“PAY AS YOU GO”
PRINCIPLE OF CANADIAN WAR FINANCE AS FAR AS PRACTICABLE INCREASES IN TAXATION. By Telegraph—Press Association—Copyright. (Received This Day, 10.15 a.m.) OTTAWA, September 12. The Revenue Minister (Mr Usey), presenting the War Budget, said Canand was following a “pay as you go” policy as far as was practicable. The Government would insist on the “principle of equality of sacrifice on the basis of ability to pay.” Mr Usey forecast a 156 million dollars deficit in the current fiscal yenr. He believed, he said, that any borrowing would be comparable with peace time levels. The income surtaxes are increased to 20 per cent and’excise taxes on beverages and tobacco are increased.
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Wairarapa Times-Age, 13 September 1939, Page 8
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113“PAY AS YOU GO” Wairarapa Times-Age, 13 September 1939, Page 8
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