U.S. SALES TAX
"ess Assn.-
REJECTED BY COMMITTEE AFTER ENDORSEMENT BY PRESIDENT MUCH DISPUTED LEYY
— By Telcvraph — Copynlght)
WASHINGTON, Tuesday. Half an hour after Mr. Hoover d to-day endorsed the special manuiturers' saies tax before the Senits financial committee again ected this disputed levy by 12 :es to 8. Earlier in the day Mr. Hoover PPted the unusual conrse of adsssing the Senate in person. He ilared that he did not favour a leral saies tax system, providing a y on every sale from the wholeer to the retailer to the consumer. wever, he endorsed the special nufacturers' excise saies tax along 1 ^nes recommended by the House Representatives Ways and Committee, and twice rejectoy the House. This tax is levied y once upon a commodity, when is sold by the manufacturer. The President also outlined a pro•^e^€rai aid, which would td Si'eatly the lending powers ; he Reconstruction Corporation, so > ^ could advance funds to the | e and niunicipalities and private ■pstry to start a business recovery.
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Bibliographic details
Rotorua Morning Post, Volume 2, Issue 242, 2 June 1932, Page 5
Word Count
166U.S. SALES TAX Rotorua Morning Post, Volume 2, Issue 242, 2 June 1932, Page 5
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