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Editorial
September 18, 1947
Montana Labor News
Butte, Silver Bow County, Montana
What is this article about?
The editorial highlights declining real income and tax withholdings for U.S. working people amid rising profits, dividends, and high salaries, per Treasury data. It criticizes a congressional committee of reactionary Republicans and Democrats for proposing tax cuts for the wealthy and a sales tax on workers, blaming low voter turnout among laborers.
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Income of Working People
The real income, in purchasing power, of the working people is going down steadily, while profits, dividends and high salaries are going up. That is the situation shown by the latest report of the U.S. Treasury department. Here are the facts:
Income taxes paid by working people through withholding from their weekly paychecks declined sharply during the first half of 1947. In other words, the total amount paid to labor declined, for the tax rates are the same as last year.
At the same time, the highest payments, showing a sharp increase, came from the big-salary group. There is only one conclusion: they have increased.
Meanwhile, the tax receipts show that both profits and dividends are way up. They are at an all-time high and are mounting month by month. Meanwhile, a special congressional committee, composed chiefly of reactionary Republicans and Democrats, is getting ready to suggest that the next congress reduce the income tax rates for the big fellows, slash the tax on profits and dividends, but keep the tax rate on the little income folks about as it is. At the same time they would hand the working people an additional levy in the form of a SALES TAX on top of everything else.
It adds up to this: the working men and women waste their time if they look to reactionaries for just and fair tax laws. The tories are determined to make the little people carry most of the load while they reduce the rates for the benefit of the big fellows. That is the kind of a congress we have, because the workers did not register and did not go to the polls and vote for their friends in the last election.
The real income, in purchasing power, of the working people is going down steadily, while profits, dividends and high salaries are going up. That is the situation shown by the latest report of the U.S. Treasury department. Here are the facts:
Income taxes paid by working people through withholding from their weekly paychecks declined sharply during the first half of 1947. In other words, the total amount paid to labor declined, for the tax rates are the same as last year.
At the same time, the highest payments, showing a sharp increase, came from the big-salary group. There is only one conclusion: they have increased.
Meanwhile, the tax receipts show that both profits and dividends are way up. They are at an all-time high and are mounting month by month. Meanwhile, a special congressional committee, composed chiefly of reactionary Republicans and Democrats, is getting ready to suggest that the next congress reduce the income tax rates for the big fellows, slash the tax on profits and dividends, but keep the tax rate on the little income folks about as it is. At the same time they would hand the working people an additional levy in the form of a SALES TAX on top of everything else.
It adds up to this: the working men and women waste their time if they look to reactionaries for just and fair tax laws. The tories are determined to make the little people carry most of the load while they reduce the rates for the benefit of the big fellows. That is the kind of a congress we have, because the workers did not register and did not go to the polls and vote for their friends in the last election.
What sub-type of article is it?
Taxation
Economic Policy
Partisan Politics
What keywords are associated?
Worker Income
Tax Withholdings
Profits Dividends
Congressional Committee
Sales Tax
Voter Turnout
Reactionaries
What entities or persons were involved?
U.S. Treasury Department
Congressional Committee
Reactionary Republicans And Democrats
Working People
Big Salary Group
Editorial Details
Primary Topic
Declining Worker Income And Unfair Tax Proposals Favoring The Wealthy
Stance / Tone
Strongly Critical Of Reactionary Politicians And Pro Worker
Key Figures
U.S. Treasury Department
Congressional Committee
Reactionary Republicans And Democrats
Working People
Big Salary Group
Key Arguments
Real Income Of Working People Declining While Profits, Dividends, And High Salaries Rise
Income Taxes Withheld From Workers Declined In First Half Of 1947 Despite Same Rates
Tax Payments From Big Salary Group Sharply Increased
Profits And Dividends At All Time High And Rising
Congressional Committee Proposes Reducing Taxes For High Earners And Corporations But Adding Sales Tax For Workers
Reactionaries Aim To Burden Little People While Benefiting Big Fellows
Workers Failed To Vote In Last Election, Leading To Unfavorable Congress