PROTEST BY RADIO.
Mr. Roosevelt and Action Of Congress. MODIFYING TAXATION BILL. (Received 1.30 p.m.) WASHINGTON, May 27. The President, Mr. Roosevelt, in a wireless address, took unusual means of making known his protest against the Congressional action regarding the Tax Bill on April 23. He declared that he believed that the Congressional modifications allowed a loophole by means of which the rich could escape just taxation, and a deep social injury would be committed. However, since the measure has other necessary beneficial features he would
However, since the measure has other necessary beneficial features he would allow the bill to become law without his signature, by allowing the statutory term to elapse.
At a conference between committees of the Senate and the House of Representatives on April 23 it was agreed to retain in a modified form the undistributed profits tax, and to cease taxinc long-term capital gains in the ordinary way of taxation.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19380528.2.53
Bibliographic details
Auckland Star, Volume LXIX, Issue 124, 28 May 1938, Page 9
Word Count
155PROTEST BY RADIO. Auckland Star, Volume LXIX, Issue 124, 28 May 1938, Page 9
Using This Item
Stuff Ltd is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.