Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-10-06
OPPOSITION To
TAXATION PLAN
Of REPUBLICANS
GAINING GROUND
TangIe Over Tax Revision
Legislation Is Carried to
Harding By Leaders in the
Senate and House.
PENDING MEASURE is
ATTACKED BY ENEMIES
Democrats Submit a Minor
ity Report; Bill Does Not
Fulfill Promise of the G,
0, P, They Assert.

Washington. Oct. 5.-The angle
in congress over tax revision legis-
lation was given the attention of
the administration today at a Sue
cession of conferences between
President Harding and senate and
house leaders. What position the
president may take regarding SUBJ
stitutiOn of sales tax for the mis-
cellaneOus excuses in the pending
bill was not disclosed, those who
saw Mr.. Harding declaring he was
keeping an open mind on the sub
ject 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 it. The democrats
on the finance committee put in
their minority report which de-
clared the bill neither fulfilling
the promise of the republicans for
q simplification of tax law and
procedure, nor satisfies the de-
lnand of the democratic party for
a complete survey of existing tax
es and their modification and SIM
plification." Senator La Toilette,
Of Wisconsin, q republican MEM
Der of the finance committee, also
filed minority view, declaring he
was in general accord with the
deiTSCratic report insofar as it
criticized the proposals of the
majority to reduce the super taxes
upon large individual incomes, TO
repeal the excess profits tax and
the capital stock tax, to retain the
transportation taxes and to greatly
aGgravate tho existing disparity
between corporation and individual
and partnership taxes" He added,
however, that he felt the recon-
mendations of the minority would
edo little more than palliate some
OF the monstrous iniquities OF this
bill, without curing any of its fun
damental evils"
Minority Report.
There is nothing to be gained
by the forced and inconsiderate
enactment OF the present BILL said
the minority report. "The bill af-
fords no relIef to the country.
There will be no reduction effec-
tive this calendar-nine months
after the advent to fun power OF
the party which promiscL immedi-
ate relief from oppressive war tax
es. Practically every change in
the rates or repeal of present tax
es is postponed until January /,
1922, and the reductions made
after January /, 1922, are to be
accomplished through promised
cuts in expenditures that may not
material,ze, with contingent bor-
rowings in that even as well as
certain borrowings to pay the
10000 estimated to meet saw
ings stamps and Pittman act re-
demptions and expenditures
THE purpose of the republican
majority seems to have been GEN.
tered upon the exemption of mill
lionaires from the higher sur
taxes and the exemption of cor
porate interests and monopolieS
from the payment Of proper taxes
upon inordinate profits. In pur-
suit of this purpose the committee
has divided the rcote taxpayers
of the country into two classes:
Those who have incomes greater
than $4,000 year; and those
who have incomes less than $685.
600 q year.
MilIionaires Favored.
"There are 11,077 millionaires In
the first class and 5,321,6S3 per-
sons in the second class. The
committee for solicitation for wealth
has accorded these 11,077 million
aires very substantial relief by the
repeal of the higher brackets of
the surfaces while the 5,321,6S3
ordinary taxpayers have been CIV
n, cot 11 Of
The democrats gave notice they
would offer amendments to the bill
largely increasing the sur tax rates
on incomes up and above 100000;
restoring the corporation capital