Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1921-09-20

AEudtoI cuFOSc Sdlu LQAC so 1Af al
the business of the senate would permit,
1t proposed to take the bill up immedi-
ately and press for final action. He
added that some features, particularly
the profits tax repeal and the proposed
reduction of the maximum income sur
tax rate to 30 per cent, would be op-
posed from certain quarters, but that
there seemed to be a general desire to
expedite passage.
nder these circumstances" he con-
tlnued, there is reasonable expectation
that the bill can be passed in the senate
with two weeks consideration and ought
not to require more than week in CON
ference, if that long a time. 1t is entir-
ely safe. therefore, for me to predict
that the bill will be sent to the presi-
dent during the latter part of October.
viii Hurry Action.
1T is extremely desirable to have the
Dill passed as soon as may be, in order
that treasury officials can have ample
opportunity to frame and promulgate
rules and regulations under the new
measure.
i think the amendments to be pre-
sented to the senate improve the bill.
wnich viii produce the revenue required
and contains many features ameioriat
ing conditions now burdensome to the
tax payer"
While treasury experts have vet to
complete their final estimate as to the
total revenue that probably will he real-
lied this fiscal year under the measure
as amended, it was stated that the
a amount would not beb1ess than 1920
,.'y. wu;VoU. the minimum which Secretary
Mellon Informed the committee would be-
necessary. For the next fiscal year. it
Is estlmated roughly that the return
would be around $4,000, 100000.
Smoot Sales Tax Discussed.
The Smoot sales tax plan was dis
cused further in the committee with
treasury experts, but Chairman Pen
rose SAID Senator Smoot had stated aft
efwards that he was willing not to press
the amendment in the committee. but
would reserve the right to submit it to
the senate
The Calder whisky tax amendment
already has been accepted in principle
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 an
other amendment to tax 275 per cent
beer at the rate of S. a barrel.
Before finally approving the bill, the
committee voted two additional changes.
nder one. amusement admiaeion
charges not exceeding 10 cents Mol he !,
exempt from the one cent tax 3 Il
by the present law. s
Put Tax on Hotels
nder the other. hotels @
4 tax of 10 per cent on g
mount charged to transients fO&
the sum exceeds S. for one r.
md IS for two persons AS orieiS 4
presented by Senator Reed. Democr1fl
Missouri. the tax would have been paid
'niy on the amount by which the charge
Exceeded these sums. 7.
In the absence of Senator Simmons
# North Carolina, the plans of Demo-
ratic committeeman with regard to the
ill were not announced. but it is ex-
'ected they will submit minority re-
'ort attacking several features of the
ill. particularly those dealing with ex-
ess profits and income surtaxes, Sem
tor LaFollette of Wisconsin, and
ONE other republicans also are ex-
ected to oppose some sections of the
leaSure. -