The citizen-Republican. (Scotland, Bon Homme County, S.D.) 1???-19??, 1921-04-14
SAL Es | Ak BILLS,
EME RG[NCY tariff
Of FERED IN HOUSE
Mott Measure for / Per CT, on
Each Sale, Excess Profits,
Special Taxes Repeal, Bach.
arach's More General.

Washington, April 12.-TaX and
tariff questions came to the fore In
the House on the opening day of the
session with the introduction of one
tariff and two revenue bills.
The former is the so called ener
gency agriculture bin passed-by the /.
last congress and vetoed by Presi-
dent Wilson, while both revenue bills
levy sales taxes One was intro
duced by Representative Bacharach,
of New JERSEY, and the other by
Representative Mott, of New York.
Both are republican members of the
ways and means comm ;ttee, to which
both bills were referred They will
be pressed when preparation of new
general revenue bill is undertaken.
Young Presents Tariff Bill.
The emergency tariff bill was in
PRODUCED by Representative Young.
of South Dakota, whose name it will
bear The ways and means COM
mittee is called to meet Tuesday to
consider the bill and adopt the ma
jority report on it prepared by Rep
resentative Young ana which has al
ready been made public.
Mr.. Young plans to call up, the bill
Wednesday, and hopes to get it
through the House either Wednesday
or Thursday.
A minority report which will urge
that the emergency which might have
justified such legislation late last
summer or early fall now has passed
and that the bill will really do the
farmer no good, is being prepared
by Representative Kitchin, demo-
cratic floor leader and ranking min
GRITTY member of the ways and means
committee. 1t will be submitted with
the bill probably Wednesday.
Duties on rs Farm Products.
The bill imposes duties intended
| to be protective upon some IS inn
portant farm products including
| wheat, corn, peanuts. wool, long
4 staple cotton, fresh and frozen meats
! and other articles. 1t is precisely in
| the form as agreed to by conferees
| of the two houses in the last con-
| gress and vetoed by President Will
! son except that it's life is limited
| to six months from approval instead
| Of 10. 1t fixes duty Of 35 cents a
bushel on wheat; 20 per cent ad
| valorem on flour; 15 cents bushel
| on corn; cents a pound on beans; 3
cents on peanuts, 35 cents ,bushel
| on potatoes; 40 cents on onions: 2
cents.a pound on cleaned rice; Is cents
| a pound on wool in the grease, 80 if
| washed and 40 secured with a com
pensatory duty OF 45 cents a pound if
advanced in manufacture beyond the
secured stage. There are also rates
on sheep, cattle. meats both frozen
and fresh. and other products.
The Tax Bills Outlined.
Representative Motifs sales tax bill
! provides a levy Of / per cent. on all
sales and would repeal the excess
profits and some Of the special taxes
Of the revenue bill Of 1918.
Mr.. Bacharach's bill is more gen
eral and not only would levy a sales
tax Of l per cent. on all turnovers but
purposes to put a tax of 10 per cent.
on the undistributed earnings of cor
porations. The sales tax would apply
on transactions of all kinds including
i, real estate. stocks and bonds. hotel
and restaurant bills. garage and re-
pair station bills and places of
anu sement. It. however, allows an
exemption Of $4,000 a year pro rated
monthly intended to relieve the small
dealer from the tax. 1t also elir1i-
mates the $4,000 exemption from cor
poratiOn taxes
For Cut on Income Rate.
With the money raised from these
two sources Mr.. Bacharach's bill
wotiiti reduce the normal rate on in
comes up to $4,000 from to . pei
cent, would reduce the surtax maxi
mum rate from 70 to 40 per cent. and
would begin to apply the surtax a.
$1,000 instead of $4,000; would re
peal the excess profits transporta
ton insurance, theater admission and
club dues taxes and would also re-
peal certain excise taxes including
candy, chewing gum toilet articles
carpets, rugs, wearing apparel, cos
metic and medicinal preparations but
retain the present taxes on .automo-
biles, pianos, organs, jewelry anj
motion picture films.
The revenue from this sourc,
would not be less than 100000, 900
Mr.. Bacharach estimates, while som,