The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1921-08-06
TAX REDUCTION
Of HALF BILLION
Republican House Leaders
Think 1t Can Be
Effected
DEMOCRATS CLAIM
BIG DEFICIT SURE
Madden Opposes Paying Railroads In
One Year and Would Reduce Public
Debt Expenditures Farmers May
Fight Excess Profits Repeal.

WASHINGTON, Aug. 6.-Treasury
experts and Republican leaders in the
house of representatives are far apart
in their estimates of federal expenditures
and income for this fiscal year
The committee dealing with tax re-
vision has before it figures prepared by
Chairman Madden of the appropriations
committee. which are said to show
smaller probable outgo than given in
Secretary Melons statement of Thurs
day and considerably larger income.
Other house leaders also have prepared
their own estimates and on the basis of
the whole they insist that it will be en-
tirely possible to reduce taxes by half
billion dollars Democratic leaders,
on the other hand. say there is to be
huge deficit at the end of the year.
f. Representative Madden said congress
could be depended upon to keep down ex-
penditures. We have got to keep our
noses to the grindstone," he declared.
Madden Outlines His Ideas.
Discussing the probable income and
outgO this year. Mr.. Madden outlined
some of the ways in which he thought
expenditure could be kept down and 9th
ers proposed for this year distributed
over several years. He declared that the
people ought not to be assessed in SIN
gle year to pay the SJ45, 100000 due the
railroads under the transportation act
and federal control. adding that by
spreading this sum out there would be
a big reduction in estimated expendi-
lures this year.
Mr.. Madden also was of the opinion
that there should be some reductions in
the estimated SOL 100000 expenditures
on account of the public debt
4 t,1 Ip MI
atoms committee chairman said treasury
officers had agreed that probably $l0O.-
100000 more could be collected on ac-
count of back taxes than the 500 600.
600 total given in treasury estimates. He
also believed that miscellaneous revenues
for the year would be larger than had
been estimated.
Half Billion Cut Practical
In a statement published Yesterday
however. Representative Mondell of Wy
oming, the Republican leader. declares
that in his judgment it is entirely prac-
teal re- reduce the total tax levy by
$500. 0OO.OO0 and still take care of the
essential needs of the government.
4 realize he added that if all the
bureaus. departments and agencies of the
government expended the sums they have
heretofore anticipated spending. and in
addition to that we We're called upon in
n variety of ways to make large expen-
ditureS in the actual reduction of the
sum total of the public debt. over and
above the sinking fund expenditures. we
could not reduce revenues. But neither
of these things should happen"
Republican members of the ways and
means committee continued work yeSter-
day on revision of the revenue law, con-
fining themselves largely to changes in
administrative and other features de-
signed to simplify the tax problem both
for internal revenue officers and the tax
payers.
Farmers to Fight Repeal.
According to Charles A. Lyman. Sec
retary-treasurer of the national board of
/ farm organizations. the associations of
farmers over the country are preparing
to launch a determined fight against re
peal~of the excess profits tax. These or
/ CARNATIONS already have given their
views on this question to the ways and
means committee and Mr.. Lyman says
| If the committee reports a bill with Il re-
peal provision the farmers will appeal to
the agricultural bloc and all other
friends in congress to work for its defeat.