REPEAL OF PROHIBITION.

Manawatu Standard, Volume LIII, Issue 263, 4 October 1933, Page 12

REPEAL OF PROHIBITION.

ESTIMATES OF REVENUE. A retail price of 6s a quart for whisky is the goal of Congress taxation experts who are now framing estimates of revenue from liquor in anticipation of an absolute majority for the repeal of prohibition by the end of the year (says a New York message). The revenue objective from liquor is 700,000,000 dollars (£140,000,000 at par) annually, of which spirits are scheduled to provide 600,000,000 dollars and beer 200,000,000 dollars. This revenue will automatically replace that provided for in. the N.R.A. Act, which created a dividend tax added to the petrol tax, and levied a capital stock and excess profits tax, to “boost” the Treasury income until liquor should be as a revenue item. * The Federal tax on whisky probably will be Is lOd to 2s 6d a quart. Medicinal liquor is subject to a tax of 3s 8d a gallon, and all other liquor to 50s a gallon, the latter tax being wholly punitive and representing the liability of illegal liquor. Congress leaders say they are determined to make retail prices of liquor so low as to drive the bootlegger out of business. ! The suggested price is nearly half that charged in Canada under liquor control. This indicates the possibilities of a huge invasion of Canada by American bootleggers, with all the dramatic incidents that attend their operations.