Report Outline
The Defocot, New Economics and New Taxes
The Federal Budget and the Need of New Revenue
The Movement for a Federal Tax on Beer
The Sales Tax in the 72nd Congress
Sales Tax Legislation in the States in 1932
Special Focus
The Defocot, New Economics and New Taxes
Volstead Act Modification and Possible Hoover Veto
When Congress convenes on December 5, 1932, the current deficit in federal finances will approximate three-quarters of a billion dollars, with the prospect of considerably exceeding $1,000,000,000 by the end of the fiscal year on June 30, 1933, unless new taxes are promptly imposed. There is, in any event, scant possibility that the budget can be balanced for the present fiscal year. A White House statement of November 19, 1932, announced that reductions in appropriations of about $700,000,000 would be recommended in the budget for the fiscal year 1934, which will be presented to Congress at the opening of the next session. While it was inferred that imposition of new taxes might thus be averted, strong doubt remains as to whether such action can be avoided, even if Congress should accept all of the economy measures to be advocated by the administration.
Failure of the new and increased taxes imposed by Congress at its last session and of the economy steps then taken to achieve the objective of a balanced budget has aroused widespread discussion of possible new sources of federal revenue. Substitution of a general manufacturers' sales tax for most of the special excise or “nuisance” taxes now in effect and modification of the Volstead act to permit the sale and taxing of beer are now regarded as virtually the only means of producing whatever additional revenue may be necessary. Whether one or both of these measures will be needed to balance the budget now seems to depend on the extent to which Congress will be willing to go in cutting federal expenditures.
Balancing the Budget by Taxes on Beer or Sales
The movement to modify the federal prohibition enforcement act and replenish government revenues with the proceeds of a beer tax, pushed without success at the last session of Congress, was given strong impetus by the sweeping Democratic victories at the polls on November 8. The 1932 Democratic platform pledged members of the party to immediate modification of the Volstead act. In the present Congress the Democrats already control the House and are in a position to control the Senate with the aid of a few Progressive votes. Various Democratic leaders have been joined by wet Republican members of Congress in asserting their intention to press for action on beer legislation at the short session. The success of such a move is threatened, however, by reports that President Hoover would veto a beer bill if it were presented for his signature. Although enough votes might, be mustered in the House to override a veto, the requisite number is believed to be lacking in the Senate. |
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Feb. 07, 2020 |
Hidden Money |
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Jun. 28, 2013 |
Internet Shopping |
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Jan. 16, 1998 |
IRS Reform |
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Mar. 22, 1996 |
Tax Reform |
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Apr. 06, 1990 |
How Fair Is the Nation's Tax Burden? |
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Aug. 28, 1987 |
Taxing Business Services |
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Oct. 17, 1986 |
Tax Reform In The States |
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Sep. 28, 1984 |
Tax Debate: 1984 Election and Beyond |
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Mar. 19, 1982 |
Tax-Exemption Controversy |
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May 19, 1978 |
Property Tax Relief |
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Apr. 07, 1978 |
Tax Shelters and Reform |
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Feb. 10, 1971 |
Property Tax Reform |
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Mar. 26, 1969 |
Tax Reform Pressures |
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Mar. 24, 1965 |
Excise Tax Cuts and the Economy |
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Feb. 15, 1961 |
Flexible Taxation |
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Apr. 02, 1959 |
State Tax Problems |
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Apr. 23, 1958 |
Tax Reduction, 1958 |
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Aug. 14, 1957 |
Fast Tax Write-Offs |
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Apr. 10, 1957 |
Federal Payments in Lieu of Taxes |
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Sep. 12, 1956 |
Corporation Profits and Taxes in Prosperity |
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Mar. 16, 1954 |
Shares in Tax Relief |
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Nov. 21, 1953 |
Revision of Excise Taxes |
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Mar. 19, 1953 |
Federal-State Tax Relations |
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Oct. 01, 1952 |
European Taxes and Tax Evasion |
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Nov. 03, 1950 |
Excess Profits Tax |
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Feb. 01, 1950 |
Tax Loopholes |
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Jun. 04, 1949 |
Excise Taxes |
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Oct. 27, 1948 |
Postwar Sales Taxes |
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Aug. 29, 1947 |
Taxation of Family Income |
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Apr. 09, 1947 |
Income Tax Relief |
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Jan. 11, 1946 |
Taxation of Cooperatives |
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Oct. 16, 1945 |
Federal Taxes on Business |
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May 08, 1944 |
Postwar Taxes |
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Sep. 20, 1943 |
Sales Taxes |
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Dec. 05, 1941 |
New Taxes for Defense |
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Apr. 05, 1941 |
Taxation for National Defense |
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Feb. 28, 1941 |
Taxation of Alcoholic Beverages |
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Jan. 11, 1941 |
Exemptions from Taxation |
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Dec. 04, 1940 |
Federal Taxes and Defense Financing |
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Feb. 01, 1940 |
Sharing of Tax Revenues |
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Feb. 02, 1939 |
Turnover Taxes in the States |
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Nov. 05, 1937 |
Broadening of the Income-Tax Base |
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Jun. 17, 1937 |
Exemptions from Income Taxation |
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Apr. 05, 1937 |
Coordination of Federal and State Tax Systems |
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Dec. 19, 1936 |
Revision of Federal Tax on Capital Gains |
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Nov. 02, 1936 |
State Taxation of Natural Resources |
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May 26, 1936 |
Assessment of Property for Taxation |
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Apr. 17, 1936 |
Federal Taxes on Consumption |
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Mar. 19, 1936 |
Taxation of Undistributed Corporate Profits |
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Dec. 17, 1935 |
Reduction of Tax Burdens on Real Estate |
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Oct. 21, 1935 |
Tax Delinquency in the United States |
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May 21, 1935 |
Comparative Tax Burdens in America and Britain |
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Feb. 01, 1935 |
Federal Taxation of Corporations |
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Nov. 27, 1934 |
Elimination of Conflicts in Taxation |
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Jul. 25, 1933 |
Taxation of Excess Profits |
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Jan. 25, 1933 |
Tax Burdens and Tax-Free Securities |
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Nov. 23, 1932 |
The Beer Tax and the Sales Tax |
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Dec. 19, 1931 |
Sales Taxes: Federal, State, and Foreign |
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Sep. 18, 1931 |
Death Taxes and the Concentration of Wealth |
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Mar. 18, 1931 |
Federal Taxation of Large Incomes |
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Jan. 10, 1931 |
Taxation of Capital Gains |
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Nov. 09, 1929 |
Federal Tax Reduction-1930 |
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Aug. 08, 1927 |
Federal Tax Reduction—1928 |
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Sep. 27, 1926 |
Tax Reduction and the Public Debt |
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Jan. 16, 1926 |
Taxation of Estates and Inheritances |
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Nov. 07, 1925 |
Federal Taxation of Small Incomes |
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Nov. 28, 1924 |
Social, Fiscal and Legal Aspects of the Inheritance Tax |
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Apr. 07, 1924 |
Causes and Effects of the Tax Return Blockade |
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Dec. 12, 1923 |
Tax Exempt Securities |
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Dec. 10, 1923 |
Taxation |
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