HIGHER POSTAGE
(Press. Assn.—
EXPfefcftED TO PRdbtrdE LARGE REVENUE INCREASE 'phones and radio taxed
-By Teligraph- — Copyrigbt).
WASHINGTON, Wednesday. The first-class posfage rate was ipcreased from two to three cents for a period of two years on Wednesday by the House of Representatives in expectation of it yielding £27,000,000 The postage increase is the largest single revenue raiser in the Ways and Means Committee's substitute proposals for the saies tax. The House accepted a steady stream of the committee's proposals. Taxes on telegraphs, telephone and radio messages are estimated to produce £7,000,000 and a ten per cent. amusement tax is expected to yield £8,000,000.
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Bibliographic details
Rotorua Morning Post, Volume 1, Issue 188, 1 April 1932, Page 5
Word Count
104HIGHER POSTAGE Rotorua Morning Post, Volume 1, Issue 188, 1 April 1932, Page 5
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