Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1921-08-09

cut half a billion dollars from
>the nations tax bill.
The wearing apparel levies proposed
for repeal are 10 per cent of the
amounts by which the costs of:
Womens and misses hats, bonnets
and hoods. exceed SIS each; women's
and misses silk stockings or hose ex-
ceed 81 per pair; mems, women's,
misses and boys boots, shoes. pumps
and slippers exceed $40 per pair; mems
and boys silk stockings or hose ex-
ceed 81 per pair; mems shirts exceed
So each; mems and boys hats exceed
So each; mems and boys caps exceed
s. each; mems and boys neckties and
neckwear exceed 50 each; mems,
women's, misses and boys pajamas,
nightgowns and underwear exceed $5
each: kimonos, petticoats and waists
exceed SIS each: mems waistcoats,
sold separately from suits, exceed
s. each. and house or smoking coats
or jackets, and bath Or lounging robes
exceed $50 each.
Sporting Goods Cut.
The sporting goods on which it is
proposed to cut the tax in half in
cludes:
Tennis racquets, nets. racquet
covers and presses: skates, snowshoes,
ski and toboggans: canoe paddles and
cushions; baseball bats, gloves. masks.
protectors, shoes and uniforms; foot
ball helmets, harness and goals;
basketball goals and uniforms; golf
bags and clubs; balls of all kinds,
including baseballs, footballs, tennis,
golf, lacrosse, billiard and pool balls;
fishing rods and reels; billiard and
pool tables; chess and checker boards
and pieces; dice. games and parts of
games texcept playing cards and chill
drens toys and games) and all similar
articles.
Repeal of the 10 per cent tax on
carbonated bottled beverages, which is
collected and paid for by the manu-
facturer monthly. also was discussed
at the meeting, and favorable action
was predicted by some members Of the
committee. who argued that it was
not fair to remove the tax on drinks
at fountains in the cities and retain
the levy on the bottled goods sold
largely in the rural districts.
Discuss Income Sources.
Before undertaking revision of spe-
cific sections of the existing revenue
law, the committee majority spent
several hours discussing possible cuts
in both taxes and expenditures, to-
gether with the probable amounts of
government income from the various
sources other than internal revenue.
Several sets of figures were considered
but it was said that no formal agree
ment was reached on any final totals.
1t is understood that there was q
suggestion that the committee appoint
Il delegation to go over the whole situa-
ton very frankly with President Hard
ing and Secretary Mellon with view to
obtaining their counsel as well as urg
ing that the executive departments hold
down rigidly on expenditures. So far
as was disclosed, no action was taken
but at the conclusion of the days ses-
sions. Chairman Fordney said he might
confer with Mr.. Harding upon the lat
ter's return from New England.
$500. .000.0o0 Total Cut.
Estimates before the committee were
said to have contemplated total cuts Of
$4,000, 900 in prob
able expenditures for this fiscal year,
leaving the total as $3,9O5, ,000, 900, ex-
elusive Of postal, estimated at $780,
100000. Reductions proposed includ-
I'd $75 5,OOO,0 600 for the army; $4,000
100 for the navy; 500, ,00O. 900 for the
shipping board; $245, ,OO0, 600 for the
railroads and 100000 proposed by
The treasury to be employed in redeem
ng war savings securities.
Tax reductions suggested tcta1led
s720. 900 900, including $3.50, ,O00,O00 ex-
,ess profits; SOC. 600, 600 income ssf-
axes; S5O,OOO.OOO nuisance taxes and
$3.50, 100000 transportation taxes. As
IN offset against these reductions esti-
mated increases in all income included
e262, 600, 900 from the proposed per
,ent increase in the corporate income
AK to offset the excess profits levy:
40, 600, 900 from customs because Of
he proposed new tariff law md $6O-
700. 900 from the sale OF surplus war
upplies.
Net Loss SASS. 900. 900
The net loss in governments rsveuus
his fiscal year on this baAls would b
Ass. .OO0, 600 If the repeal a. tie sxcess
'rofits and higher income gr4Rxes
rera made retroactive to mt JanuaaY
- but it wac said that ssuttdnsnk b
1hese repeAls until Ja1ua1y1Wae
- yfss85 q -