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Record #:
20949
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Abstract:
This article examines the 1918 Revenue Act designed by Chairman Claude Kitchin of the House Ways and Means Committee. The act, created during U.S. wartime, sought to collect a high, graduated excess profits tax from those netting profits in excess of a just rate of return. Kitchin believed that the country should finance the war by collecting as large taxes as possible and mortgage as little as possible. Failure to do so, Kitchin said, could send the country into a post-war depression. Conservatives saw the tax as part of an attack on business and wealth, and the tax was repealed in 1921.
Source:
North Carolina Historical Review
(NoCar F251 .N892), Vol. 44 Issue 1, Jan 1967,
p72-88, il, por, f
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Full Text:
Record #:
21150
Author(s):
Abstract:
William Hodge Kitchin was a former Civil War veteran and a member of the Democratic Party who pushed for radical changes within North Carolina's social structure during Reconstruction. By the late 1880s, he broke with the Democrats and joined the Populist Party movement where he had a better opportunity for leadership and influence. While with the Populist Part, Kitchin advocated to preserve conservative principles, a mixture of white conservatism and opportunism.
Source:
North Carolina Historical Review
(NoCar F251 .N892), Vol. 45 Issue 2, 1968,
p178-194, f
Periodical Website
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