The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
(y J ^ e ^ U L n . J o s e p h in e C a r p e n t e r 574 BERGEN AVENUE J E R S E Y C I T Y , N . J. DEL. 3-2815 Q fly y . % i- % ^ «* ~tb c' Loi r c L ^ t <c P -y o u ' A ^ r £ a ^ \ ¿U -t U , ■fco ^ + j£ t J b £ c .^ & j A^- O' f y ¿*A^ sfeL \ / r^ r i r A , e^jfciLc..A_, Lo 3 o i° j J k jy ~t^ Digitized V VforaFRASER A . V« J o s e p h in e C a r p e n t e r 574 BERGEN AVENUE J E R S E Y C I T Y , N . J. DEL. 3-2815 I - o ^ IpU&A^/ y vy l^ }\ - £I.AjZ~ r ' t l ^ W I ^ )n p ^ i / ^ 1V ¿5*-vv^ ^ 3 ^ ~Ve-rx^ cx^ O ~ | < ^ — Vy\Z^AAA / cH v^v^v-^c- A. ^ o L e ^ o /K^ e^ BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM W A S H IN GT ON OF FICE OF T H E CHAIRMAN March 15, 19^4-3» *K’ : '* S/wv.^5 Miss Josephine Carpenter, 57U Bergen Avenue, Jersey City, New Jersey. yg^ ,p< e%^^4'‘f t~ L Dear Miss Carpenter: On behalf of Chairman Eccles/Mfco is tempo rarily out of the city, permit me to acknowledge your letter of March 9 with regard to taxation Those who are of the fixed income group are, of course, as you point out, the particular victims o increasing taxation and rising costs of living. The question of whether some special treatment can be ac corded to this group is one that Congress will have to answer, for, as you know, it is Congress that writes the tax laws. Nevertheless, our level of taxation is low compared with that in Canada, England, New Zealand and other allied countries. It is the most effective single instrument for dealing with inflation, which would strike at the fixed income groups with particular violence. It occurred to me that you might perhaps be interested in seeing the text of Mr. Eccles’ recent talk, which I assume prompted your letter, and I ac cordingly enclose a copy. Sin v » . A <? C ^ J J t ( J Elliott Thurston, Special Assistant to the Chairman. d O y ro O ^ ^ I , Enclosure 0 Y ' y £ ' l& ^ L e ^ O March 15, 19U3» Miss Josephine Carpenter, 57U Bergen Avenue, Jersey City, Hew Jersey* Dear Miss Carpenters On behalf of Chairman Ecoles, who is tempo rarily out of the city, permit me to acknowledge your letter of March 9 with regard to taxation. Those who are of the fixed income group are, of course, as you point out, the particular victims of increasing taxation and rising costs of living. The question of whether some special treatment can be ac corded to this group is one that Congress will have to answer, for, as you know, it is Congress that writes the tax laws. Hevertheless, our level of taxation is low compared with that in Canada, Sngland, New Zealand and other allied oountries. It is the most effective single instrument for dealing with inflation, which would strike at the fixed income groups with particular violence. It occurred to me that you might perhaps be interested in seeing the text of Mr. Eccles* recent talk, which I assume prompted your letter, and I ac cordingly enclose a copy. Sincerely yours, Elliott Thurston, Special Assistant to the Chairman. Enclosure ETîb
@FedFRASER