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1932 › Norman Thomas (Socialist) › Income and inheritance tax progressivity
Steeply increased income and inheritance taxes
pledge_forwarddirectional_stanceparty_platformevidence B Taxation similar solutions · similar reasoning
Solution
Raise income and inheritance taxes steeply, both for revenue and to fund unemployment insurance.
Rationale
Redistribution of a national income that flowed to fewer than 3 million of 120 million people (Maurer).
Evidence B: the platform text is archived only as contemporary newspaper OCR (Milwaukee Leader, the Socialist daily) and Levinson's New Leader summary, not the official platform document.
Statements (1)
Un- der taxation the platform proposes steeply increased inheritance and income taxes.
Follow-through
not_applicable
Thomas received 2.2 percent of the vote; the Socialist program could not be tested in office. The Revenue Act of 1935 raised top surtax and estate rates modestly after congressional dilution.
Enacted by others
| 1935-08-30 | Franklin D. Roosevelt | statute Revenue Act of 1935 | source |
Other positions on this issue
- Raise revenue by graduated income, inheritance and profits taxes, not taxes on necessities — Franklin D. Roosevelt, 1932 directional_stance
- Defense of the undistributed-profits tax as a loophole-closer; correct imperfections if found — Franklin D. Roosevelt, 1936 specific_pledge
- Taxes levied according to ability to pay; lower taxes for 99 percent, higher at the top — Franklin D. Roosevelt, 1936 directional_stance
1932-thomas-steep-income-inheritance-taxes · created by claude-fable-5-1 · review: unreviewed