Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-11-01
SOLDIER BONUS
F F|CHT RENEWEO
4, =. THE SENATE
ISsf Proposes to Continue
eS/e Express Profits Tax
of End to Seize Proceeds
SIfor Ex-ServiCe Men.
(By The Associated Press.)

Washington, Oct. 31.-Renewal
Of the fight in the senate for the
passage of the soldiers bonus bill
resulted in further setback to-
day for the tax revision measure.
Republican leaders forced a night
session, but with the bonus issue
still undisposed of, there appeared
to be doubt whether the tax bill
could be brought to vote before
Saturday, if then.
There was a four hours discus
sion today of the Reed amend
ment proposing to continue the
excess profits tax and to seize pro-
ceeds to defray the costs of the
five-way adjusted compensation
plan.
This was followed by the intro
duction of an amendment by Sem
ators Simmons of North Carolina,
and Walsh of Massachusetts. DEM
oeratic members on the finance
committee, proposing payment of
the bonus out of the interest on
the nations foreign debt.
The latter amendment will not
be formally moved for adoption in
the senate, it's authors announced,
until action has been taken on the
Reed amendment. Senator Reed is
delaying formal presentation of his
amendment until there has been
full discussion of the question.
Will Move to Table.
Senator Penrose, in charge of
taz l.; a. i
of the majority to move to lay the
Reed proposal on the table on
grounds that the soldier bonus has
no place in tax measure.
Senator New, republican, Indi-
ana, opened the bonus discussion
with, the declaration that, in his
judgment, the Reed amendment
would be in conflict with the con-
stitution. in that it proposed to tax
one class of citizens for the bene-
fit of another,
Senator Reed. He declared a vote
to table his amendment would be
a towards vote.t Attacking Sec
rotary Mellon for recommending
delay on the bonus measures, he
declared the treasury head was
connected with many oppressive
and powerful financial and indus
trial institutions"
Taking up the excise sections,
the senate voted, without roll
call, and with only scattering
"noes" to repeal the tax on the
tax on pianos and other musical
instruments. Senator McCumber
called attention that this tax to-
tailed $12,000,000 annually.
BY 81 to 80 the senate adopted
the compromise amendment strik-
ing out the section imposing the 5
per cent tax on sporting goods.
Another Sharp Fight.
Another sharp fight preceded re-
lection by the senate, II to II, OF
an amendment to the capital stock
section offered by Senator Reed.
1t proposed graduated capital
stock tax In lieu of the one dollar
flat rate on each $1,000 in excess
of $4,000.
Senator Simmons then proposed
a graduated tax ranging from 81
to 81. The amendment was laid on
the table, SO to 20.
By Al to 16, the senate accepted
an amendment to the capital stock
tax. proposed by Senator Lenroot,
republican, Wisconsin, fixing the
rate at 81 thousand on each thou
sand above $1,000 and below s3.-
100000 and two dollars on each
thousand In excess of $3,000,000
This was practically the same as
the second proposal by Senator
Simmons and the latter withdrew
HIS amendment.
The senate then adopted without
a roll call the capital stock tax as