[712] Journal 90, fos. 71-80b.
[713] Journal House of Commons, lxix, 231.
[714] Journal 89, fos. 61b-64b.
[715] Journal House of Commons, lxix, 450.
[716] Journal 89, fos. 352-353b.
[717] Journal 89, fos. 368-368b; Journal 90, fo. 57b.
[CHAPTER XLIII.]
The City opposes renewal of Income Tax, Feb., 1816.
Now that the war was over, a period of tranquillity, prosperity and retrenchment was eagerly looked for. The country therefore experienced bitter disappointment when, on the resumption of the parliamentary session in February (1816), the government declared its intention of continuing to levy the income or property tax (which, from the first, had been avowedly a war tax) although the assessment was to be reduced by one-half. The citizens were among the first to express their indignation at such a proceeding. The Common Council and the livery passed a number of resolutions against the continuance of a tax that was at once inquisitorial, unjust and vexatious, and both bodies presented petitions to parliament against its renewal.[718] The Common Council submitted to the House that having patiently endured great burdens and privations during a war of unexampled difficulty they had naturally expected that on the return of peace "they should have been relieved from the burthens of war establishments and war taxes, that at least the most obnoxious and oppressive of them would have been removed, and they confidently hoped that by such reductions in the public expenditure with the necessary reformations and the abolishing of all unnecessary places, pensions and sinecures, there would have been no pretence for the continuance of a tax subversive of freedom and destructive to the peace and happiness of the people." The livery for their part reminded the House that the first imposition of the tax was accompanied by "the most unequivocal and solemn declaration that the same should be withdrawn immediately after the termination of the then existing hostilities," and they expressed the utmost surprise and indignation at the government proposing to continue the oppressive and odious tax now that peace had been restored. As for the proposed reduction from ten to five per cent. the change so far from being likely to render the tax less vexatious would produce the opposite effect, and would, in their opinion, "be the occasion of the most degrading and inquisitorial proceedings, worse, if possible, than have been experienced under the former pressure of this heavy burden." The outcry of the city was quickly taken up by the country, and such a flood of petitions against the renewal of the tax poured in that the government had to give way and the tax was abandoned.
Agricultural depression, 1811-1815.