The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-03-15
SOLDIER BONUS
TO Be INCLUDED
IN THE PROGRAM
Compensation to Former Ser
vice Men Included in the
/ Estimates.
PROPOSE TO REPEAL
EXCESS PROFIT TAX
Members of Senate and House
Committees to Meet
President Today.
(ey The Associated Press.l

WASHINGTON. March 14-Wheth-
er tariff or internal tax revision shall
be accorded second place on the fiscal
program was left for final determine :
tion at a conference which Chairman
Penrose of the senate committee, and
Chairman Fordney, of the house com
mittee. plan to hold tomorrow with
President Harding. The final pro-
gram. Senator Penrose said. probably
will be announced after this confer
ence. The majority of committee
members attending today's conference
were said to favor giving right of way
TO tariff revision legislation. Agree
ment IL was said, was unanimous
against attempting to enact any tenn
porary stop-gap tariff bill, the feel
ing being that any tariff legislation
enacted should be of permanent ma
ture. q
The soldier bonus BILL a collateral
issue. is to be a part of the fiscal
program Senator Penrose and Repre-
sentative Fordney announced.
Financial requirements of the gov
ernment for adjustment of compensa-
tion to former service men were in
cluded in the estimates considered at
the conference and at the close of the
meeting, Senator Penrose predicted
that the bonus bill would be passed ut
an early date
All Of the republican senators of
the financial committee, and all ex
cept three OF the republican members
OF the house ways and means commit
tee, participated in today's conference.
Secretary Mellon was accompanied by
a staff Of experts.
Anti dumping legislation, to protect
American industries from European
competition will be rushed through at
the special session of congress under
day of republican members of the SEN
ate finance and the house ways and
means committees with Secretary of
the Treasury Mellon.
Prior TO the conference Senator
Watson of Indiana, one of the repub-
lican members of the finance commit
tee, issued a statement declaring that
internal tax legislation should pre-
cede revision of the tariff, adding that
the business world expects immediate
relief from the great burden of tax
alton now imposed upon It,"
I'VE should at once repeal excess
profits taxes and the higher sur taxes
and substitute for them a moderate
sales tax and at the same time clarity
and simplify the administrative fea-
lures of the law" Senator Wtason
added
I'VE should make definite arrange
ments with our debtors to pay a fixed
amount each year, whatever the sum.
so that we may have definite assur-
ances as to just how much we may
expect from that quarter"
The members OF the two committees
in agreeing to give preference to an
anti dumping bin also decided to at
tempt enactment of legislation pro-
viding for American valuation of inn !
ports. This legislation would apply to
the ad valorem duties collected under |
the present Underwood law and is a |
policy which is planned to write into
the new tariff legislation. It's result,
Senator Penrose and Representative
Fordney said, would to be increase
considerably the revenues now calcu-
Continued On Page Two.)