NEW TAXATION.
DRASTIC AMERICAN MEASURE. TAX ON COMMUNICATIONS. (UNITED TRESS ASSOCIATION —BY ELECTRIC TELEGRAPH —COPYRIGHT.) (Received March 6th, 11.35 p.m.) WASHINGTON, March 5. A drastic taxation measure was agreed upon by both Parties in the Congress, and having President Hoover's approval has been drafted. It is designed to produco 1,096,000,000 dollars additional revenue for the fiscal year* 1933. . ■ Among many exceptionally severe provisions arc: — A 2k per cent, tax on manufactures; A sale tax on most commodities except necessities; An increase in income taxes; - A special excise tax on telegraph, telephone, cable, and radio messages.
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Press, Volume LXVIII, Issue 20489, 7 March 1932, Page 9
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95NEW TAXATION. Press, Volume LXVIII, Issue 20489, 7 March 1932, Page 9
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