The New York herald., 1921-07-25
HOUSE PREPARING
FOR TAX REVISION
Public Hearings Begin To-mOr-
row and Will Continue
for Four Days.
TAKES IN ALL PHASES
Senate Committee to Consider
Valuation Provisions Of
Tariff Measure.
TAKES IN ALL PHASES

WASHINGTON, July 24.--Money raising
legislation will occupy the attention Of
Congressional committee at each end
Of the Capitol this week. with the Senate
Finance Committee opening hearings to-
morrow on the Fordney tariff bill and
ready for discussion of the new tax bill
Tuesday.
Although the tariff bill passed by the
House Thursday and designed to raise
annually was going into it's second
stage, interest was somewhat subordi-
mated to the tax measure, which must
produce more than seven times as much
The House committee has mass Of bills
for tax revision of a varying nature be-
fore 1t. and the Republican members also
have been advised of the Treasury's g
views, but with all of this the commit
tee will devote four days to hearing
what the taxpayers have to say before
beginning actual revision.
Meanwhile the Senate Finance Com
mittee has under consideration plan to
establish a clearing house of experts
who would sift out suggestions regarded
as worth while from the tax revision
basket. Although the plan has not been
adopted finally, 1t was understood TO
have the approval of most members of
the committee, 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, and to-mor-
row and Tuesday will be devoted to
consideration of that controversial Sec
ton Of the measure. The chemical
schedule of the bill will next be given
attention because of the demand from
some quarters for dye embargo, a pro-
vision which was striken out by the
House after long fight by Representa-
tive Frear of Wisconsin, the only Re-
publican member of the Ways and
Means Committee to break away from
the inajority's stand in that commit
tee.
Leaders in'the Senate Committee also
were expecting to see a revival of the
fighting in the House to have the Sem
ate restore duty on hides and long
staple cotton, with provision for COM
pensatory duties on shoes and leather
goods and textiles in which the long
staple cotton is used. Proponents of a
tariff on petroleum appeared tonight to
have given up their fight, although they
will ask for such a duty before the
committee.
The House Ways and Means Commit
tee is going into it's hearings without
any set schedule as to phases OF tax
revision which 1t will consider during
the four days. Numerous requests have
been made for opportunities to discuss
the tax laws and Chairman Fordney
said the committee would hear all that
can be possibly 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 suif1-
cient fund of information, its members
believed, on which to base a new law.
Chief among the tax bills which have
passed through the House hopper is a
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.