New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-25
House to Hear.
Public on Tax
Bill This Week
4-Day Session, Beginning To-
morrow, Will Be Prelude
to Committees Formal
Undertaking of Revision
Tariff to Engage Senate
American Valuation Clause
and Chemical Schedule
Will Be First Taken I'm

WASHINGTON, July 24.-Monev-
raising legislation will occupy the at
teDtion OF Congressional committees at
each end of the Capitol this week. with
the Senate Finance Committee OPEN
ing hearings tomorrow on the Ford
rev tariff bill and the House Ways
and Means Committee ready for dis
cussion of the new tax bill Tuesday.
Although the tariff bill, passed by
the House last Thursday and designed
to raise about 10000 900 in revenue
annually, was going into its second
stage. interest was somewhat subordi-
mated to the tax measure, which must
produce more than seven times as
much. The House committee has a
mass of bills for tax revision of a
varying nature before it, and the Re-
publican members also have been ad-
yised of the Treasury's views, but
with all of this the committee will de-
vote four days to hearing what the
taxpayers have to say before BEGIN
ming actual revision.
Tax Experts to Assist Senator's
Meanwhile, the Senate Finance Com
mittee has under consideration a plan
% establish clearing house of ex-
perts who would sift out suggestions
regarded as worth while from the tag
revision basket. Although the plan
has not been adopted finally, it is
understood to have the approval of
most members of the committee and
the experts probably will begin work
while the committee itself is listening
10 tariff talk.
American valuation provisions of
the Fordney bill will be the first taken
up by the Senate committee, and to-
morrow and Tuesday will be devoted
to consideration of that controversial
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, a
provision which was stricken out by
the House after long fight by Rep
resentative Frear, of Wisconsin. the
only Republican member of the WAYS
and Means Committee to break away
from the majority's stand in that com
mittee.
Leaders in the Senate committee
also were expecting to see revival of
the fighting in the House to have the
Senate restore q duty on hides and
long staple cotton, with provision for
compensatory duties on shoes and
leather goods and textiles in which
long staple cotton is used Proponents
Of tariff on petroleum appeared to-
night to have given up their fight, al
though they will ask for such a duty
before the committee.
The House Ways and Means Com
mittee is going into it's hearings with
out any set schedule as to phases of
tax revision, which it will consider
during the four days. Numerous re-
quests have been made for opportuni-
ties to discuss the tax laws and Chair
man Fordney said to-day that the COM
mlttee would hear all that can be
possibly crowded into the limited time.
White House May Intervene
The committee held some hearings
last winter, and these, with the Treas
ury's statements, testimony of taxpayers
this week and possible further sugges-
tons from the White House, make up
sufficient fund of information, its
members believed, on which to base
new law. 1t was reported again to-
night that Mr.. Fordney hoped to see
the President before the hearings, but
the committee chairman has had moth
ing to say on the subject.
Chief among the tax bills which have
passed through the House hopper is
bill by Representative Longworth, Re-
publican, of Ohio, who would repeal
the excess profits, transportation and
fountain drink taxes and reduce the
higher surtaxes on personal income.
The Longworth bill also proposes, IS
additional revenues, repeal of the ex-
emption of $4,000 for corporations and
the application of is per cent tax on
their earnings, with the hope that the
change would bring around 100000
annually into the Treasury.