U.S.A. DEFICIT
MORE TAX INCREASES. POSTAL RATE UP 50 PER CENT. (Aus. Sr N.Z. Cable Assn). WASHINGTON. March 30. The first class postage rate has been increased from two to three cents for a period of two years, by the House, in an expectation of yielding a hundred and thirty-five million dollars. This postage increase is the largest single revenue-raiser in the Ways and Means Committee's .substitute for the sales tax. The House has accepted a steady stream of the Committee’s proposals.
New taxes on telegraph, telephone and radio messages are estimated to produce 35.000.000 dollars and a ten per cent, amusement tax is expected to yield 40.000,000 dollars.
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Bibliographic details
Grey River Argus, 1 April 1932, Page 4
Word Count
109U.S.A. DEFICIT Grey River Argus, 1 April 1932, Page 4
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