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Facts Forum News, Vol. 4, No. 3, March 1955
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Facts Forum. Facts Forum News, Vol. 4, No. 3, March 1955 - File 065. 1955-03. University of Houston Libraries. University of Houston Digital Library. Web. October 28, 2020. https://digital.lib.uh.edu/collection/1352973/item/769/show/764.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Facts Forum. (1955-03). Facts Forum News, Vol. 4, No. 3, March 1955 - File 065. Facts Forum News, 1955-1956. University of Houston Libraries. Retrieved from https://digital.lib.uh.edu/collection/1352973/item/769/show/764

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Facts Forum, Facts Forum News, Vol. 4, No. 3, March 1955 - File 065, 1955-03, Facts Forum News, 1955-1956, University of Houston Libraries, accessed October 28, 2020, https://digital.lib.uh.edu/collection/1352973/item/769/show/764.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

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Title Facts Forum News, Vol. 4, No. 3, March 1955
Series Title Facts Forum News
Creator
  • Facts Forum
Contributor
  • Evans, Medford
Publisher Facts Forum
Date March 1955
Language eng
Subject
  • Anti-communist movements
  • Conservatism
  • Politics and government
  • Hunt, H. L.
Place
  • Dallas, Texas
Genre
  • journals (periodicals)
Type
  • Text
Identifier AP2.F146 v. 4 1955; OCLC: 1352973
Collection
  • University of Houston Libraries
  • Facts Forum News
Rights No Copyright - United States
Item Description
Title File 065
Transcript Income Tax Amendment (Continued pom Page 3) °' its parts. The key to national prosperity and a high standard of living is "te total national income, not the income .' just a few men. The greal objective ls an expanding national income, more 'Tniiilelv distributed. This can be pos- !">le only if devices such as the graduated income tax and the lax on inheritances are used lo prevent a few men roni monopolizing a dangerous portion "','lie national wealth. "ii1 income lax has discouraged dan- Kr°"s accumulations of private wealth. "hen greal wealth ami power are con- ''"tleitcd j,, a few hands, demoeieie \ Danishes. Privalc wealth, when uncon- °«ed, lends lo concentrate; and eco- """'ie d.'speelis,,, results.17 ouch tyranny of a small financial ""garchy has been al least partially ~"erted by our heavy death and gift ,IN|'S eeinl by tin- progressive income "* system." ''"ring the lasl twenty years we have ?Perienced a great levelin process m "''ilea. W i' arc nearer now them ever , °re to ih,. national ideal of equality for all Americans. l*fo The TO EACH HIS FAIR SHARE graduated income tax is neces- everyone is to gd his fair share ° *e national wealth, j .'"' federal government is the only ^'""liiui which represents all lhe peo- [ "' the nation. Hence, il is not safe Js to permit veist concentrations of p . —Wide World Pholo '^w Q !~.en* Eisenhower shown signing into |'"lQrt cu,,in9 excise taxes by 999 million egisj '. 'oe President said he believed the 'on would help stimulate business. '''ii lieil|(l'""'<' power anywhere except in the of .. °I the federal government. One 1 tl, chief sen i' es <>f the i Is . <'lii|.| services eif the income lax '"'iiij "*** "i1 concentrations of eco- 'Ii,. [Lp0Wer •""' transfer lhat power l.e '"i,I . 'ral governmenl where ii can hi' |,!"r Hi-' benefit of all. true that some veri w salt ilthv men >AoT 8 FORUM NEWS, March, in.-,:, have used their fortunes for charitable purposes which have been of greal benefit to others. Jiul history does not bear out an assumption that a society which fosters greal accumulations of wealth in a few hands is lhe best society. It depends on whal kind of hands. A nation's wealth should be widely distributed al a moderate level. The American economy has been moving toward such broad distribution.19 Our present income lax is fundamentally American because it curtails the development of a privileged class. By progressive taxation, we level olT lhe peaks and valleys in our economic and social terrain and compel a more even and equitable distribution of lhe national wealth. An unforeseen benefit arising out of lhe Income' Tax Amendment has been its value in suppressing crime. Everyone knows that some of our most notorious and vicious criminals have been clever enough to escape conviction for their crimes but have been imprisoned for evasion of the income teix. This law operates to require criminals to reveal their dishonestly gained income or risk imprisonment for evasion of the income tax. The opponents of the income' tax sav lhat the government should spend less. They conveniently ignore the fact that most of the expenditures of the federal governmenl go to defend our country againsl communism. Their only answer to this is isolation—which in lhe modern world would mean national suicide. Today wc could nol even pay the interest on our national debt if we did not have an income tax, because today the' interest on our national debt costs US more than the entire operations of government used to cost.18 Without an income tax, what would we do about veterans' benefits: about ihe construction of a modern, adequate highway system; about the expansion of a health program to aid those who cannot afford needed medical care? NO PARITY PAYMENTS? How could the government make par- itv payments to fanners if we did not have- em income lax? How is ihe industrial worker to be assured a continuance of steady employment if lhe governmenl eleeis uol have sufficient revenue to pay for the veist quantities of products il requires? The' Employment Act of 1916 requires tin- federal government to use all practical means to promote maximum employment, production, and purchasing power. The governmenl could hardly be expected lo perform ihis service and to regulate and stabilize ihe national econ- Have you seen page 45? omy if tax rates were frozen into the Constitution. It would seriously limit many of the services now demanded of government by ihe taxpayers and would throw upon lhe slate and local governments the burden of performing these services.10 A constitutional lax limitation would be- detrimental lo lhe individual slates in another way. It would curtail lhe government's grants-in-aid to slates and communities, which now total aboul three billion dollars a year. Kor instance, lhe President's ten-year plan for a belter highway system contemplates a total expenditure of 50 billion dollars, 26 billion of which will be contributed by Ihe federal government. Should the income —Wide World Photo Candling process used in inspection of eggs helps internal revenue collectors to detect checks overlooked by clerks who remove tax returns from the envelopes. Here a collections officer makes use of a converted pinball machine which each day turns up about ten checks that have gone unnoticed. lax be discontinued, or drastically limited as has been proposed, lhe full burden of just such programs as this one would fall on the individual slate's, and lln- poorer state's just could not meet such large obligations. The program would have lo be' reduced ill the very states where il is most needed.10 Il is significant that only one geev- e'liior - Governor Lee of I tab — has come out flatly for repeal of lhe Income Tax Amendment. While il is true that lhe states could lake over some of lhe services now rendered by the federal government, ex- perience has shown lhat central coordination is nee esseirv if the' people of all lhe stales are to receive benefits equally. W e have worked out a partnership of federal, state, and local governments which promotes equality throughout the mil ion. preserve's economic freedom, and maintains a high level of prosperity.1* Forty-eighl separate stales could not use lhe taxing power to temper inflationary beieims ami lo cushion depressions. Only lhe federal government can do ihis: and if the teixing power were limited, ibis service would be jeopard- ized, if not destroyed, r.iKe 63 >■
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