The Arvada enterprise., 1920-12-30
sGcRErARy HOUSTON svsMirs
EsrlMATE ON eoMUs BILL
At $500 100000.
WANTSTAx BURDEN CUT
MAXIMUM COST or VOCATIONAL
TRAINING AID sEr At
e,Seo,aooooo.

Washington, Do0 N.-ApproxImAte
u $2S00, 100000 was the estimate sub
nittsd by Secretary Houston Of the
Treasury Department ~ the cost Of
carrying out provissons Of the soldiers
bonus blu.
The treasury secretary presented
~ estimate to the Senate finance
es0aittee without comment, other
than 70 urge that no legislation be CO.
acted which would lay an additional
burden on the nations finances. The
estimate was accompanied BY figures
showing the epst Of carrying out any
one Of the five optional provisions Of
de- bonus bin provided all former serv.
Ice men chose q single plan. The fig.
ures for the various plans ranged from
31,Sl2 400, 900 for the adjusted pay
provisions. to e4,6s2, 000, 900 for insur.
snee provisions,
The maximum possible cost Of the
vocational training aid and the form
and home development plans were
placed at 81 90, 000. O00 each. while the
secretary said the NTH provision, .
plan for land settlement, held 10 many
uncertainties that It was impossible to
estimate the possible expenditure.
eubmission Of the estimated total
est made an apparent impression up
q members Of the committee which
= Considering the bonus bill as passed
By the House at the last session. Mem
hers declined to forecast the decision
Of the committee on the question Of No
porting out the measure. but It was
recalled that Senator McCumber. Re
Publican. Of North Dakota. stated at
he opening Of hearings on the bin
that tn passage would depend largely
"a the state Of government finances,
and that Mr.. Houston had testified the
treasury with normal expenditures.
would have q deficit Of $2,1OO.O0O.O0O
for the year ending next June 80, and
Q deficit Of 1880. 0OO. 900 for the fol.
lowing twelve months.
During Mr. Houston's testimony It
became increasingly evident that the
present treasury administration does
oot desire either to advise or recon.
mend with respect to legislation pro-
vidlng for greater governmental OK.
penditures. The secretary made plain
- the. committee his thought In sub.
mitting n list II possible sources Of
new taxes In his annual report. say
Ing they were for the information Of
Congress and were In no sense more
than suggestions.
Reiterating his opposition to revival
Of the war finance corporation, Mr..
Houston declared the present sources
Of revenue were fast declining. and
added that he knew not where the
money was to come from to meet the
bouus payment should the bin be en-.
acted into Law.
DR.. r. 8. Adams, treasury economist
and tax expert, at the suggestion Of
NJ. Houston, gave the committee .
eosaplete statement OF revenue obtain.
able from the various taxes suggested
to Congress In Mr.. Houaton's annual
report. He pointed to many new
sources which might be utilized. but ex.
paained that much OF the question Of
raising = tax levy conferred first In the
determination Of revenue policy,
which only Congress could provide.
Or. Adams also suggested that Oss
Of the greatest needs was slm2lifi.
cation Of the revenue laws, = state.
oent concurred In by Senator SmOot,
Republican. OF Utah. who said there
vas IN evident need for enactment Of
tax laws (which the average man can
understand"