Evening Republican, Volume 23, Number 221, Rensselaer, Jasper County, 13 September 1920 — ELECTION OF HARDING TO RELIEVE TAXING BURDENS [ARTICLE]

ELECTION OF HARDING TO RELIEVE TAXING BURDENS

Chicago; HL — -(Special.) — The •lection of Senator Harding and a Republican senate and house win make it entirely possible to greatly reduce and possibly repeal the excess profits tax, and also materially reduce the income tax schedules, there by eMminatlny, two of the greatest factors in the high cost ot living, according to a statement made public here »by *C. Bascom Slemp, cosgressman from 'Virginia and one' of the major Republican leaders of the South. . « “We can either continue to collect the pyemm* tax schedule and pay off our entire war debt in seven years, er we can reduce the burdwniosss taxes and spread the payments over a period of twenty years or more," the Virginia congressman said. He iiidstH to the fact that this year wo mtn rates nearly |2,0M,00K9W more than to needed and at this rate the war debt es g14.000,005,00S wooM he paid off tn seven yean. <