Northern Wisconsin advertiser. [volume] (Wabeno, Wis.) 1898-1925, 1921-10-14
Changes in Tax Bill Proposed
BY the Democrats and the
"Agrarian Bloc"
GENERAL WOOD IS RETIRED
President Asks Local Cooperation in
Relieving Unemployment Conditions
-Premiers BRAND and Lloyd
George May Attend the Great
Conference In Washington.
BY EDWARD w. PlcKARD.

The peril that resides in overwhelm-
ing maiorities, always recognized by
politicians, is being demonstrated
again to the Republicans in congress
in the case OF the tax bill. The senate
Republicans have been split up into
several groups that SO far have been
unable to agree on the changes TO be
made in the measure as passed by the
house, and the Democratic minority,
consequently. is hopeful of carrying
out it's program. The main features
of this are:
A higher surtax rate than 80 per
cent to affect incomes In excess OF
$5OO,000
A graduated corporation income tax
in place of the proposed 10 per cent
rate.
Retention of the corporation capital
stock tax.
Repeal of the freight, passenger and
Pullman transportation taxes and of
the $4,000 exemption allowed to cor
porations.
Decreased normal income tax rates
Senators Mccormick, Capper, Len
root and others of the so called
agrarian bloc, together with number
of other Republicans, have been work
ing hard to devise program that will
be acceptable TO majority OF the
senate, and the one they have drawn
I'D tentatively includes the following
changes:
A graduated corporation income
tax instead of a fiat tax as substi-
tute for the excess profits tax.
Further reduction in the lower sur
tax rates on individual incomes, but
an Increase from the 30 per cent maxi
mum in the bill to so per cent. which
represents a compromise between the
proposed maximum and the rate of
50 per cent present law.
Retention of the corporation cap
itaI stock tax which is repealed in the
senate committee bill.
An increase in the higher rates of
estate taxes.
Repea, of the taxes on freight pas
senger, and express transportation.
Senator Smoot of Utah and few
others are advocating a 8 per cent
production or manufacturers sales
fax. but the group above mentioned
is opposed to this, and so is Repre-
sentative Mondell, Republican leader
of the house. who. after a conference
with President Harding. asserted there
was no chance that the house Would
accent anything of the nature of
general sales tax.
Last week the President let 1t be
known that he wished congress to go
ahead with its Legislative program
without thought of an early adjourn
nent. There had been some anxiety
in washington lest the deliberations
of the conference on limitation OF
ornaments might be disturbed by the
doings of congress if it were in session
after November IL, but Mr.. Harding
IS not at all worried by this. The tax
DILL is holding up all business IN the
senate except the treaties ana the
canal tolls bill. The treaties are 60
be voted on October IA and the canai
measure comes to a vote on OCTOBER
10. If President Harding's preference
IS considered, the tariff bill will De
taken up before adjournment. though
many members of congress seem will
ing that it should go over to the next
session.
Mai. Gen. Leonard Wood was con-
drmed by the senate as governor gen.
eral OF the Philippines and next day
tras n'ecod on the retired list of the