It is apparent, therefore, that the proposal of the President in addition to producing additional revenue involves a redistribution of the corporation-tax burden by which 95 percent of all corporations obtain some tax relief, and about 5 percent, consisting of the largest corporations, would sustain an additional burden. Such a shifting of the burden would produce desirable results from many standpoints.
Publication Date
September 4, 1935
Citation
84 New Republic 99 (1935).
Collections
It is apparent, therefore, that the proposal of the President in addition to producing additional revenue involves a redistribution of the corporation-tax burden by which 95 percent of all corporations obtain some tax relief, and about 5 percent, consisting of the largest corporations, would sustain an additional burden. Such a shifting of the burden would produce desirable results from many standpoints.
