The Glenwood post., 1921-03-19
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dumping legislation TO protect Amerl-
can industries from European competj-
ton will be pushed through at the spe-
cial session of congress under deci-
sion reached at a conference today of
Republican members of the senate f.
nance ana the house ways and means
committees with Secretary of the
Treasury Mellon.
Whether tariff or internal tax reci-
sion will be accorded second place on
the fiscal program was left for deter
mination at conference which Chair
man Penrose of the senate committee
and Chairman Fordney of the house
committee plan to hold tomorrow with
President Harding.
The final program, Senator Penrose
said, probably will be announced after
this conference.
Most committee members at today 3
conference were said to favor giving
right of way to tariff revision legisla-
tion.
Agreement, it was said, was unani-
nous against attempting to enact any
temporary stop-gap tariff bill, the feel
ing being that the legislation should be
permanent.
The soldier bonus bill is to be par.
of the Republican fiscal program, Sen
ator Penrose and Representative Ford
ney announced. Financial requirements
of the government for adjustment Of
compensation to former service men
were included in estimates considered
at the conference, and after the meet
ing Senator Penrose predicted that the
bonus bill would be passed early
Prior to the conference Senator Wat
son of Indiana, Republican member
of the finance committee, issued 4
statement declaring internal tax legis
tariff, adding that the business world
expects immediate relief "from the
burden of taxation.'
1--WE should repeal excess profit
taxes and the higher surtaxes and sub
stitute a moderate sales tax and clari-
fly and simplify the administrative fea-
tures of the law,n ne said.
'We should make definite arrange
ments with our debtors to pay fixed
amount each year, so that we may have
definite assurance as to just how much
we may expect.
''We should at once adopt thor
oughgoing budget system, so that we
may cut the costs according to pat
tern, and then proceed to the reduc-
tion of governmental expenses
Members of the committees, in agree
ing to give preference to an anti-dump-
ing bill, also decided to attempt enact
ment of legislation providing for
American valuation of imports.
This legislation would apply to the
ad valorem duties collected under the
Underwood law.
Its result, Senator Penrose and Rep
preventative Fordney said, would be to
increase considerably the revenues,
now calculated on foreign instead of
American values.
The Republican leaders said they ex-
pected to pass the anti-dumping bill
early.
Senator Penrose, after announcing
that the question of priority would he
laid before President Harding, said:
"The final program will then be an
nounced. The preponderance of opinion
was toward the taking up of tariff
legislation first, but with the suggestion
that as nearly as concurently as posi-
Bile there should be action revenue leg
islation, so as to assure the taxpayers
of relief.''
Referring to the sentiment against
attempting a temporary or make-shift
tariff bill, Senator Penrose said "both
committees are awe TO Ihe require
ments of the agricultural situation.'
THE opinion seemed to be- he
added, ''that temporary tariff legisla-
ton would not be practicable; that
such an attempt would be practically
defeated in the senate by the efforts
to load it down with other schedules. ="
Chairman Fordney said he believed
the house committee might have tar
itf bill ready when the extra session
convenes, April IL.
"It would be brought out right
away quick" he said, land passed
within ten days.
| Whether additional hearings will be
rcquired on tariff legislation was not
Of tnIoy ,. ,nnfara,.a Dat,