The Archive · 1935

President Roosevelt Urges Tax Increase

Washington, June 1

President Roosevelt to-day called fon Congress to impose heavier taxes on individuals and corporations of rear wealth. Ina special message Congress, he made a. three-point recommendation for changes in the existing tax laws.

The purpose of the changes, he sold, was to reduce the national debt, Iighien the burden of the average taxpayer and achieve a wider di tribution of wealth, thus checking social unrest.

His recommendations were:—

Inheritance and pitt taxes on large bequests and pits to be increased.

'BStaxes om the larger personal incomes to be boasted.

'SImposition of s graduated income {036 Per cent "and running" unto fo% cent. and running Per cent. in-place of the present fat Fate of 1x4 per cent-—Unite. ress.

Text read from the printed page and cleaned; old type leaves the occasional error.

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