Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1921-10-07
Cheero.
TAX PROBLEM
President and Admirers Sweating
Over Question.

Over Question.
Washington, Oct 5.--The tangle IN
congress over tax revision legislation
was given the attention of the admin
istration today at a succession OF con-
ferences between President Harding
and senate and house leaders. Wha'
position the president may take re-
garding substitution Of a. sales tax Tor
the miscellaneous eXcesses in the
pending bill was not disclosed, those
who saw Mr. Harding declaring that
he was keeping an open mind on the
subject for the present.
Meantime groups in the senate went
forward with conferences on the whole
subject and opponents Of the pending
measure continued their assaults on II.
The Democrats on the finance COM
mittee put in their minority report IN
which they declared that the bill
neither fulfills the promises of the
Republican party for a simplifcatioh
Of tax law and procedure nor satishes
the demand of the Democratic party
for n complete survey Of existing taxes
and their modification and simplIfica-
ton.
Senator La Toilette of Wisconsin, a
Republican member of the finance
committee. also filed minority view,
declaring that he was in general ac-
cord with the Democratic report in so
far as it criticised the proposals OF the
majority to reduce the super taxes
upon large individual incomes, to re-
peal the excess profits tax and the
capital stock tax, to retain the trans
portation taxes and to greatly aggra-
vate the existing disparity between
corporation and individual and part
nership taxes"
He added, however, that he iei'
the recommendations of the minority
would do little more than p%lllate
some OF the monstrous iniquitles oi
this bill without curing any or us
fundamental evils"
There is nothing TO be gained by
the forced and inconsiderate enact
ment of the present bill" said the MI
nority report. That bill affords no
relief to the country. There VIII pe
no reductions effective during THIS
calendar year-nine months after the
advent to full power Of the party
which promised immediate relief from
oppressive war taxes. Practically every
change in the rates or repeal or pres
ent taxes is postponed until January l.
1922 and the reductions made after
January, 1922, are to be accomplished
through promised cuts in expenditures
that may not materialiZe with conting-
ent borrowings in that event as well as
certain borrowings 10 pay the Sl'o'-
OOO, 900 estimated to meet savings
stamps and Pitman act redemptionS
and expenditures
The Democrats gave notice that they
would offer amendments to the Dill
largely increasing the surtaX rates on
incomes up 10 and above 100000; re-
storing the corporation capital STOCK
tax; reducing the normal tax on m
comes below $4,000; limiting the eX-
emptions allowed to heads Of families
to income below $4,000 and repeating
the tax on freight, passenger and Pull
man transportation.
The pending bill as framed, the
minority report concluded, rs not
calculated to promote or protect do
mestic commerce or bring about the
stimulation of enterprise or increase
the profits from which the federal
revenue ought To be raised.
The bill does not accommodate the
fiscal requirements of the government
it will merely thrust the question INTO
the field of politics and propaganda.
Our revenue system can not he placed
upon Il permanent and rational basis
by failure to comprehend the Factors
in the problem and TO meet them WIN
resolution and effectiveness. No other
action is worthy of congress in the
present state of the country"
Those signing the report were Sena-
tors Simmons of North Carolina, Will
liams of Mississippi. Jones of New
Mexico Gerry Of Rhode Island, Reed
of Missouri and Walsh of Massachu-
sets.
Lo9icaI.-"Say Madelon, this livcr's
something awful