Arizona republican., 1921-08-08
H0USEEXPECTS ID ACT ON TAX
 REVISION BILL
 WITHIN 10 DAYS
raepubIIean A. P. Leased wIre1

IHepuolican A. F. Leased Wirel
 WASHINGTON. Aug. 7-Majority members of the house ways and means committee expect to get down to the brass tacks of tax revision next week.
 Chairman Fordney said today that the rewriting of levy provisions in the 1918 law probably would begin Monday and that unless an unex- pected snag was encountered, the new bill should be ready in ten days. Leaders generally say house consid- eration will require only a few days.
 The work before the Republican committeeman is to determine the extent of the cuts possible and just where they are to be made. The general belief seems to be that the committee bill will propose repeal of the excess profits tax but the eff fective date remains to be deter mined.
 As a substitute for the excess profits tax, it is planned to increase the corporation income tax from 10 per cent to Is per cent and also to repeal the $2,000 exemption allowed corporations. Chairman Fordney $aid today. however. that it might be Necessary to make some specific pre- vision in the bill to relieve the bur- den 1t has been claimed this would impose on the small corporations.
 He also disclosed a proposal to write into the bill provision taxing the income of the so-called personal service corporations. such as archi- tectural firms, not incorporated, the same as the income of other corpora tions- The supreme court has held that the present law is not applicable to such concerns.
 Mir. Fordney also said it was not proposed to relieve public service corporations from a part of the 15 per cent income tax provision of the bill.
 Aside from revision of these levy sections, the minds of many commit tee members are turned to a repeal of the higher income surtaxes. of all or part of the transportation taxes and of the fountain ice cream levies However, the actual revisions are yet to be agreed upon with indications o1 some fights in the committee.
 It was estimated yesterday by some that immediate repeal of the whole transportation tax, the soda watel tax and the higher surfaces. together with the $55, ,000,00 which the treas ury experts figure will be lost this fiscal year through repeal of the ex- cess profits taxes as of last January 1 would approximate the halt billior dollar cut house Republican leaders insist can be made in the tax levy.
 With such reduction the taxes tt be paid this fiscal year would ap. proximate $3,070. 100000 en the basi. of treasury estimates presented tt the committee. and would includ, 9z35, 000, 900 estimated back taxes. II addition to this income the treasur, figures customs receipts under tn, proposed new tariff law at, $370, ,000, 900 and income from miscellaneou, sources at about $350. .00D. 900, makin, . total of $3,700. .00O 900. as against ar Outgo estimated in the treasur, statement at $4,554,000, GOO.
 Supporters of the tax cut declare however, that the apparent deficit O t764 ,000, 900 would be greatly de, creased through additional collec, tions in back taxes, estimated a probably $100. 0.000, 900, a larger in come from miscellaneous sources ant decreases in expenditures inciudin, those on account of the public deb and the various federal departments