Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-08-19
AMENDMENTS To
Ak REVISION
Bill. TAKEN L Up
Five Minute Debate On All
Amendments is Plan Of
G+ssis $500 ~ - ~ ~ 81 s
,s. ss.s House.

Washing ton, Aug. IL. 1imin-
alton II OF taxes 3 on I. proprietary a
: medicines was agreed upon to-
day by the house ways and means 4
committee, which approved more
than sixty changes tn the Rcpnb-
lican tax bill. $,
Subsequently the majority
members OF the committee voted
9 to reduce the tax on cereal bcv-
eragcs: from the proposed g cents
q gallon to a cents and to bring
fire and marine Insurance conn
panies under the 12 " cents cor
poration income tax on the same
basis as life insurance compan-
les.
Washington, Aug. 19.-Amend--
ments to the tax revision bill were
taken up in the house today several
proposed by Republican members OF
the ways and means committee be-
ing given priority In c0nsid erattons
Under the agreement all amendments
will be submitted through the COM.
mittee. :.
Discussion of the amendments was
under five minute limitation follow
ing the conclusion Of general debate
late last night. With this limitation,
the house expected to work under
high pressure in order to dispose OF
:. all suggestions before 8 o'clock to-
morrow afternoon when a final vote
!, will be taken. SS
:, Washington, Aug. 18. Many
amendments to the Repuhlican5Stax
bill will be offered on behalf of the
majority members, of the ways and
means committee before the house
takes final vote Jon the measure
Saturday. Several changes were agreed
upon today by the Republican COM
nitteemen, and supwardsgof SO others
will be considered tomorrow before
the bill Sis taken up in the house for
amendment.
one change voted tdday by the COM
mittee was elimination of the propoH-
ed annual license tax Of $40 on VEN
! dors Of soft drinks. Under another al
teration, individual taxpayers would
I pay a 2 - q per cent, on profits from
4 It's and the taxpayers' net annual In
/. come exceeded $zs, 900 Under the hill
I before the house they: would be re-
Y ssess s over 81 81, 90
I s Exefnpt Pensions.
\ II WAss decided tentatively stot ex-
\ empt from taxation the government
y allowances received by veterans OF the
/ Civil ana Spanish-Amerfcan wars or
their beneficiaries as we'll as those
4 received BY ihdivid uals under the
war risk and vocational reha Utilization
tacts. s:s5.
other amendments known to be un-
l decentralization would exempt man
Il uracturers Of tooth paste and powders
X from the,..tax on toilet preparations,
.3and would define as foreign trade COR
= porations business organizations which
derive so per cent OF their income
from sources without the United
States The figure in the bill is go
] per cent This class of income would
! not be taxable. 5
There is q movement before the
4 committee to propose creation Of a
u special commission. to devise some
form or plan by which the incomes
4 derived from tax-exenpt securities
can be taxed.
r. Debate Ends.
i General debate on the tax bill end.
/ ed tonight. Principal speakers for the
h Democrats were Representatives Old.
= field of Kansasrand Cochran Of New
= York, and for tthe Republicans Rep.
j resentatives Gfeen of Iowa and Long.
",orth of OHIO. 4. 3
\ Mr.. Cockr ran attacked the. bill it.
n self and the rule under which thu
4 Democrats claim they will be cut Of
y ,Iron1 offering any amendments.
Using treasury estimates to -suppor
4 his argument that the, tax bill woult
L result in q huge government deficit q
I the end Of this fiscal year, Mr.. Cock
ran declared that II the treasury wen
/ into the market Tor 81 900, ,000,OO0 O.
of the government there would be ,
& Repudiate Platform. &.
Reading official statements BY Tor