Wanted: More Taxas

Fuller, Helen
October 1943
New Republic;10/18/43, Vol. 109 Issue 16, p512
Focuses on the modest Treasury program for collecting $10,500,000,000 in the U.S. Claims that the Treasury Department experts went to work under presidential directive; Comments on the means of inflation control; Report on the Treasury estimates that during the fiscal year, 1943, Americans will have nearly $15 of spending power after taxes for every $10 worth of goods available, whereas in Great Britain the ratio is approximately $12 for $10 worth of goods; Claims that the manner in which the $10,500,000,000 program was arrived at is interesting for the light it throws on over-all tax policies; Proposal of Secretary Henry Morgenthau for raising a major part of the needed revenue through an extension of the social-security program; Impact of tax proposal on the presidential elections; Reaction of political parties regarding the proposal; Information about a democratic tax program which is based on ability to pay.


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