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![[Group: Josephus Daniels, 2nd from left]](https://cache.getarchive.net/Prod/thumb/cdn4/L3Bob3RvLzE5MTkvMDEvMDEvZ3JvdXAtam9zZXBodXMtZGFuaWVscy0ybmQtZnJvbS1sZWZ0LTEtNjQwLmpwZw%3D%3D/40/31/webp "[Group: Josephus Daniels, 2nd from left]")
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![Dupont opposes incentive taxation. Washington, D.C., Dec. 1. Appearing before the Senate Finance Subcommittee investigating profit sharing systems, Lammont DuPont, President of the E.I. DuPont De Nemours Co., today declared his opposition to incentive taxation as an inducement of social management of industry. He said that by careful study he had not been able to discover any practical[?] method for the federal government to introduce any plan of rewards or penalties in the tax system which will promote the exercise of sound business judgment](https://cache.getarchive.net/Prod/thumb/cdn4/L3Bob3RvLzIwMTUvMTEvMjUvZHVwb250LW9wcG9zZXMtaW5jZW50aXZlLXRheGF0aW9uLXdhc2hpbmd0b24tZGMtZGVjLTEtYXBwZWFyaW5nLWJlZm9yZS10aGUtNjQwLmpwZw%3D%3D/40/31/webp "Dupont opposes incentive taxation. Washington, D.C., Dec. 1. Appearing before the Senate Finance Subcommittee investigating profit sharing systems, Lammont DuPont, President of the E.I. DuPont De Nemours Co., today declared his opposition to incentive taxation as an inducement of social management of industry. He said that by careful study he had not been able to discover any practical[?] method for the federal government to introduce any plan of rewards or penalties in the tax system which will promote the exercise of sound business judgment")
Reduce taxes on business, GMC executive tells senate committee. Washington, D.C., Dec. 9. Alfred P. Sloan, Jr., Chairman of the General Motors Corp., today told a Senate Finance Subcommittee that the best application of the tax incentive principle appears to be a reduction of general taxes on business. Discussing profit sharing plans, Sloan said General Motors has found that the best plan is the biggest pay envelope that is possible, 12/9/38
Summary
A black and white photo of a man sitting at a table.
Public domain portrait photograph, free to use, no copyright restrictions image - Picryl description
Tags
Date
1938
Contributors
Harris & Ewing, photographer
Location
Washington, District of Columbia, United States, 38.90719, -77.03687
Source
Library of Congress
Copyright info
No known restrictions on publication.
