cites major firms showing big earnings increases in the first half of 1926. It lists General Motors, Pierce Arrow, Union Carbide, Shattuck Candy, Island Creek Coal, Fleishman, Corn Products, Radio Corp, Childs Restaurant, U S Steel, Inland Steel and New England Telephone as examples. The writer predicts further tax reductions, likely in 1928 for political reasons, and adds a remark on helium use for curing a dread disease.
MENTIONED IN THIS ARTICLE
Ings
General Motors
Pierce-Arrow
Union Carbide & Carbon
Shattuck Candy
Island Creek Coal Co
Fleishman Co
Corn Products
Radio Corporation
Childs Restaurant Co
U. S. Steel
Inland Steel
New England Telephone & Telegraph
Also Mentioned on This Page
Onehart
Uron Eary
Coolidge
Aberlom Beaver
Mmediev
Ds Wilber
Tiowe Rowel
Elyria Dry Goods
Soma Patent & Latins
Oxfords
Snily Ed
Nobi Price
Shoe ‘Store
John F. Gavin
Constance May Flood
James L.’ Flood
Superior Court of
Redwood City
Calif
Flood
James C. Flood
West Broad St
Publishers Financial Bureau
Dresser
Chile
Pines Wort
Tae
Emi
Vanity
Tallon
Canance
Allen & Brown
Earth
Siam
U.S
Covenant Oil
Speciait
Covenant Traducts Company
Covenant O
Covenant
Chaulmoogra
the Covenant Man
Broad Street
Elyria
R. L. Ellis Drug Store
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!