BUDGET BALANCING
MR HOOVER'S SPECIAL MESSAGE TO CONGRESS. SALES TAX RECOMMENDED. By Telegraph—Press Assn.—Copyright. (Received 18, 11.30 a.m.) Washington, January 17. President Hoover is despatching to Congress to-day a special message on Budget balancing. He recommended that a sales tax be adopted immediately as the best method of bringing about an increase in Federal revenues. He declared that it would seem to be the essence of good statesmanship to spread the sales tax at a low rate upon all manufacturers, except of food and the cheaper grades of clothing, Mr Hoover declared it was indicated that his recommendations as to decreases would not be realised by 100,000,000 dollars or more. “Therefore,” he added, “it is more than likely that the deficit will amount to from 500,000,000 to 700,000,000 dollars.”
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Hawke's Bay Tribune, Volume XXIII, Issue 31, 18 January 1933, Page 7
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129BUDGET BALANCING Hawke's Bay Tribune, Volume XXIII, Issue 31, 18 January 1933, Page 7
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