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25 percent action adopted American amount application Association believe billion brackets budget capital Chairman collect committee Cong Congress constitutional amendment continue convention corporations cost Court debt dependent discussion DRESSER economic effect enterprise existing experience fact favor Federal Government follows gift give greater higher House income tax income-tax increase individual industry inheritances interest Internal invest legislatures less limit loss lower means meet ment needed opposed organization PACKARD period present President produce progressive proposed amendment question raise ratification reasonable record reduced result revenue rich savings Senate Joint Resolution Senator LANGER Service SMITHEY socialism statement submit tax rates taxation taxpayers thing three-fourths tion two-thirds United vote Washington
Trang 53 - The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities ; that is, in proportion to the revenue which they respectively enjoy under the protection of the state.
Trang 45 - England, forbids tying up the ownership of property for a longer period than a life or lives in being and twenty-one years.
Trang 52 - I take it that it is best for all to leave each man free to acquire property as fast as he can. Some will get wealthy. I don't believe in a law to prevent a man from getting rich; it would do more harm than good.
Trang 100 - Towards the preservation of your government, and the permanency of your present happy state, it is requisite, not only that you steadily discountenance irregular oppositions to its acknowledged authority, but also that you resist with care the spirit of innovation upon its principles, however specious the pretexts. One method of assault may be to effect, in the forms of the constitution, alterations which will impair the energy of the system, and thus to undermine what cannot be directly overthrown.
Trang 94 - The United States has a system of taxation by confession. That a people so numerous, scattered and individualistic, annually assesses itself with a tax liability, often in highly burdensome amounts, is a reassuring sign of the stability and vitality of our system of self-government.
Trang 52 - ... Property is the fruit of labor; property is desirable; is a positive good in the world. That some should be rich shows that others may become rich, and hence is just encouragement to industry and enterprise. Let not him who is houseless pull down the house of another, but let him work diligently and build one for himself, thus by example assuring that his own shall be safe from violence when built.
Trang 24 - If it become unjust, who shall trust it? "As sentinels on the country's watchtower, Senators, I beseech you - watch and guard with sleepless dread that corporation which can make all property and rights, all States and people, and all liberty and hope its playthings in an hour, and its victims forever.
Trang 102 - That useful alterations will be suggested by experience, could not but be foreseen. It was requisite therefore that a mode for introducing them should be provided. The mode preferred by the Convention seems to be stamped with every mark of propriety. It guards equally against that extreme facility which would render the Constitution too mutable; and that extreme difficulty which might perpetuate its discovered faults.
Trang 110 - As the legislatures of Tennessee and of West Virginia had power to adopt the resolutions of ratification, official notice to the Secretary, duly authenticated, that they had done so was conclusive upon him, and, being certified to by his proclamation, is conclusive upon the courts.