Pueblo chieftain., 1921-11-01
FIGHT FOR BONUS BILL
HOLDS UP TAX REVISION
Reed Amendment is Attacked
as Legislation For
Glasses

Washington. d. C, oct, 5l.-After
spending the day discussing the sol
diers bonus the senate tonight voted to
retain in the tax revision bill, tiov',vv0
of tax on corporations which had been
proposed for repeal md Topped off
number Of the excise lcvies now IN
force.
An amendment proposing n graduate
corporation capital stock tax at rates
of 81 on each $1,000 OF stock between
5000 and 100000. and s. per Si,eOo
on all over $3.50 600 was adopted.
Reconsidcring its FORMAL action sp-
proving the present five per cent tax
Oh pianos and other musical instru-
mcnts. the senate adopted an amend
ment repeating this tax. The section
proposing per cent levy on sport
ing goods was next eliminated 81 TO
thirty.
The senate got stuck for a time on
the chewing gum section but 1t finally
voted b TO q to repeal this tax the
existing rate of which is three per
Gem and that proposed In the bill . per
cent.
The senate rejected an amendment
to repeal the 10 per cent tax on cam
eras Weighing less than 100 pounds
and on lenses for such cameras. 1t
then rejected motion TO reduce the
tax from ten to per cent. al ii:2o
o'clock tonight the senate recessed un-
Washington, ID. c., Oct. 3l.-Rencwal
OF the nght in the senate for the pas
sage OF the soldiers bonus bill result
ed in further setback today for the
tax revision measure.
Republican leaders forced n night
session but with the bonus issue still
uudisposed of there appeared to be
doubt whether the tax bin could be
brought to a vote before Saturday IL
then.
There was a four hours discussion
today OF the Reed amendment propos
ing 10 continue the excess profits tax
and to seize proceeds to defray the
costs OF the tiyo way adjusted compen-
sation plan.
This was followed by the introduce
ton OF an amendment By Senators
simmons of North Carolina and Walsh
of Massachusetts Democratic members
OF the finance committee proposing
payment OF tho bonus out OF interest
on the nations foreign debt
Tho latter amendment Will not be
formally moved for adoption in the
senate, its authors announced until
action had been taken on the Reed
amendment, Senator Reed is delay
ing formal presentation OF his amend
mcnr until there has been fun dccl-
sion of the question.
Senator Pcnrose In charge of the tax
bill said II was the plan of the ma
tority to move to lay the Reed bill
proposal on the table on grounds that
the soldiers bonus has no place in a
tax measure
Senator New. Republican OF Indiana,
opened the bonus discussion with the
declaration that in his judgment. tho
Reed amendment would be in conflict
with the Constitution in that IL pro-
posed to tax one class of citizens for
the benefit OF another.
This contention was denied by Son-
ator Reed. He declared vote to table
his amendment would be coward $
vote" attacking Secretary Mellon for
recommending delay on tho bonus
measure. he declared the treasury
head was connected with many op-
prossive and powerful financial and
industrial Institutions
Taking M tho excise sections the
senate voted without a roll call aud
with scattering NOS TO repeal the
tax on pianos and other musical i'm
strumcnts.
senator McCumbor called attention
that this tax totqlled tl2,0oo.o o00 an
uually.
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