Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1921-08-05
new TAX SCHEDULE
Mellon Wants Ten Dollars for Each
Automobile.
THREE CENT POSTAGE IS PROSPECT
There Will Be an Increased Levy on
Tobacco, and 1t May Be That Bank
Checks Will Have to Take on SoH,e

Tobacco, and It May Be That Bank
Checks Will Have to Take on Some
Burden.
Washington, August IA tax Of 2
cents on bank checks, a fiat license tax
of $40 on all automobiles irrespective
of cost or horsepower, an increase of
| first class postage rates to cents and
an added levy on cigars, tobacco and
cigarettes are understood to have been
among tax revision suggestions today
by Secretary Mellon to the house ways
and means committee, meeting in exc
cutive session.
Other suggestions were said to have
! included: .
A reduction of 10 per cent. in trans
portation taxes, both. passenger and
freight next year, and their elim-
nation the year following.
The repeal of taxes on soda foun-
tain drinks and ice cream.
Repeal of the excess profits tax aud
elimination of the $4,000 exemption on
| corporation incomes.
Increase of the normal income tax
on corporations from the present 10
per cent. to Is per cent.
Elimination Of the income surtaX
brackets above 40 per cent. with the
surtax rates on incomes ranging from
| Sc, 900 to $4,000 increased.
To Raise Four Billions.
The revenue bill as revised in ac-
cord with these suggestions would be
designed to raise approximately four
billions Of dollars next year, it was
said. Mr.. Melons memorandum en-
bodying his views was withheld, but
Chairman Fol dney promised to make
it public tomorrow.
Representative Garner of Texas,
r9 mixing Democratic member of the
committee, attacked the treasury Sec
retary's proposals, declaring that every
one of them constituted a shifting
of the tax burden from the classes to
the masses"
Mr.. Mellon was said to have estimat-
ed government expenditures for next
year at s4,675,OOOOOO, but Chairman
Fordney said this was dependent up
on how murh of the $500. 100000 due
the railroads would have to be adyanc-
ed out of the Federal treasury, the cost
of operating the government merchant
| hA Gin Of
the army ana navy.
Estimated Receipts.
Aside from internal taxes, the treas
ury secretary was understood to have
estimated customs receipts for next
year at $45O,OOO,OO0, and miscellaneous
receipts, including savage, at $780,
100000 He was said to have figured
that the SO license tax on automobiles
would bring in S100,000,000 and that
added lovy on cigars, tobacco and Gig
arettes an additional S25,000,00O. In
creased postal rates have been esti-
mated to yield another S75,0O0,000, but
the estimates as to the income from
the proposed tax on bank checks was
not disclosed
The loss of revenue through reduc-
ton of the transportation taxes has
been placed at approximately $l5O,OOO,-
900.
After the committee had heard Mr..
Mellon, Internal Revenue Commission
er Blair, DR.. r. S. Adams, treasury tax
expert, and other fiscal officers of the
government Chairman Fordney reiter-
atcd his statement of last Saturday
that he believed the nations tax bill
could he cut $5OO,OOO,OOO and the gov
ernment run for $4,OOO,OOO,OOO year.
"WiIfuI, Wicked Waste"
Representative Garner said that gov
ernment expenditures in excess Of that
sum next year would be a "wilful,
wicked waste of public funds, wholly
indcfenSible." He asserted that ths
government establishment could be run
for $4,000, 100000 adding that Repre-
sentative Madden Of Illinois, the new
chairman of the appropriations COM
mittec. has declared in an address that
this sum should be sufficient.
Before the committee heard the
treasury experts, the Republican mem
bcrs were in conference with Mr.. Mad
den for discussion of expenses next
year and more particularly the needs
of the shipping board, the army and
the navy.
Examination of the treasury officers
concluded the committees hearings on
the revision measure and the Repubh-
can members plan TO get to work to-
morrow on final draft of the bill.
Chairman Fordney reiterated that the
committee probably could not completc
the measure under three weeks.
AUTO RIDE FOR CONVICT.