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\nSnowden,ViscountThe rich man's budget  \nLondon  \n# COLUMBIA UNIVERSITY LIBRARIESPRESERVATION DIVISIONBIBLIOGBAPHIC MICROFORM TARGET\n\nORIGINAL MATERIAL AS FILMED-EXISTING BIBLIOGRAPHIC RECORD  \nRoproductions may not be made without permslon from Columbia Untverslty Lbrarles.             \n## RESTRICTIONS ON USE:\n\nTECHNICAL MICROFORM DATA  \nREDUCTION BATIO:            10:/  \nIMAGE PLACEMENT:IA  \nIB  \nDATE FILMED:                    5、6-97INITIALS:          B  \nTRACKING\\#:                                                                                                23692  \nFILMED BY PRESERVATION RESOURCES,BETHLEHEM,PA.  \nG  \nThe Rich Man's2 Budget.  \nMr.Churchill's Proposals Exposed.  \nBY  \nThe Rt.Hon.PHILIP SNOWDEN,M.P.  \ntogether with criticisms by  \n[  \nThe Rt.Hon.WM.GRAHAM,M.P.  \nand  \nThe Rt.Hon.J.RAMSAY MacDONALD,M.P.  \nPRICE:ONE PENNY,POST FREE 12d.  \nPablished byTHE LABOUR PARTY,33 Eccleston Square London,S.W.1.  \n2A5S个91,2y  \n## The Rich Man's Budget.\n\nBY  \nThe Rt.Hon.PHILIP SNOWDEN,M.P.,The Rt.Hon.W.GRAHAM,M.P.,  \nand  \nThe Rt.Hon.J.RAMSAY MacDONALD,M.P.  \n(Speeches delivered in the House of Commons during theBudget Debates.)  \nMr.SNOWDEN said:Before examining in detail the proposalsput forwardby the Chancellor of the Exchequer perhaps Imay be pardonedif I make a few remarks upon the financial situation as it existed at theend of the last financial year,a matter in which the Committee will agreeI have a special interest and had a special responsibility.  \nPRICES.  \nThe past financial year closed with the smallest surplus which hadbeen accumulated in any year since the days before the War.I estimatedfor a surplus of about E4,000,000,and the actual realised surplus waswithin [500,000 of that figure.That is estimating,out of a total of£80o,000,00o of revenue and of expenditure,to the fine degree of one-sixteenth per cent.I much appreciated the kind and generous referencesthe Chancellor of the Exchequer made to this financial achievement.  \nSingle copy,rd.post free.  \n12 copies,gd.post free.  \n1oo copies,4/6 carriage paid.  \nA criticism has been repeated throughout the whole of the year,and Isee that it has been repeated in some of the newspapers this morning,thatI gave away,unreasonably,revenue last year which might have beendevoted to a more useful purpose from the point of view of public need.(Hon.Members:\"Hear,hear!\")We hear those cheers to-day,butthere were no such cheers when I sat down I2 months ago.The righthon.Gentleman the Member for Hillhead (Sir R.Horne),who was theofficial spokesman for the Opposition I2 months ago,said that the pro-posals which I had made for the reduction of taxation were just theproposals which the Conservative Party had been yearning for yearsto carry into effect,and that if they had had my opportunity last yearthey certainly would have done just what I did.  \n## BENEFITS OF LAST YEAR'S BUDGET.\n\nIt has been repeatedly stated,and is stated again in some of thenewspapers this morning,that the concessions I made last year have not  \ngone to the benefit of the consumer.Nothing could be wider of the markthan that statement.Remissions have never been made which morefully attained their purpose than the tax reductions which were madelast year.Two years ago the present Prime Minister,who was thenChancellor of the Exchequer,refused to apply part of the surplus whichhe had to a reduction of the Sugar Duty,as he doubted whether,if thatwere done,the reduction would reach the consumer.I took the risk ayear ago with this result,that when I made the reduction a year agothe price of sugar was 7td.a pound and—I am quoting the figures suppliedby the Minister of Labour-to-day the price is 32d.We took off rd.and the reduction is 3}d.Take now other things.(Hon.Members:\"What about tea?\")  \nSir W.LANE MITCHELL:That was not the fault of the tax.It has nothing to do with it.  \nMr.SNOWDEN:I am very glad to hear the interjection by thehon.Member,in answer to the interjections by hon.Member","cbCailzslq3pODhp","https://ap.wps.com/l/cbCailzslq3pODhp","pdf",801326,12,"English","# The Rich Man's Budget\n## Prices\n## Benefits of Last Year's Budget\n## What Winston Wants to Do\n## Chancellor Surrenders to \"Brass Hats\"","[{\"question\":\"What financial situation does Philip Snowden address at the start?\",\"answer\":\"He discusses the financial situation at the end of the last fiscal year and his interest in the surplus accumulated by that point.\"},{\"question\":\"How does the text argue that last year’s budget benefited consumers?\",\"answer\":\"It claims the tax reductions were made with the intent of reaching consumers and supports this with examples showing changes in prices for sugar and other goods.\"},{\"question\":\"What future tax changes and revenue increases are mentioned?\",\"answer\":\"The speeches reference an expected increase in yields from Estate Duties, Income Tax, and Super-tax, and connect these to conclusions drawn about the extent of depression and who remains better off.\"}]","The Rich Man's Budget - read online free | PDF",1789965559]