Evening Star Newspaper, November 19, 1931, Page 12

LEADERS AGREED | ON TAX INGREAS Little Dissension Exists on Need for Higher Levy on + Upper Brackets. BY MARK SULLIVAN. ‘With practically universal, if re- luctant, recognition of the condition that there must be a revision upward of tax rates by the coming Congress, the one concrete detail of the ball about which there can be any certainty is that there will be a stiff increase of the rate on large incomes as well as the rate on large inheritances. To this detail of taxation there is very general assent. One finds it in varying degrees among both wings of both parties, progressive Republicans and conservative Republicans, proges- sive Democrats end conservative Demo- crats. Of outright opposition there is comparatively little. What opposition there is is not a strong resistence to raising of the rates. It is confined rather to a desire to see that the raise be kept in such propor- tions and managed in such a way as not to defeat itself, and that otherwise the thing be done with care. ‘Want Federal-State Harmony. For example, conservatives. while agreeing the rates on large incomes and inheritances be raised, will try to ses that the Federal income tax combined with the State income tax on the same income shall be harmonized and kept Within reasonable proportions. The same effort will be made to avoid over- lapping of State and Federal taxes on the same inheritance. In the same spirit, an effort will be made to see that the tax on large inheritances, which is essentially a takihg of part of the country's permanent capital, shall for that reason be devoted not to pay- ing the Government annual expenses, but solely to the retirement of the na- tional debt. It is to this sort of thing that the conservatives will chiefly devote them- selves. It is remarkable to discover among Representatives and Senators the neainess to universality of the sen- timent that there will be some raise in rates on large incomes and large inheritances. A decisive majority in both parties believe in such increases under present conditions, and will vote for them. Those who do not believe in them, or question their wisdom, are, nevertheless, satisfied that the in- creases will come anyhow. The in- creases may carry the rates to de- cidedly high fgures. McLean Makes Proposal. There is not as yet any official pro- posal from either party or any source as to what the new rates should be. There is distinctly & sign of the spirit of the times in a carefully stated pro- ], made by ex-Gov. Angus W. Mc- m of North Carolina and indorsed by the Raleign News and Observer, of which the editor is Josephus Daniels, Secretary of the Navy in the Wilson administration. Ex-Gov. McLean does not belong among those Democrats who by any of the word can be called receive at least one-half of all indi- vidual incomes amounting to $1,000,000 or more, from whatever sources de- rived.” Proposal Is Temporary. is for the period of the depression only. He says that if adopt- ed it will “within a year ameliorate and gradually tend to overcome this depression.” As to taxes on inheritances, ex-Gov. McLean’s proposal is that there shall be “a partial redistribution of wealth by means of death duties or inher- itance taxes, o designed that one- fourth of the value of every individual inheritance or share in an estate shall be returned to the State, provided such share amounts to $1,000,000 or more, the proportion or rate to be graduated downward as the value of the share or interest decreases, with reasonable ex- emptions for widows and children along existing lines.” Because s0 large an inheritance tax 4s in effect a taking of capital, Banker McLean carefully provides that the pro- oeeds of this tax be used by the State or Nation in the manner in which alone capital should be used, namely, “the roceeds of all such duties or taxes to e used exclusively for retiring bonded indebtedness, thereby constantly reduc- ing debt service.” proposal may be regarded as coming from the distinctly conservative wing of the Democratic party. It does not differ very materially from the at- titude of a_majority of Republicans in Con; In Bhoninlt is certain there taxation on incomes and on itances. The tax revision will coincide with and, therefore, be affected by a time of treasury deficit and general economic distress. The result is certain to be high rates. Accepting that, there is much reason to believe that the de- tails of the application of the new rates, and the “uration of them, will be so managec, to do the least possible harm t~ eountry’s business struc- ture. oyright, 1931) CONTINUES LECTURES Rev. ‘Arthur B. Rudd, canon of ‘Washington Cathedral, in another of his series of lectures on * Cathedral and the Bishop' will speak in the Willard room of the Willard Hotel tomorrow night at 8 o'clock. A series of colored slides, showing views of the Cathedral and gardens, also will | SPECIAL 0(: FISH AND STEAKS ALSO 12 NOON TO 8 P.M. BREAKFAST LUNCHEON 39C Hours, 8 A.M. to P Then try Plunder’s Tablete—For Distreming Stomach Disorders. A Bivee fomule of F. H. Plunder . Gy, Graduste Phermocist and former’ Laboratory Technicion of . Scientifically proe the finest and purest drugs. Cone of their mers At PUNDER ING, THE EVENING STAR, WASHINGTON, D. C, THURSDAY, NOVEMBER 19, 1931 Buy Men's Gifts in November and Pay for Them in Janua Men’s House Coats Same Quality Last Year $7.50 to $10 Wool or rayon. With self or plaid trim. Cord and braid edge. Shawl or notched collars. coos Three pockets. S Tuwo styles (Main Floor, The Hecht Co.) are illustrated R Men’s $1.75 to $2.85 White Broadcloths $ A 55 Solid Color Madras 4 for $6 Figured Broadcloth Shirts with two separate collars. Tab-collar shirts. Solid Color Chambray Striped Madras One-collar shirts, Collar attached. Neckband. Sizes 137 to 18. (Main Floor, The Hecht Co.) $1.55 to $1.95 Pajamas $1.29 4 for $5 Solid color broadcloths. Fancy broadclothbs. Prints. Amoskeag flannelettes. Sizes A, B, C and D. (Main Floor, The Hecht Co.) Famous “Daffodil” Radium Silk Shirts e Mén’s All-W ool Flannel Robes e s . Men’s $1 and $1.50 Neckties Many .of them are hand tailored; some are silk 77 C » 3 for $2.25 Men’s 35c Fancy Socks . Fancy lisle-and-rayon, rayon-and-celanese 1 mixtures. Sizes 974 to 12. Many patterns. 9c 6 pairs, $1 (Main Floor, The Hecht Oo.) our entire men’s clothing stock Brand Topcoats || Brand Owercoats Brand Tuxedos ENTIRE STOCK FAMOUS $10 PACKARD Arch-Aid SHOES Now Reduced $8 .50 to First permanent reduction in history. "Now pay only $8.50 for those shoes which you thought were mar- velous at $10. Qur entire stock ready for your selec- tion. . Hundreds of pairs of shoes! All made on com- bination lasts . ..., they fit the heel as well as the front of the foot. Two_Seconds by Direct Elevators to the Men'’s Shoe Shop—Second Floor Charge Customers May Buy in November—Pay in January THE HECHT CO. F Street at §eventh NAtional 5100