Jasper County Democrat, Volume 18, Number 104, Rensselaer, Jasper County, 29 March 1916 — Manufacturers of Munitions Should Help Bear Burden of Increased Taxation [ARTICLE+ILLUSTRATION]

Manufacturers of Munitions Should Help Bear Burden of Increased Taxation

By CHAMP CLARK,

Speaker of the House

of Representatives

I CANNOT favor the imposition of further stamp tax-.s * r fur-lens '•me excise taxes to meet The need.' treasury at this time or in the near future. Stamp taxes are onerous at be.~t and should be resorted to only as an emergency measure.' I BELIEVE THE PRESENT WAR TAX SHOULD BE REVISED AND MANY OF THE STAMP TAXES WHICH IT CONTAINS SHOULD BE ELIMINATED. An increase in the income tax rates and a genera! rearrangement of the classification of incomes under the income tax law would produce a large amount of revenue and would not unduly burden any one. Then I believe the proposal to levy a tax on the manufacturers of war munitions, who are shipping vast quantities of their products abroad; should be favorably considered. These munition manufacturers are making vast profits out of the present increased trade in their product. ‘iiw.it ci' THEY ARE PROBABLY THE MOST PROSPEROUS CLASS IN THE COUNTRY TODAY. I AM CONVINCED THAT THEY SHOULD BEAR THEIR SHARE OF ANY INCREASED TAXATION. At present I’can see no necessity for considering a revision of the tariff either in general or in regard to the special schedules of the law.

Photo by American Press Associatio n.