Priestly, T. J.
May 1939
Congressional Digest;May39, Vol. 18 Issue 5, p159
In this article the author suggests that Social Security program and other New Deal measures in the U.S. are stifling business and he urges that a graduated tax on gross incomes would be a democratic method of restoring economic stability in the country. He suggests that the wisely established principle that taxes should be levied in proportion to the ability to pay and in proportion to the benefits received, is equitable and just, but the ability to pay should be based on the fact that all corporations, in like businesses, increase or should increase their profit advantage in proportion to their increased production and sales. In order to save our democratic government form, taxes should be levied on the gross business of corporations by fair and equitable progression.


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