INCOME TAX REDUCTION
HOOVER’S RECOMMENDATION TO CONGRESS
TOTAL OF £32,000,000
Reed. 9 a.m. WASHINGTON, Wed. President Hoover laid before Congress on Wednesday a recommendation for a one per cent, income-tax reduction, totalling £32,000,000, and a request for £766,059,542 for Governmental use next year, and gave a bright picture of the state of the nation’s finances.
Drawing a lesson from the. lowering of taxation in the past, the President, declared that undoubtedly increased revenues always followed, and that the stimulus given to business was partly responsible for the upward jump of receipts.
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Bibliographic details
Sun (Auckland), Volume III, Issue 838, 5 December 1929, Page 9
Word Count
91INCOME TAX REDUCTION Sun (Auckland), Volume III, Issue 838, 5 December 1929, Page 9
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