New-York tribune., 1921-11-23
Senate to Pass
TaxBilland End
Session TODAY
Will Vote at 5 O'clock on
Conference Report. Which
Is Assured of Adoption in
Face of Much Opposition
Penrosc Defends Measure
Makeshifl' Lighiens Public
Burden Without Juggling
or Manipulation, He Saws

Yva>s The 7vsbans'S uoSasn1tos Est3-rru
WASHINGTON. Nov. 22.-T The Sen
ate to-day agreed to vote on She cen
o'clock tomorrow afternoon Though
there is much OPPOSITION TO the bill. il
Is certain TO pass. With that measure
disposed Of. Congress will adjourn to-
morrov night and end the extra ses-
sion.
The agreement to vote on the tax
measure was reached after Senator
Simmons had denounced many features
of the conference report. Tomorrow
attacks on the measure will be made
by Democrats, by Senator La Toilette
and perhaps by other Republicans.
when Senator Penrose called UP thc
conference report to-day it Was evil
dent that the Senate. in It's desire to
end the extra session, would not block
-hs adoption of the report, despite dis
satisfaction with it.
Senator Simmons. ranking Demo
cratic member of the Finance Commit
tee. though i'll. spoke for nearly two
hours in severe criticism Of the report.
He charged that Senate amendments
nut into the bill to improve it had
heen deliberately "siaughtered' in the
conference committee, that the bill as
Il now stands favors the corporations
and that the wrath of the public would
descend upon it when it is put into
operation.
Senator Penrose. as chairman of The
%
from conference on the bill. He held
that the new measure is better than
the law W n it will supersede. and
said it would raise s5.216, 100000 in
the current fiscal year and $2,6i1. .loO,-
900 in the next fiscal year
Senaor Penrose admitted the bill
was Temporary makeshift." but said
that nothing else would be possible
until the people gave to Federal taxa
ton study which It has not yet re
ceived and became convinced of the
contention that the proposal to reduce
excessive tax rates is not designed to
relieve the rich and the protiteer, but
70 avert the breakdown OF the lncom.
tax. unshackle business and increase
tne tax revenue
Senator Penrose predicted reduction
Of expenditures as result of the arms
conference He expressed the view
hat the revenue produced by the bill
would meet the nations expenditures.
though Senator Simmons believes it
Will result in large deficit. Senator
Fenrose said;
"The revenue act of 1921 is properly
denominated AN act to reduce taxa
ticn' The act as agreed TO in confer
rnce viii nroduce, it is estimated.
S72s 100000 less than the present law
for the first fiscal year and thereafter,
Then collections from the excess prof
It's tax wholly cease. the annual re-
duction of the tax burden will be even
greater.
THE net change effected by the con-
ference recommendations, however, is
not great. The act as passed by the
Senate would produce. it is estimated,
s3,242 $50 900 in the fiscal year 1922
and s2.717 .2sO, 900 in the fiscal year
1928. AS agreed to in conference. it
will, if adopted, WELD s3,216100,00 in
the fiscal year 1922 and $2,611 100, 900
in the fiscal year 1928.
This is no time to impose, beyond
the amount required to meet current
expenses and maintain the sinking
funds. new or additional taxes. 1t is
fitting time to halt expenditures by
refusing to vote taxes.