Word: soloway
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Arnold M. Soloway, assistant professor of Economics, last night continued his attack on Governor Furcolo's proposed sales tax and suggested a tax on income from rentals to help ease the state's financial burdens...
...radio interview, Soloway attacked the idea that there is "anything more holy" about unearned income from rents than from stock dividends, which are now taxed more than twice as heavily as earned income...
...Soloway asserted that his opposition to the proposed sales tax was "not based on the simple doctrinary thesis that the sales tax is an evil thing," but rather on the grounds that there is "absolutely no need...
...Soloway also said that his plan called for a slight lowering of corporation taxes, but noted that the state would never regain much of the textile industry it has lost. Although all the southern states which have absorbed the textile industries have graduated income taxes, the absence of unions provides a supply of "cheap labor," which Massachussetts cannot provide. He noted, however, that the lowered corporation taxes might attract technical industries...
...Although I had no intention of being lured into a major public debate," Soloway asserted, "I now feel duty bound to appear where I have to appear...