RETURNED TO TAXPAYERS
IMPOUNDED PROCESSING TAXES SUPREME COURT’S RULING (United Preßs Association—By Electric Telegraph—Copyright) WASHINGTON, 14th January. The Supreme Court ruled unanimously that 200,000,000 dollars of Agricultural Adjustment Administration processing taxes impounded by courts must be returned to taxpayers.
One of the most momentous decisions ever to affect American economic and political affairs was rendered by the Supreme Court on 6th January, when it ruled by a six to three majority that the entire Agricultural Adjustment Administration programme was unconstitutional. The majority ruling thus in one stroke completed the destruction of the New Deal which began witl* declaration ol the unconstitutionality oT't£c'N.R.A. All forms of crop control and reduction, processing taxes and increased profits to agriculture were thus swept aside. The Government, however, faced the loss of 200,000,000 ■ dollars in impounded taxes and the need of finding an additional 602,000,000 dollars which it had hoped to get from the processing tax and which it contracted to give farmers under the crop control plan.
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Nelson Evening Mail, Volume LXVI, 15 January 1936, Page 5
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163RETURNED TO TAXPAYERS Nelson Evening Mail, Volume LXVI, 15 January 1936, Page 5
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