The implications of Mr. Mellon's tax reduction scheme were brought out in the discussion which followed the proposal. No predictions were so sensational as those of Roger Ward Babson. Mr. Babson, 48-year-old statistician of Wellesley Hills, Mass., is President of Babson's Statistical Organization, originator of the " business barometers " which bear his name. Where Mr. Mellon proposed savings of tens of dollars to taxpayers, Mr. Babson calculates that there will be hundreds of dollars saved.
His argument is that the manufacturer passes his taxes on to the consumer. If these taxes are lightened...
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