...income and profits tax can, in peace time, be effectively productive of revenue, and whether they шау not, on the contrary, be destructive of business activity...incentive to new enterprise, encourage extravagant expenditure, and produce industrial stagnation, with consequent unemployment and other attendant evils."...

...consider whether the higher rates of income and profits taxes can in peace times be effectively productive of revenue, and whether they may not, on the contrary,...consequent unemployment and other attendant evils. The problem is not an easy one. A fundamental change has taken place with reference to the position...

...consider whether the higher rates of income and profits taxes can in peace times be effectively productive of revenue, and whether they may not, on the contrary,...consequent unemployment and other attendant evils. The problem is not an easy one. A fundamental change has taken place with reference to the position...

...administration, Congress, and the public, the following statement made in 1919 by President Wilson: There is a point at which in peace times high rates...consequent unemployment and other attendant evils. We commend equally the statement of President Roosevelt during the 1932 campaign: Taxes are paid in...

...attention in this connection the following statement made to Congress in 1919 by President Wilson: There is a point at which in peace times high rates...consequent unemployment and other attendant evils. We further direct your attention to the following statement made March 19 by Governor Eccles, of the...

...Moreover increased taxes may well prove to be an antirecovery measure. In 1919 President Wilson said: There is a point at which in peace times high rates...consequent unemployment and other attendant evils. And President Roosevelt during the 1932 campaign made the following significant statement: Taxes are...

...lower as well as the higher brackets. President Wilson well pointed out to Congress in 1919 that — There is a point at which in peace times high rates...consequent unemployment and other attendant evils. Now, with reference more specifically to the recent proposals. Congress should have in mind that, in...

...consider whether the higher rates of Income and profits taxes can In peacetime be effecMvely productive of revenue, and whether they may not, on the contrary...waste and inefficiency. There is a point at which. In peacetimes, high ratea of income and profits taxes discourage energy, remove the incentive to new enterprise,...

...consider whether the higher rates of income and profits taxes can in peace times be effectively productive of revenue, and whether they may not, on the contrary,...destructive of business activity and productive of waste and ineificiency. There is a point at which in peace times high rates of income and profits taxes discourage...

...(President Calvin Coolidge, February 1924). "There is a point at which, in peacetime, high rates of income taxes discourage energy, remove the incentive to new...consequent unemployment and other attendant evils" (President Woodrow Wilson, 1918). I thank yon. Mr. MOURE. I would like to take 1 minute to read one...