Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-08-15
REPUBLICAN 7 AK
|B|LL ATTACKED BY
| CHAIRMAN WHITE
Head Of Democratic Com
mittcc Says Business
Will MOI BE Fooled.
EEES REPUTATION OF
MELLON BY PRESIDENT
.allS Fordncy New Financial
Guide of the Harding
Administration.
\MrAI.N PROMISE FAILS
+"!~ 'r"n"s-d Rc,cnuc Act IL Po-
iiiirai Juggling and VIII
Not satisfy.
FEES REPUTATION OF
MELLON BY PRESIDENT
\MrAHN PROMISE
n!~ Proposed Revenue Act IL Pn-
Hiicai Juggling and VIII
Not satisfy.
LIiv Assocla,cI rr.ss-I

- N'S''Id Nti lI'HS.
wASiilNGToN Aug. ii-The ad-
klinistrntion tax revision program,
pas attacked tonight by Chairman
White. OF tn. Democratic National
omhi,tcc. who declared in for
4'a' statement that business mon
R'ould not bc fooled by tho methods
dopt"d by the Republicans in or
3cr 10 make a false show OF econ
8my."
\ can tax bill program decided upon
u the recent White IIous" confer
1Eec. said MIR White. has only
lddcd confusion ana uncertainty To
'ihe governments fiscal situation. ana
business and financial circles gem
Jrlily are surprised and disdppcint-
HI at President IIarding's rcpudla-
ON Of Secretary OF the Treasury
ici!on az his fiscal adviser and his
ccognition instead of Chairman
| Iordncy, OF the Ways and Means
II Iommittcc. as the financial guide OF
lts administration.
4 Optimistic Mr. Fordnry.
Secretary Mellon told Congress
1rcsumably with the knowledge AMI
pproval Of the President. that he
\ t'ill need si,55i.0C0.G 900 To meet gov
rnment expenditures for the next
D seal year. lie told Congress also.
n view OF these expenditures that
| axes cannot be reduced.
This meant. OF course, that III.
,Gcpubl!can campaign promise To re-
ynce taxes would not. and In fact
.ould not be kept.
chairman Fordney. who wrote the
Wonderful tariH bill. OF which the
3cna,c Is expected To leave only the
l ;lnactinE clause. came To tho poi!:i-
! 1al rescue OF the administration, and
announced a plan to reduce taxes re.
ardlcss OF the amount Jf money
II ould create deficit TO be taEer
are Of Oy borrowing the money.
nus increasing the public debt, but
the optimistic Air. Fordney saw
his plan would make il appca.
nat the party Was i:ccpinG It's cam
aign pledge To reduce taxes. and
IS making grand record OF econ .
my.
Juggling the Taxes.
Upon his return from his vaca-
ION, President Harding was called
pom Ia choose between the Mellon
Ian of providing for enough rcvc-
uc 10 meet expenditures and the
ordncy plan for Juggling the taxes
Sy the fictitious reductions and a
tlse show OF economy. He chose the
'ordney plan. seemingly sacrihcinu
honest tinancia! policy TO protec,
Xpedicncy. which ought To deceive
obody.
The business world has waite; i
b,ng FOR sane and honest revenue
ct. in order 10 adjust its affairs and
Escape the business Stagnation
auscd by two years delay under Re-
ublican rule in revising the inter.
ai taxes. IL will not be satisfied
ith this sort Of political jugGlcry
pcakinS as business man myself
warn the Republican, administra-
ion that business men will not be
ooled by such methods in order 10
bake false show OF economy"
The ways and Means Conmittc,
raft of the tax revision was put III
orm today for presentation tomor-
3ow TO the conference of House Re-
u5licans, which will decide upon
he procedure for House consdera
ion. which IS expected TO begin on
"Wednesday and end with II vote lat,
aturday