BRITISH POLITICS.

Hokitika Guardian, 17 April 1930, Page 5

BRITISH POLITICS.

,1N THE COMMONS

ATTACK ON BUDGET

[United Press Association—By Electric Telegraph.—Copy right. 1

April Id. In the Commons Mr W. Churchill, opening the attack on the Budget, expressed the opinion that taxation in Britain had reached a (runt where it had become a grave impediment to a provision of new wealth. Mr Snowden was imposing -16.] millions ol new taxation and if the Government had not been changed new taxes would not be needed. The popularity of the 406 income tax had been assured by reducing the number ol payers of it to the limits, where its voting power was (negligible. Recalling lUr Snowden’s dictum that nobody need fear a Labour budget but the idle rich, lie stated the modern productive millionaire was a highly economical animal saving more than he consumed. He was potentially chancellor of bis payments. Super tax and insurance for death duties already amounted to 14s in the pound. They would now be 17s. When one impaired the rich men’s incentive to save and reinvest injury fell on the whole community. Mr Snowden on one hand was professing (Strictest financial orthodoxy, while Socialist agitators were handing out hush doles with both hands, and both were sending in a bill to the tax payer. The only (beneficiaries of the Budget were bookmakers. After Messrs Churchill and Maxton had spoken the debate sagged and the House was counted out.