CRITICISM OF THE BUDGET

Taranaki Daily News, 28 April 1933, Page 7

CRITICISM OF THE BUDGET

appeal for unemployed POOR CO-OPERATORS SUFFER UNCHANGED INCOME TAX SUPPORT OF THE LIBERALS By Telegraph—Press Assn.—Copyright Rec. 7 p.m, London, April 26. Major Attlee (Labour) continued the Budget debate in the House of Commons to-day- He said the Budget showed no sign of the promised new'industries. It demanded £750,000 from poor co-operators while giving £600,000 to company promoters. It showed a true Capitalistic touch. AU available funds should have been used to remove the cuts in unemployment payments. Sir Herbert Samuel (Liberal) approved Mr. Chamberlain's refusal to take an unsafe course in reducing income tax from funds not possessed. “We are now engaged in delicate debt negotiations with the United States,” he said. “The choice of the present moment for a large unjustified remission of taxation when the American taxpayer is faced with a colossal deficit would have been the worst possible method of negotiating. “The House has a right to more information. why the Government is increasing the exchange equalisation fund,” continued Sir Herbert. “Though beer is heavily taxed, so are other commodities and industries, while brewers’ profits increased from £10,000,000 in 1913 to £23,000,000, in 1932. I agree that the first claim to any available funds ' belongs to the unemployed and their families.” The debate was adjourned.