The Birmingham age-herald., 1921-07-25
MONEY RAis,NG ID OCCUPY CONGRESS-
 DURING THE WEEK
Senate Finance Committee to Take Up Tariff While the House Committee Dis
 cusSes New Tax Bill
By Associated Press

Washington, July 24.-Money rais-
 ing legislation, will occupy the at
 tention of congresAi committees at each end of the capitol this week with the Senate finance committee opening hearings tomorrow on the
 Fordney tariff bill and the House ways and means committee ready for discussion of the new tax bill Tues day.
 Although the tariff bill, passed by the House Thursday and designed to raise aboGt half a billion dollars in revenue annually, was going into it's second stage, interest was somewhat subordinated to the tax measure, which must produce more than seven times as much. The House commit tee has mass of bills for tax re- vision of varying nature before it have been advised of the treasury's views, but with all of this the com mittee will devote four days to hear ing what the taxpayers have to say before beginning actual revision.
 Export Clearing House Plan
 Meanwhile, tha Senate finance committee had under consideration a plan to establish clearing house of exports who would sift out sugges
 tions regarded as worth while from the tax revision basket. Although the plan has not been adopted finally, it was understood to have the ap- proval of most members of the com mittee and the experts probably will begin work, while the committee it. self is listening to tariff talk.
 American valuation provisions of the Fordney bill will be the first taken up by the Senate committee, devoted to consideration of that con- troversial section of the measure. The chemical schedule of the bill will next be given attention because of the demand from some quarters for a dye embargo, provision which was struck out by the House after long fight by Representative Frear of Wisconsin, the only republican member of the ways and means com mittee to break away from the ma joritys stand. Leaders in the Senate committee also were expecting tol see a revival of the fight in the House to have the Senate restore a duty on hides and long staple cotton, with provision for compensatory duties on shoes and leather goods and textiles. in which the long staple cotton is a,,te Af ortf nn n troleum appeared to have given up their fight, although they will ask for such a duty before the Senate committee.
 The House ways and means com mittee is going into it's hearings without any set schedule as to phases of tax revision which it will consider during the four days. Numerous re- quests have been made for oppor- tunities to discuss the tax laws, ana Chairman Fordney said the commit tee would hear all that can be pos sibly crowded into the limited time.
 The committee held some hearings last winter and these, with the treasury's statements, testimony of taxpayers this week and possible further suggestions from the White House, make up a sufficient fund of information, it's members believed, on which to base a new law. It was re- ported again tonight that Mir. Ford ney hoped to see the President be- fore hearings, but the committee chairman has had nothing to say on the subject.
 Chief among the tax bills which have passed through the House prop CT is bill by Representative Long worth, republican, of Ohio, who would repeal the excess profits transporta- ton and fountain drink taxes ana reduce the higher surtaxes on per sonal incomes. The Longworth Dill also proposes. as additional revenue, repeal of the exemption of $2.oo0 for corporations and the application or a Is per cent tax on their earnings, with the hope that the change would bring around half billion dollars annually into the treasury.