Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-08-15
TAX REVISION
UP TO G. @. P.
OF THEHOUSE
Other Bushes Suspended Un-
til Agreement Is Reached
on Measure.
KILL EXCESS PROFIT TAX
Revenue Yield Reduced by
s6OO,OOO,OOO, or About Sc
Per Capita.

WASHINGTON, AGS. 10--hepuO-
Iican members Of the House will en-
deavor to take a final vote on the
tax revision bill on next Saturday,
Republican Leader Mondell an
nounced this afternoon when Re
publican conference was held to con-
slider the bill
The House adjourned until 5
o'clock.
Democrats will caucus on the bill
at 4 o'clock tomorrow afternoon.
WASHINGTON, Aug. 15.-The tax
revision, prepared by Republican
members of the House Ways and
Means Committee after consultation
with President Harding, was sub
mitted today to the Republican mem
bership of the House for indorse-
ment
All legislative business lefore the
House was suspended until there could
be an agreement on the tax legislation
and promise Of party support for the
measure when II is brought before the
House Wednesday for consideration The
Republican leaders would take no
chances OF having It shot to pieces by
amendments, proposed either by dis
satisfied Republicans or ~ Democrats.
THINKS MEASURE
WILL BE APPROVED.
Republican Leader Mondell said he
had no doubt as to the final and hearty
approval to be given the bill by the
House to reduce and redistribute equit-
ably the tax burdens on rich and poor
alike. The revision OF taxes proposed is
estimated to reduce the tax yield about
s6OO 100000. or about Sc per capita.
internal taxes under the Law, as
changed, viii produce an estimated So
OOoOOOOoO annually for support Of the
Government Secretary Mellon estimates
that something over 81 1000. 100000 viii be
needed By the treasury during the next
fiscal year. The ADDITIONAL SI,OO0ooO,Ooo
Is 10 be made up from custom dutless
miscellaneous receipts, salvage from
sales Of surplus war materials. increased
receipts from back and current taxes,
and reductions in expenditures by the
Government.
CARRIES OUT
CAMPAIGN PLEDGE.
The tax revision submitted 70 the Re
publican conference carries out the Re
publican pre-election pledges to repeal
the excess profits taxes, transportation
taxes and the heavy surtaIes on income
in the interest Of business rehabilitation
and to get rid Of the small taxes Of ice
cream. soda waters, luxuries and things
which have proved vexatious % the peo-
pie.
The proposed increase "a the income
tax is intended TO absorb some OF the
losses from repeal OF the taxes bearing
heavily on business and a readlustment
was made of the luxuries and nuisance
taxes TO place part Of them on the manu-
facturer instead OF the purchaser
LARGER EXEMPTION
FOR MARRIED MEN.
With a desire to escape the criticism
that only taxes on the rich were repealed
or lessened, the Republican Ways and
Means Committee decided to increase ex-
emption on income for married persons
and the exemptions for children and de-
pendents.
The treasury is prepared. By Iegisla-
ton carried in the bin, to make a sharr
drive for the collection OF some part ot
the S1.5O0OOOOO0 back taxes due it under
laws passed since 1915 Many contests
Government as TO the amount OF taxes ac
tually due the Government, and some Of
these cases are pending in the courts
Many others are hanging fire before thS
treasury and the secretary is authorized
to take up such cases and effect an agree
ment as to taxes justly due, accept pay
ment and make final settlement
There Is a new provision IN the bill
for creation Of a tax board OF simplica
tion. This board is to be made up o.
representatives OF taxpayers and treas
ury experts who are 10 work out during
the next two years some plans for making
clearer the tax forms sent out to tax
payers. It is hoped to get these formi
so simplifed that a taxpayer may pay hii
taxes without the help OF high priced Ie
gal experts.
Decisions OF the United States Suprem,
Court affecting tax matters are covered
IN the new tax bill