New-York tribune., 1921-08-16
Vote of Party Caucus Not
10 Drop Excess Levies
This Year Will Cost Big
Incomes 200 Millions
Total Reduction Is
Put at S350,0O0,000
Cooperation Incomes to
Pay 1917 Instead of
1870; Saturday Set for
Final Action ON Measure

WASHINGTON, Aug. Is (By The
associated Press The Administra-
ion tax revision bill was laid before
a. House of Representatives to-day
.fter the Republican membership Of
IS. body in conference had changed d
i 10 as to make repeal cf the excess
syosits tax and the income surtax rates
n excess of 80 per cent effective next
asruary /, instead of last January /.
This change, on the basis of previous
treasury estimates, would result in the
eoroorations and individuals with
Isrgs incomes paying to the government
in the next calendar year something
Ike 5000 100000 more than they would
have paid had the Administrator plan
Of making the repeals retroactive pre-
vailed.
To Yield s3,2Oo,Ooo,ooo
Total tax reductions for this fiscal
rear under the bill as revised were
estimated by some majority members
Of the Ways and Means Committee at
S5o,o0O,O0o, as against approximately
ss5o,0ooOo0 planned by committee Re-
publicans, and the total tax yield at
sbout $3,2O0O0O, 900.
As a result of the changes made by
the Republican conference, majority
committee members further amended
tie bill before its presentation in the
House so as to make the corporation
income tax 1919 per cent after next
January /, instead of 15 per cent as
originally planned, and the manufac i,
tuIsrs' tax on cereal beverages 6 cents
gallon instead of IL cents.
Under plans adopted by the party
conference the. bill will be taken I'D
in the House at III &. m. Wednesday
Fader special rule calling for final
sete at p. m. Saturday. Two days
VIZ be given over to general debate
ind two days to consideration of
imsndments under the minute
N's,. with amendments of committee
lembers given preference.
Democratic mem bers of the House
Plan to hold q caucus tomorrow after
neon to decide upon course of action
Salie the measure is under considera-
uon. They also are expected to de-
H@FnIne whether Democrats on the
ways and Means Committee shall file
minority report.
asan time the full committee will
s .ss' 70 pass finally upon this bill, but
'''s Is expected to be mere formality.
Westerners Win Fight
ne Republican conference lastad
ssfefal hours, with Western men lead
1ss the fight to reject the plan for
N'Iosctive repeal of the excess nrofits
eng higher income and surtax xl-rates
yaNh was agreed upon at the White
S,saase tax conference last Tuesday,
representative Frear, of Wisconsin y
ms.aosr OF the Ways and Means Com
s,,s.ss' s.s,aS was understood to have in
;ss.;u. ,,siiu ma. the House pass on the eff
s,rssse s.nsss oate Of the repeats, but the
,s'4s.ehce rss;as hnally adopted, 96 to 81, a
i,l;ss; iT,ss'ol ny representative Mann, of
ij,mmv's' isnnss' mat the repeal date be next
b. lasss changes carried with them de-
sss.Jr. 'SAe january Il IN the pro-
sss,s;suslncrease ss,;ar of S per cent in corpo-
IT. ts;,0a income taxes. No change in
sos. n,s Ggure was made by the confer
,;Ssi Ss; put the committee members de-
ssrsa ,sra. 20 cut it in half, as it was con
l. hs"asa "s mat 5 per cent increase. would
ana - unnecessary !! if the excess profits
iIsis I sssner surtaxes were imposed for
paa.s sus TAX measure. as presented in the
so"s1; sss, is entitled "a bill to reduce and
Iss''ss SIi,s e taxation, to amend and sim
osbss. s.s 'ne revenue act of 1918 and for
xass. ,sss purposes" Much Of its ,6 .ooo
Menus sss % q text is devoted to amend
tgs t''s sol oI the administrative and 6efini-
VA. s.s sections Of the present law, which
~ sse u'aI'ed by Treasury experts with
!, ~" NV TO 70 clarifying specific portions
srjsIn. sIs is,s act and meeting situations
sss,aag from the decisions Of the
ssP'ssne Court. 'N'' u s"s
"'''s from the revisions of the levy
Continued on page three,