On the recordJune 15, 1909
If it should ultimately reverse itself, still no taxes would have been collected until after protracted delay.
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presidency.ucsb.eduIf it should ultimately reverse itself, still no taxes would have been collected until after protracted delay.
Message to the Congress Concerning Tax on Net Income of Corporations
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The truth is that the language of the act is so ambiguous and possibly all-embracing that it is impracticable for the Treasury Department to give an exact estimate as to the diminution in revenue which will follow its passage.
I am in full sympathy with the concern of reasonable and patriotic men that the valuable resources of Alaska should not be turned over to be exploited for the profit of greedy, absorbing, and monopolistic corporations or syndicates.
An evil which menaces the general health of the people strikes at the life of the Nation.