Pueblo chieftain., 1921-03-15

Washington, March 14-Formula-
tion of a definite program for tariff
and internal revenue legislation con-
fronted Republican members OF the
senate finance committee ana me
house ways and means committee 70
day on meeting with secretary or 'hc
Treasury Mellon to draft detail recon-
menda tons to be submitted u 100
dent Harding.
Enactment of internal revenue tax
legislat ton ahead of tariff revision was
advocated in n statement TO-DAY Wy
Senator Watson OF Indiana, I'c
publican member OF the senate finance
committee. He also declared Cor re
peal of the excess profit taAeS ana
tho higher surtaxes and substitution
OF "a moderate sales tax.
-- budget law and arrangements for
payment by the allies of a dcinitc
amount of their debt each year also
were urged by the senator.
Whether tariff or internal tax re-
vision shall be accorded second place
of the fiscal program was left for de-
termination at a conference which
Chairman Penrose of the senate conl-
mittce and Chairman Fordney of the
house committee plan to nort tomorrow
with President Harding. The fral rro-
gram Senator ?enrose said probably
will be announced after this con-
ference.
Most committee members at to-
days conferences were said to favor
giving right of way to tariff revision
legislation. Agreement It was said.
was unanimous against attempting TO
enact any temporary stop-gnp tariff
bill. the feeling being that tho icSis-
lation should be permanent.
The soldier bonus bill is TO be
part Of the Republican fiscal plan. Sem
ator Penrosc and Representative Ford
ney announced, Financial requirements
Of the government for adjustment Of
compensation TO former service men
were included in estimates considered
at the conference and after tho meet
ing Senator Fcnrose predicted tina. tho
bonus bill would be passed. early.
Prior to tho conference Senator
Watson Of Indiana, Republican men,
h"r OF tho finance committee. issued
statement declaring internal tax leg
tslstion should precedc revision of tho
tariff adding that the business world
expects immediate relief from tine
burden Of taxation"
We should repeal excess profit taxes
and The higher surtaxes am substitute
moderate salss taxes aud clarity an1
simply tho administrative features Of
tho law. he said
we should make definite arrange
m.nts with our debtors to pay a -iScd
AMOUNT each year so thn. we may
have definite assurances as to lust
how much We may expect.
We should at once adopt a thoro-
going budget system 10 that We may
cot the costs according TO pattern
and then proceed to tho reduction OF
Eovcrnrr rcntal expenses"
Members OF tho committees. i'm
agreeing to Fivc preference TO an
anti-dumping bill also decided TO at
tempt cuastmont Of legislation pro
Niding for American valuation OF i'm
ports This legislation would apply
to thc advnlorcn duties collected
under the Underwood law. Its re-
suit senator penrosc and Rcprcsen-
tntivc F'ordncy said. would be to in
crease considerably the revenues
now calculated ON foreign instead OF
American values.
Tho Republican leaders said they
expected to pass the anti-dumpinE
bill early.
Representative Forduey estimated
u would require only a few days I'm
the house and similar estimate for
action was given by Senator Pcnrosc
SHhatrr rcrroSe. after announcing
that the question OF priority would
he laid bcfGro President Harding,
aid
The final program will then be
announced. The prcpondorancc of
opinion was toward taking up OF
tariff legislation first. but with tho
suggestion that as nearly concurrent
~ as possible. there should he action