Evening Star Newspaper, May 25, 1933, Page 6

SINDERTAIES SN AVALSBL Expert Says Increase in Nor- mal Rates Should Be Avoided. — s The writer of this critical estimate of the proposed new Federal taxes and revisions in taration is en au- thority on the subject. He is associ- ate professor of taration at the Col- Zege of the City of New York and has written widely on tazes and tazr sys- tems. One of his books is “Federal Income Tazation.” BY DR. JOSEPH J. KLEIN, | Associate professor of economics, College of the City of New York. NEW YORK, May 24 (N.AAN.A).— other sugar substitutes. No insuperable There must be universal approval of the | difficulty would be encountered because wisdom of the administration’s policy | to imported as well as the domestic which insists that Congress should pro- | products. s vide revenue with which to finance the | R f | public works program of the natlonal) L EGoyid" vield $150,000,000 annuslly. industrial recovery bill. It is one thing, however, to recognize the soundness of the policy and quite another to accept as economically sound all of the revenue recommendations of the Ways and Means Committee. i * The existence of & fiscal emergency |Lves to the exclusion ‘g!mf:u;mmgi amply justified the enactment of se- lected import taxes, special excises, stamp taxes and various imposts in the | PAREE Tevenue bill of 1932, which, by its terms, Wwas to expire on June 30, 1934. That emergency still exists, and it was there- fore to be expected that these sources of revenue, which are estimated to raisa\HAwA" SENATE ckfisons | almost $500,000,000, should be con- tinued. Such continuation has been recommended by the Ways and Means | Committee. ‘The further provision that | these additional taxes should upon the earlier occurrence of the bal- ancing of the national budget or upon the repeal of the eighteenth amendment | is both salutary and justifiable. | $220,000,000 Choice. | By the Associated Press. ‘The further recommendation of the' Ways and Means Committee with re- | spect to the raising of an additional $220,000,000, likewise limited in time, | le’Fam to be an unhappy and unwise | ehoice. | Even shough the proposal is desig- | resolution then was sent to the House. nated e8 temporary, it is undesirable | fo impute a normal tax og ordinary | dividebas. Ever sihce the enactment of | the present series of income tax laws, such dividends have been subject to surtax only, on the equitable ground hat the normal tax has been paid by he corporation before dividend dis- gribution became possible. When the | administration is bending every effort fo rehabilitate business, it is not wise to encourage shifts in types of invest- fnent. Thus, for example, if a corpora- ion were to substitute bonds for stocks, he interest paid on the bonds would onstitute deductible expenditures for he corporation, whereas dividends are ot so deductible. If dividends are sub- t to tax in the hands of recipients, t as is interest, there is obvious dis- gxmmmon in favor of interest-bearing ligations as distinguished from divid- end-bearing obligations. i The proposed increase in the gasoline | appedrs also unwise, not alone be- | ause of the relatively high Federa] tax which this product is already subject, | t also because gasoline is exposed to creasingly high’ State levies. Normal Rates Increase. 1 The proposed increase in normal tax tes should be avoided except as & t resort. This source has been in- reasingly tapped. both by the Federal vernment and by States. . It is net difficult to reconcile one's whole-hearfed approval. of the thesis hat the public works program should financed by revemfe with objections 1o some of the tax proposals of the | ouse of Representatives committee. is is #0_because other sources of revenue afford sounder, fairer and rer yelds. The selective manufac- s’ sales tax is an example of the ype of levy to which there would be or no objection and the yield “My gives me fits” “CAN that woman of mine pick undershirts —and how! HANES Undershirts. It doesn’t make any dif- ference how much they’re washed — they always fit like the well-known paper the idea I'm strangled and cramped. I can move any way I want. And let me tell you something else. HANES never cheats on the length. When I get my shirt tucked in — it stays around the waist for me. Yes, Sir—my wife gives me fits, if you know what I mean!” AND HANES SHIRTS g ey 25c 35c and 50¢ HANES SHORTS. Guar- anteed fast colors. Only 25¢ 35¢ §0c Athletic . 50c HANES has Union, Suits for SAMSONBAK (pre-shrunk) only ... .. T8 Don’t be afraid to wash the Lightweight Champion! HANES knit and trunk measure. You can wash them in safety—always fit! Cool, comfortable, no pinching at the crotch. Shoulder-button Athletic style 50c and 75¢ Also with short sleeves in ankle, knee, or three-quarter legs . . 75cto$1 If you don’t know a HANES dealer, please write P. H. Hanes Knitting Company, Winston-Salem, N. C. cease | Concurrent Resolution Hits Hono- | act of the Territory to permit him to coffee would equivalent to about 65 cents per capita per annum. A'xn(loemuper pound on tes d yleld over $8- 000,000, which would be equivalent to less than 7 cents per capita per annum. Sugar and salt also ford admirable bases for the impost of a universal eme tax, A tax on sugar of 1 cent per. pound, based upon the con- sumption statistics for 1929, ‘would yield over $120,000,000 per annum. A 2-cent tax would yield spproximately $250,000,000. | Effect on Sugar. | At the present price of sugar, such |a tax would not result in a product | which the consumer would regard as |high. The collection of such s tax | would be administratively simple, be- | cause it could be levied at the refinery where the manufacturing process | ceases; pyramiding probably would be | | almost negligible. i If such a tax proposal were adopted. is would be necessary, obviously, to levy | | corresponding rates on saccharine and of the necessity to have the levy applied On the basis of 1930 consumption statistics, a tax of 1 cent per pound on | In view of untapped tax sources, only a few of which have been indicated, it is fair to conclude that no existing emergency compels the adoption of the proposals of the House of Representa- | be fairer to the public and more eco- nomical for the Government to ad- (Copyright, 1933, by North American News- aper Alliance, Inc.) ROOSEVELT EDITORIAL ! lulu Star-Telegram for Criti- cizing President. HONOLULU, May 25.—The Hawaiian Senate adopted a concurrent resolution yesterday censoring the Honolulu Star- Telegram for its editorial Tuesday headed “Roosevelt, the Wrecker.” The Criticizing President Roosevelt for asking Congress to suspend the organic name a non-resident of Hawali as Gov- ernor, the newspaper, published by Wi H lace R. Farrington, Republican former | Governor, sald, in part: “One of two things may be accepted. | Either President Roosevelt has been | grievously misled by the unseemly fac- tional row in the Hawali branch of the Democratic party, or the favorite pic- ture of President Roosevelt as the leader of liberal, progressive Americanism is & political trick and hollow sham. Let us hope the latter is not true.” Congress has not yet acted on the | President’s request. REDUCED FARE BALTIMORE returning train nday night, W.,B.&A.ER.R. 12th St. and New York Ave. N.W. wife on the wall. But don’t get in. None of that bunching N i Union Suits are made to chest HANES WONDERWEAR = FOR EVERY SEASON Have you seen the Magic Rooms on the 4th floor? Here’s what 1 found out about Fresh PAINT Bl-‘,["()l\‘!i I used Monad I'd get a can of paint and get to work. First, I would have to dig down with a stick and stir and stir. Finally, I'd get it mixed, but somehow or other, I couldn’t get the exact shade as shown on the label of the can, because some of the color pigment was stuck on the bottom. ..and naturally, it was difficult to get what T wanted. Then somebody told me about Monad. What a difference. To begin with, I bought a can of White base Monad (that's the only way they sell it). With it comes a little jar of color. You can get any color you want...84 in fact...I took green. When I got the can ‘of white base home, I poured in the color from the jar. It mixed as easily as cream and coffee. T got the full color value, because I got full use of every drop of green in the jar, Monad Floor or Deck Paint; quick drying for wood or $1'69 cement sur- % Gallon Monad Super-Fresh House Paint; supreme in coverage and finish; 32.98 Gallon 84 colors .. faces ..... Atco (made by Monad) Fresh House Paint; first qual- 32'45 ity ; guaran- Gallon Monad High Gloss Fin- ish; does a table and 4 cha 3 dries in a 79(} teed for 3 few hours Pint years ...... Atco Red Roof Paint; Paint; contains no made with linseed oil water; 24 $1.89 and red $1'35 colors (col- metallic o-jar free). Gallon quality e Moleskin Fresh House Atco Washable Fresh Monad Dutch Enamel. Gloss; tile-like finish: Quick drying for inside walls or and outside 32.(,9 woodwork; use. Color 72 colors .. selections.. Gallen (Fifth Floor) Flowered Ruffled Marquisette Curtains Lovely stenciled flowers on a sheer weave marqui- sette would make a hothouse look cool. Pris- ; cilla style, with saucy ruffles. Grand for the boudoir. even (8ixth Floor. The Hecht Co.) Orders . . . Dlstri aF THURSDAY, MAY 25, 1933. FOUR COLOR STRIPE Porch Awni LARGE METAL Picnic Box $ l 00 It will hold bottles, wiches, etc. It has a separate compart- ment for ice. (Fifth Floor—The Hecht Co.) sand- NG Lawn Mower $0.99 Made by Penn Lawn Mower Co. Rolls along with almost no effort_at all. Cuts grass so beautifully that your lawn will be a pleasure to look at. 8-inch wheels Four seli- sharpening blades. (Pitth Floor—The Hecht Co.) WATERPROOF Clider $ I 4.65 You needn’t push this glider into the house at the sign of a rainstorm. You see, its Dupont fabric cover is water- proof. 3 cushions on _the seat, and 3 on the back. Ball- bearing hinges. (8ixth Floor—The Hecht Co.) Guaranteed Electric Fan 5|29 Has four eight-inch blades. Guaranteed motor. Very speedy. Finished in green. Operates on alternating cur- rent only. (Pifth Floor. The Hecht Co.) 8% ft. wide!—60-in. drop! ) “National” WOOD-SLAT Porch Shades $2.75 6 feet wide, 6 ft. 6 inch drop. Equipped with stay cords to prevent flapping. Green wooden slats. (Bixth r— . The Hecht Co.) \ Green, orange and black stripes on khaki ground. 60-inch drop. ew oblong eyelets, so you needn't take the hooks out when you take down these awnings. 5 feet wide . . $5.95 wet........ 8650 il ... 8695 wide . 7 95 . . 8895 Lt 89,95 % et 210.45 e .. 81195 e ... $12.95 % e 21295 (Bixth Ploor—The Hecht Co.) See the Exhibit of the Work of 27 Well Known ) Washington j Artists — Fourth' Floor, Magic Rooms.* ORIGINAL DRY-POINT Etchings in hand-carved frames Including works of these artists: Dasselbane, Leconte, Van Samter, Guilbert, Chardt Who ever heard of selling such ‘etchings at $495 ... why, even the frames are worth that much. Outsize measurements, 28x32 in. $ 4.95 | (Pourth Floor. The Hecht Oo.) (-8 Set it up in your. breakfast room, the dinette, or your Summer home, and it's perfectly appro- priate. Four chairs and a drop- leaf table. Solid oak. In green or natural finish. $1 delivers it! (Pifth Fioor. The Hech} Co.) ct 9400... Until. 9. P.M. T