War borrowing

Bibliographic data

Monograph

Identifikator:: 101124439X

URN:: urn:nbn:de:zbw-retromon-21219

Document type:: Monograph

Author:: Hollander, Jacob H. http://d-nb.info/gnd/136924867

Title:: War borrowing

Place of publication:: New York

Publisher:: The Macmillan Company

Year of publication:: 1919

Scope:: 1 Online-Ressource (215 Seiten)

Digitisation:: 2018

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: The present

Collection:: Economics Books

THE PRESENT 27 In purpose the thirty-one series may be arranged in seven groups as follows: Series In anticipation of: Nominal amount (A) [1] 1917 Income Tax (B) [2] [3] [4] [5] ... First Liberty Loan (C) [6] [7] [8] [9] [10] [ 11 ] Second Liberty Loan (D) [12] [13] [16] [18] [21] [23] 1918 Income and Excess Profits Taxes (E) [44] [151] [17] [I©] [20] [22] Third Liberty Loan (F) [24] [25] [26] [27] [29] [30] [31] .. Fourth Liberty Loan (G) [28] 1919 Income and Excess Profits Taxes $ 50,000,000 868,205,000 2,320,493,000 1,624,403,500 3,012,085,500 4,659,820,000 iS7,S52,50o The circumstances attending these successive issues may be briefly reviewed: (A) The early entry of the United States into the war was foreshadowed in the recommendation of the Ways and Means Committee of the House of Representatives in the report accompanying the revenue bill of March 3, 1917, that inasmuch as “ under the present system of taxation a consider able portion of the receipts are not due and pay able until the last month of each fiscal year ”— the existing authority of the Secretary of the Treasury to issue certificates of indebtedness with a view to anticipating public revenues should be enlarged. A little noticed section of the Payne-Aldrich tariff act of August 5, 1909, had reenacted the certificate of indebtedness provision of the Spanish War rev enue act, with the maximum amount of such certifi cates which might at any time be outstanding in creased from $100,000,000 to $200,000,000. As

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