Word: soloway
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Arnold M. Soloway in a report made public today, says that a proper use of the current income tax would satisfy the immediate financial needs, but that a progressive income tax is essential for any long-run solution...
...alleviate this problem, Soloway recommends that the State increase aid to cities and towns, especially for education, and that it accept full responsibility for all welfare programs, such as General Relief and Veterans' Assistance, now handled by the municipalities...
...Soloway opposes a sales tax, even as a stop-gap, fund-raising measure. He attacks it for the increased costs of administrating a new tax as well as unfairness to taxpayers and denies that any sales tax is necessary, since a "properly revised income tax can produce as much tax revenue as we need...
Since the adoption of a constitutional amendment takes four years, increased money would be needed in the interim, Soloway says. In addition to some of the above proposals, Soloway urges lowering of personal exemptions, perhaps to the Federal level, as a means of obtaining the extra revenue. This move alone would bring in $60 million in increased annual receipts, he estimates...
...bulk of these recommendations is followed, particularly state aid to cities, Soloway maintains, the high property taxes, which now prevent new construction, could be substantially reduced