Contemporary American History, 1877-1913Beard, Charles A. (Charles Austin)
History
Contemporary American History, 1877-1913
Beard, Charles A. (Charles Austin)
United States -- History -- 1865-1921
When the tariff bill was introduced in Congress, on December 19, 1893,
it contained no provision for an income tax, and it was not until
January 29 that an income tax amendment to the Wilson bill was
introduced in behalf of the Committee. In defending his amendment, the
mover, Mr. McMillin, declared that the purpose of the tax was to place a
small per cent of the enormous Federal burden "upon the accumulated
wealth of the country instead of placing all upon the consumption of the
people." He announced that they did not come there in any spirit of
antagonism to wealth, that they did not intend to put an undue embargo
upon wealth, but that they did intend to make accumulated wealth pay
some share of the expenses of the government. The tariff, in his
opinion, taxed want, not wealth. He was impatient with the hue and cry
that was raised, "when it is proposed to shift this burden from those
who cannot bear it to those who can; to divide it between consumption
and wealth; to shift it from the laborer who has nothing but his power
to toil and sweat to the man who has a fortune made or inherited." The
protective tariff, he added, had made colossal fortunes by levying
tribute upon the many for the enrichment of the few; and yet the
advocates of an income tax were told that this accumulated wealth was a
sacred thing which should go untaxed forever. In announcing this
determination to tax the rich, Mr. McMillin disclaimed any intention of
waging a class war, by declaring that the income tax, in his opinion,
would "diminish the antipathy that now exists between the classes," and
sweep away the ground for that "iconoclastic complaint which finds
expression in violence and threatens the very foundations upon which our
whole institution rests."
Public-domain text, read in full here on John Shaqi.
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