Sioux County pioneer., 1921-12-01
Executive Signature Is Attached
Less Than An Hour After Its
Passage BY Senate.
MEASURE IS CRITICIZED
During the Four Hours Of Debate Pre-
eedlns Vote Bill Received But
Little commendatlon by
r Senator's.

Washington-The tax revision bill
became law, President Harding sign.
ing it at the capitol during the closing
hour of the special session of Con.
gress.
The executive signature was attach
ed within less than one hour after the
Senate had completed enactment of
the Measure by agreeing to the con.
ference report by vote Of 80 to 20. Six
Republicans. Borah, Ladd, LaFollette,
Moses, Norbeck and Norris, voted
against the report, and one Democrat,
Broussard, voted for 1t.
The bill, as finally passed, makes
numerous changes in the old tax laws,
but the structure of the wartime tax
law is retained. The principal changes
are as follows:
Excess profits taxes repealed, effec.
tive January l, 1922.
All transportation taxes, including
taxes on freight-passenger and Pull.
man transportation, the tax on express
and parcelpost packages and oil by
pipeline are repealed, effective Jan
uary l, 1922.
Nuisance Taxes Repealed.
All so-called nuisance" taxes are re.
pealed. They include the soda foun.
tain tax and direct consumption taxes
on wearing apparel and many Of the
so-called 'luxuries," including furs.
Taxes on medicines and cosmetics
are repealed.
Taxes on such articles as canes,
travelling bags, pocketboks, fans, etc,
sold above certain price, are cut in
half, and levied on manufacturers.
Income surtaxes are reduced from q
maximum Of 65 per cent to minimum
of so per cent.
Normal income tax rates are un.
changed, but additional exemptions are
granted. Heads of families are grant.
ed an exemption of $2,500, instead OF
$4,000. If their income is $4,000 or less,
and the exemption for dependents is
increased from 5000 to s40O. Ministers
are also granted an exemption for the
amount of rental Of their homes, and
business men are granted an exemp.
tton for the amount they spend for &C.
tual living expenses while away from
home on business.
Tobacco Levies Retained.
Existing taxes on tobacco and on
liquorsare retained, as are also the
taxes on theater tickets and other ad.
,nissions.
In the four hours Of debate, which
preceded the Senate vote, the bill re.
eeived little of commendation, and
rauch Of condemnation. Every sem
ator who spoke-and there were near.
- a dozen-had some complaint to
make, while several sharply criticized
the bill as whole. Senator Calder,
Republican, New York, declared Ii
would be disappointment to the
people of this country" and Senator
Smoot, Republican, Utah, said: "The
people from one end of the country
to the other are not satisfied with the
bill.''
Senator smoot declared that he
thought in 1922, the bill would "be
amended, and materially amended
because Of its discriminatory taxes
and the high surtaxes.
The managers. on part of the Senate
were assailed by Senator Hitchcock
Democrat, Nebraska, and others, who
asserted that they represented in their
negotiations with the House managere
not the sentiment of the majority 'oi
the Senate, but only that Of the
dominant element" Of the Republi
cans-in the Senate. Al