GOP SHOWN AS BOON TO RICH ON TAX LEVIES
GOP Shown As Boon To Rich On Tax Levies $5,000 Limit On Slush Gifts Alarming to Republicans WASHINGTON, D. C—Republican politicoes are squirming in their seats In the. capltol these days as the...
...an income of $100,000 a year paid a 48 per cent surtax...
...as is doubtful, the Hatch bill finally passes with the $5,000 limitation the Republican party may be forced to become the party of the people it now professes to be...
...Wilson, $500,000 a year paid a surtax of 65 per cent...
...Under the Republicans the same haul was surtrxed 20 per cent while it is now paying 59 per cent...
...Charges against the utility were filed with the board by the International Brotherhocd of Electricrl Workers, The utility, instead of returning the dues as decreed by the board, is requiring each worker to sign a complicated "refund request" before he can collect...
...Under Pres...
...Actually, the suspicion was, the measure this year is directed at breaking up state machines of senators, governors and representatives who depend in a number of instances upon the support of persons holding Jobs in state highway departments, financed to a considerable extent by federal funds...
...Coolidge and Hoover dropped the rate to 13 per rent...
...11 Billion Greater If the 1921 rates had been retailed through the Republican years, federal revenue from all income tax classes would have been $11,500,000,000 greater, according to the figures...
...It was Bankhead's hope that the amendment would kill the bill...
...It was boosted to 47 per cent by the revenue act of 1934, when a Democrat was once more in power...
...This year's measure Is designed as a companion piece to the one passed last year...
...It provides that state officeholders paid In part or in whole from federal funds are prohibited from taking part in political campaigns...
...In 1929 they paid about 15.8 per cent on a total of $1,212,098,784...
...sponsored an amendment limiting contributions to political, parties in any form to $5,000...
...The Republican lowered it to 19 per cent...
...They are sound investments paying a high rate of return...
...Offers Amendment When the measure came before the senate, Sen...
...Faces Dues Charge WASHINGTON, D. C—The Alabama Power Co., an anti-union utility, was accused last week of chiseling on a National Labor Relations board order to pay back to employes all dues checked off for a "dummy" union...
...among the Republicans voted for the proviso...
...What this $11 billions would have meant to those unemployed as the result of 1921-32 policies needs no elaboration...
...John B. Bankhead (D, Ala...
...Labor board representatives were assigned to investigate the utility's maneuver...
...Alabama PowerCo...
...capltol these days as the result of a bit of unpleasantness in connection with the current Hatch "clean politics" bill...
...In 1921...
...To the astonishment of ; II the amendment was adopted and the bill passed the senate with the amendment...
...Republican victories in 1920, 1924, and 1928, according to these figures, were worth a total of $11'i billion dollars to persons in the upper income brackets in income tax savings...
...In 1921, for instance, a $50,000 income paid a 23 per cent suxtax...
...The New Deal raised it to 47 per cent...
...This lowering of rates, Whiting figures, cost the government $2,178,563,-839 in taxes from persons getting $1,-000,000 a year or more...
...At the same time Ernest T. Weir's usefulness as fund-raiser-in-chief for the GOP would be considerably diminished...
...This scheme was assailed by the union as an attempt to coerce employes not to ask for repayment...
...How serious a matter this is for the Republican forces is illustrated by the figures in the report of the committee on campaign expenditures in 1936...
...Frazier (R, N.D...
...In terms of Whiting's figures the contributions are not contributions at all...
...Even more revealing are the figures prepared by Charles Whiting, a public accountant of Wooster, O., which show why the fat boys fork over their dough to the Republican party and what they get for it...
...The 17 others shouted "no" as the poll was called...
...In 1921 they paid at an average rate of 63.5 per cent on a total income of $49,411,329...
...Only Sen...
...For the really big game, those with incomes of $1,000,000 a year or more, the political game was decidedly wTorth while...
...That report shows that there were 288 individual contributions of $5,000 or more to the Republican party in the lfl36 campaign and only 84 such contributions to the Democrats...
Vol. 10 • April 1940 • No. 14
