Speech #810315839

For example. at that time the law provided that a visitor in this country. no matter how much money he made on the stock exchange. was not required to pay any income tax at all. The senior Senator from Iowa at that time laid the figures squarely before the Committee on Finance. and read them off upon the floor of the Senate. He showed that at that time socalled refugees. socalled visitors. failed to pay $800.000.000 of income taxes. If the same profito had been made by citizens of the United States. they would have had to pay incomre taxes on them. I am delighted that the junior Senator from Minnesota is endeavoring to close up some of the loopholes which afford opportunities to escape taxation. because I remember so well that the very able Senator from Ohio in a speech he delivered during the war. listed a total of $800.000.C00 of income taxes not paid by socalled visitors to the United States. refugees to the United States who were designated as visitors and not as citizens. I think the junior Senator from Minnesota is doing a magnificent job. I certainly want to associate myself with him and with the Senator from New York and with the distinguished occupant of the chair. the Senator from Illinois .