The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-09-20
TAX REVISION BILL
LIKELY TO BE SENT
TO PRESIDENT SOON
Senate Finance Committee For
malIy Approved the House
Measure as Amended.
BE FIRST BUSINESS
WHEN CONGRESS MEETS
Proposals Left Out by Commit
tee to Be Taken Up By
Authors on Floor.
ray Ths Assoelatea Press. /,


revision bill will be sent to the presi-
dent by the latter part of October,
Chairman Penrose predicted today in
announcing that the senate finance
committee had formally approved the
house measure as amended
Neither the Smoot manufacturers
sales tax nor the Calder prposal to
impose a tax of s6.40 a gallon on all
alcoholic liquors withdrawn from bond
for other than manufacturing purposes
will be included in the measure as it
will be presented to the senate We'd
nesday. The authors have given no.
tice, however, that they expect to pre-
sent these amendments on the senate
floor.
Senator Penrose said that as far as
the business of the senate would per-
NIT, It was the purpose to take the
bill up Immediately and to press for
final action. He added that some fea-
lures. particularly the profits tax re-
peal and the proposed reduction of the
maximum income surtax rate to 80
per cent would be opposed from Ger
tain quarters but that there seemed
to be a general desire to expedite pas
sage.
Under these circumstances" he
continued, there is reasonable ex-
pectation that the bill can be passed
in the senate with two weeks consid-
GRAFTON. and ought not to require more
than week in conference. IL that long
time. It is entirely safe. therefore,
for Ia dict that the bill will
-
latter part of October.
1T IS extremely desirable TO have the
bill passed as soon as may be in or
der that treasury officials can have
ample opportunity to frame and prom
ulgate rules and regulations under the
new measure.
IT think the Amendments to be pre-
. sented to the senate improve the bill,
which will produce the revenue re-
quired and contains many features
ameliorating conditions now burden
some to the taxpayer"
While treasury experts have yet to
complete their final estimate as to
the total revenue that probably would
be raised this fiscal year under the
measure as amended, it was stated
that the amount would not be less than
So, 200 900 900, the minimum which Sec
retary Mellon informed the committee
wuold be necessary. For the next fis-
cal year it is estimated roughly that
the return would be around s2.7OO, ,0O0.-
900.
The Snoot sales tax plan was dis
cussed further in the committee to-
day with treasury experts participat-
ing, but Chairman Penrose said that
Senator Smoot had stated afterwards
that he was willing not to press the
amendment In the committee, but
would reserve the right to submit it to
take vote on the proposal, the chair
man added.
The Calder whiskey tax amendment
already has been accepted in principal
by the committee, and Senator Penrose
said the New York senator would pre-
sent it in the senate practically as a
committee amendment. Senator Calder
also has reserved the right to offer
another eamendment to tax 2.75 per
cent beer at the rate of SIS barrel.
Before finally approving the bill, the
committee voted two additional
changes. Under one, amusement ad-
mission charges not exceeding 10 cents
would be exempt from the / cent tax
imposed by the present law. Under the
other, hotels would pay tax Of 10
per cent on the entire amount charged
to transients for rooms, if the sum ex-
ceeded SIS for one person and sS for two
persons. AS originally presented by
Senator Reed. democrat, of Missouri,
the tax would have been paid only on
the amount by which the charge ex-
ceeded these sums.
In the absence of Senator Simmons,
Of North Carolina, the plans of demo-
cratic committeeman with regard to
the bin were not announced, but it is
expected they win submit a minority
report attacking several features of
the bill. particularly those dealing
with excess profits and income sur
taxes. Senator LaFollette, Of Wiscon-
sin, and some other republicans also
are expected to oppose some sections
of the measure.