The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1921-09-21
House RecOnvenes Under
Agreement for Three
Day Recesses for
Two Weeks
SENATE PROCEEDS
AT FULL SPEED
AFTER TODAY'S PERFUNCTORY
MEETING, UPPER BODY WILL
BEGIN SERIOUS WORK
FOR SESSION.

Washington, Sept. 2l-C'ongress is
10 reconvene at noon today, after a
recess which began August "A. Tn.
der agreement however, that body Is
TO begin Immediately series Of three
day recesses until October 4. while the
Senate goes ahead full speed On
tax revision, the raj fcaticr OF peace
treaties with Germany, Austria and
Hungary and "a number Of other i'm.
portant matters including the anti.
beer. railroad debt funding. allied debt
refunding and Panama Canal toll
bills.
Presentation to the senate Of the
peace treaties and possibly of the
revenue bill was expected to be tn.
principal events today, although there
was possibility that only Il perfume
tory session would be held and busi.
ness put over until tomorrow. The
tax measure vas to be reported out
by the finance committee and the
peace treaties were TO be transmit-
ted with a brief note by Tresideni
Harding.
A lively fight on the tax bill il
promised. The demands rlan NJ,
only 10 make minority report on
the bill but to attack it vigorously
from The floor. They count Upon sup
port in part Of their fight at least
from Senator Ia Toilette of Wisconsin
and some other members on the re.
publican side. According . iemocra
tic leaders. theil guns will DC trained
particularly against provisions for re
peal OF the excess profits tax and q
reduction of the maximum income
surtax rate. Senator Ia Toilette. has
also stated his opposition to thes.
particular features Of the measure
as they now stand and some repub
licar senator's in the agricultural
bloc" also are. understood to b,
against them.
After the committee bill has beer
perfected by the senate, Senator
Smoot OF Utah. proposes to offer a.
Il substitute his tax simplificatior
bill with its proposal for "a manufac-
turers sales tax. Considerable dis
cussion Of this measure Is In pros
pect. but Senator Penrose believe,
that two weeks consideration by tn,
senate will be sufficient. As III,
house bill goes TO the senate ii car
ries only two major levies provision,
in their original form. These pro
vide for repeal OF the excess profit,
tax also Of next January ]. and FOL
increased exemption 10 heads OF fam
ilies having net income of 81 .00(
or less on account OF dependents. re-
troactive TO last January !.
While the senate committee agreed
TO the house proposal To reduce thC
maximum surtax rates from 65 pei
cent 10 S2 per cent. It changed som,
OF the rates below the latter figure
so as to bring about some reductions
In the amount Of taxes to be paiC
by all individuals. except single mer
having incomes of $4,000 or less
other major provisions in the bill
as revised are:
An increase OF five per cent In tn,
corporation income tax. effective mex
January |.
Retention OF the transportation
taxes, but with the rates on freight
and passengers reduced one and hal
with provisions for their repeal OF
January l, 1924.
Repeal Of the corporation capita
stock tax, beginning In 1929.
The bill also proposes substitution
Of manufacturers taxes for the 10
called luxury and nuisance" taxc'
now collected direct from the public
Tho senate committee made changes
in n number Of these provisions o.
the house bin, but these already hsy,
been made public.