Knowledge that Transforms

The policy of post-war taxation which is adopted by the federal government probably will have a more direct and vital influence on the general well-being of the country than any other governmental domestic policy. The war is over but not yet paid for, and it will be many years before the huge national debt of some twenty-four billions of dollars is liquidated. It is, therefore, of prime importance to every citizen to consider without prejudice what is the most equitable and least oppressive method of raising the enormous funds necessary to meet the greatly increased operating expenses of government, interest on the public debt, and the sinking fund to redeem it.

From the beginning of federal regulation of combination there has been an insistent demand on the part of the farmers for the exemption of their organizations. The political history of the past thirty years is full of party promises to the farmers, but the laws on the statute books reveal a rather niggardly performance of the promises made.