Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1921-10-20
FIGHT FOR TAX ON
SALES IS RENEWED.
BY DEMO. SENATOR'S
BILL AIMED AT WEALTHY SEN
AToR MOSES CLAIMS, ALLEG'
ING THE SLOGAN TO BE "soAk
, THE RisH"--UNpERWooD oP.
POSES COMPROMISE MEASURE.

Washington, Oct. q Sen. Moses,
Republican, New Hampshire, renew
Ing the drive for the sales tax In the
senate today, demanded senators
vote as they think He predicted that
II they did the GALES tax would be
approved.
Daring the debate on the social
ed beer bill witty senator in the
cloak room remarked that the coun.
try might be surprised II senators
should vote as they drink he said.
such action, | suppose, is not to be
dreamed Of But is 1t too much to
ask when a great measure affecting
the welfare, prosperity and happi-
ness CT all the people-that senator's
should vote as they Think
THE present tax bill is plainly
drawn under the inspiration Of the
inspiring slogan Soak the rich"
hold no brief for the rich neither
nor any of my kin have ever stood
within their circle. But there is a
point at which taxation OF the rich
reaches the saturation point. and In
the case of surfaces this point Is var
iously estimated as between rs and
80 per cent.
The proposal of the agricultural
bloc to reduce the tax on incomes OF
from $1,000 to $4,000 by / per cent
with great exacttude brings relief
to senatorial salary plus mileage
and stationery allowances" said Sen.
Moses.
"The dominant party cannot hope
10 again ride the food OF popular
opinion II we continue to cling to the
fragments OF 4 taxation system which
even those who sponsored it only
three years ago now declare to be
outworn and unsuitable, and under
which the enterprise of the country
must remain paralyzed and at al
stradstill" he continued.
THE sales tar wipes out the nui- |
sance taxes which have burdened all |
our people. from the child with his |
baseball to the aged with his medi- |
cine bottle. 1t places taxation upon
incomes at point where accumulat-
ed resources will not go into the cave
Of hiding afforded by tax exempt Sc
curities."
Sen. Underwood OF Alabama, the |
democratic leader, characterized the
compromise tax measure as the worst |
ever presented to congress. No one
understood it, he said, except the
few treasury experts who drew 1t,
and he predicted that If the bill be-
came law the courts would be several
years in interpreting it.
Charging the republicans with fail
gre to be candid with the American |
people he said they were trying to |
have it 60 out that taxes were to be |
reduced when as a matter Of fact they |
would be increased through the oper-
alton of the administration provis- |
ions Of the revenue measure, and the
proposed American valuation plan in
the tariff bill.
Supreme court decisions in tax
cases got into the debate, Sen Mel
son, CT Minnesota, attacking opfn-
ions holding state and municipal |
bonds exempt from federal taxation,
and Watson Of Georgia assailing the
recent decision that stock dividends
could not be taxed.
The senate voted down, Sc to IL,
a committee amendment under which
treasury experts had cured the gov
eminent would receive taxes on about
30 per cent OF the earnings of CLOSE"
corporations accumulated prior to
March /, 1919.
Sen. La Toilette renewed his fight
against provisions Of the bill which
would exempt from taxation that part
OF the income of foreign traders and
foreign trade corporations derived
from sources outside the United
States.