The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1921-11-03
BONUS Chief ISSUE
Excess Profits and Sales Taxes
Delay Revenue Revision.
viii Take Senate Day for Each
Amendment.
SALES TAX GAINING GROUND
Senate Poll Shows Only Twelve
Against SmOOt Plan.
Stock Stamp Tax Adopted
Without Record Vote.
SALES TAX GAINING GROUND

Washington, Nov. S.-The tax re-
vision fight in the senate had mar
rowed down today to three principal
issues-the soldiers bonus, excess
profits amendment. the sales tax and
the corporation income tax Senators
in charge of the measure thought
and that the bill could be passed by
Saturday night at the latest.
Consideration of the revenue meas
ure for committee and individual
amendments was concluded last night
and Senator Penrose of Pennsylvania.
in charge of the bill, hoped to get to
the big issues Immediately after the
senate convened today. Whether the
soldiers bonus or sales tax fight would
come first had not been determined.
VIII Take Day Each.
Each of these issues was expected to
be good for the major portion of a day
and extended debate was in prospect.
! Senator Reed, Democrat Missouri,
was to lead the fight for soldiers bo-
rus, supported by Senators Simmons
. of North Carolina, Walsh of Massa-
chusetts, and other Democrats.
! Senator Lenroot, Republican, Wis
consin, was to head the senators op-
! posing the sales tax, while Senator
| Smoot, Republican, Utah. author of
the sales tax plan, counted on the
/ support of a number of senators from
| eastern states in carrying the debate.
! The quiet campaign among senators
! for this form of taxation was being
continued and opponents conceded
| that the vote would be close but with
a majority against the Smoot plan.
! Stock Stamp Tax Approved.
| An amendment offered by Senator
Pittman. Democrat. of Nevada. pro-
viding for a stamp tax of l cent on
; each $40 or fraction thereof of the
value of capital stock that does not
| exceed 800 per share, was adopted
/ by the senate without a record vote.
The amendment did not affect the
/ committee amendment previously
agreed upon which imposes a tax of
5 cents on each 500 or fraction there
! fore. of the par value of capital stock
in excess of 500.
The fight for the sales tax was
| launched today in the senate by Sena-
! tor Smoot. Republican, Utah, after the
| tax revision measure had been per-
! fected with committee and individual
| amendments disposed of. Proponents
of the sales levy said they went into
| the fight with forty votes pledged for
| their plan.
The rising tide of approval that has
set in in favor of Senator Smoots
| modified sales tax plan, gave promise
+, today of sweeping it into the pending
compromise tax bill, it's supporters
| declared.
Senator Penrose. Republican, of
! PENNSYLVANIA, chairman of the senate
finance committee. in charge of the
| pending measure, declared that much
/ depends upon the outcome of the i'm
pending verbal battle over the SmooI
| plan, in which Senator Lenroot. Re
publican, of Wisconsin. is to be its
| chief adversary.
Only Twelve Against.
| Opponents of the plan on the Re-
publican side who's number was dis
| closed to be but twelve, after careful
canvass made by Republican leaders,
as compared with thirty pledged to
vote for it, were counting much on
Democratic opposition to aid them in
preventing its adoption.
Democratic members of the senate
| finance committee, stated that a can
vass of the Democratic side had failed
to reveal more than four or five of
| the minority who were favorable to
| the sales tax idea.
| It's supporters, however. professed
| to find encoura cement in the an
nouncement by Senator Penrose that
he would not oppose the Smoot plan,
altho he did not expect to vote for il
and would insist upon fair and inn
partial consideration" of it.