The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-08-11
By DAVID LAwENCE

AN PEOPLE VIII E1N" their rSt GU IN
axes since the t.urrHcaN war when
they make Oh, Their iacoH" toN returns
next March. rrcS len. Harding and
secretary Million. a. vel as HErUNHcan
.eadcrs IN Congress. mindful, Of the
overwhclm.rS opinion wh:rh demands
hat govcr2rnen, expenses be cutyand
tee taNes reduced have oc;i;ned = pro-
rraNn Witch represents 4 net reduction
os $500. one 900 n The amounts that
must hs raised BY direct taxation.
Mr. Harding and the secretary OF the
treasury stood n the presidents room
~ the executive offices and outlined
o tho correspondents the nature OF ;hc
.hanges IN the tax program. Chairman
Joseph Fo7dney. OF the ways and means
committee. and Republican Leader
Frank Mondell also stood By ready 70
answer questions and explain the ag-
Vres. The picture was one OF absolute
.nrormality. the president having asked
his collea CUES 20 stay in the room with
him and submit 20 Interrogation so that
the public might have no misapprchcn.
ions .,hp.; the taA program. In order
-'S; - understand iEe changes that
have. hc"H made n" following table
summarizes the data given out oy tho
president a&d the secretary oS tho
treasury.
"a SHAa6ob
A~nur, est mated two weeks ago by
Secretary Mellon as necessary TO run
me government. s4.S5i.ooO.00O.
Amount now officially estimated Is
budget. St.o3InOO. 600.
Net reduction in estimates. $50. ooo.-
coo
How was that $500. o0o. 900 cut IN es-
'imatrs accompliSh"GH The president
imply insisted ttI; IL" various gov
.rumcnt departments cur their rN1uests
or money still further than they have.
:urther moro certain sums which were
"all,n= duo this year and which were
.xpcctcd 10 hc raid ont Of new revenue
viii hc d"trrrsh. 81 III" 0nalys:s OF the
ArDunl h. which government depart
mcnts wiz reduce their appropriations.
s55O,0QQ.coo.
Defer floating Doet-
The coating drbt referred 70 above
orsistS OF about $inG.nno.oon in war
saving securities and S7o.oeo.oOo. In
NuIt IS HnoUn as rfttnan &C; certiS-
cat~s. As a matter OF fact this total
- $40 nOn 900 was incurred duricC the
war and Is 20 De reSa rded as 4 part OF
the war debt. There wasn't any moro
reason n Mr. Melons opinion '"r pay
enues than paying OF Liberty bonds,
or cours" such rart OF the slTQ.0o".""0
a. falls due during the year wiz ha
raid for out OF sinking funds or "'m"-
available funds. Il isn't such II large
amount but what II car be handled sat
'srac'c-i.y. 80 II was "ut OF Of the es-
t:rratN Of new rHvcnuc.
The mos, iTportar. announcement
rade was that the actual TAX burden
. n n
This is ab"u, s6nn 900 900 less than Il
rae been under tho present law Tho
"ol,cwirr analysis shows how the GOV
c-nr"n, has decided 70 bring about tho
reduction.
Amoun, 1T nnw budget sto3toon, 600.
Amount TO be raised by direct taAa
t.on ~ tho pcorrc. sSo75.ooo.0Oo.
nirorcr,e SHrH 10000
That means the government must
ra.sc $3.50 2.ncC.NGO from other sources
nan nrrr" taxes. Here is how that
.s 20 10 iNrc:
Revenue from present tariff. $500
H"u unh
Rack taxes unpaid or evadcI. $780,
nnn 900.
salvage ot 7o"Nrnmcnc property.
Sl4Non0 900.
Increased revenue expected from new
tartS. SO. .oooo 900.
Sual miNc":}aroous receipts into
treasury. $St9 0no.
Total from sources other than income
axes $9JH 900 moo.
Now examining tho !tcm or s3.0fS.-
rnn o0n which Is 70 PC collected y in
come taxes from the rHop,e. tho govern
uent proposes 70 rcAdiust taxes n var
iouS ways.
Repeal Excess PROFIT Tax
f.S
tax Will ec repealed so as TO hc enec-
::Ir from last January. Business men
making out their income taxes FOR the
ga al can forget about excess pro-
IT. taxes. On ,hc other hand the COR
poration taxes which II had been esti-
'nated Two weeks ago should be in
,reaScd iroui the present rate OF t."
uercent 20 nttccn per cent Will noi h"
'aat nigh after al Tne rate wiU b"
twelve and one half per cent.
The taNHs on wearing ;.:'2ar"; viii hs
rc7ea cd and all the proposals to in
-rcasc postage FROM TWO - tArr" cents
or 70 tax bank checks or aueonrohIi" H.
censcs have been dropped aitogHth"r
Il Is estimated cha, ~" corporation tax
win yield an additional SiG5.nOn.0No by
-easoa Of the increase IN the corpora
TON rate. This will hep offset some oc
40 losses occasioHed by the repeal nf
ne sAccSs profits taxes The taxes on
r-eiEhts and passenger rar's vii he re-
dpcsd by one hAif hu' will not take
orect until next January - th"E Nil
ha-d'v be felt by IA" puS'c un.it the
ear faCc but y - also promised that
..H taxes IN passenger and freight rates
wln 20 removed 4, the end OF 1922 so
tnat people can travel in the year l923
without payiuE any war taxes. There
vii 10 4 rsadjus,ncnt Of thr taxes on
Rott drinks
Honest Attempt At Relief
Broadly Sp.ak,r- the Har'!inS admin
IStratior = trying 10 give the public
soT" r"ii"f this YEAR and promises
moro n"xt wear. Big business which
iaS rontcn6ed that tho excess profits
tax S,-anSIcd initiative has been given
Immediate relief on thl' score and
while the tax changes do rn' affect the
mailer incomes. tnc theory is That
wl;h the Ilftinr OF the burden on cor
roracOns I revival Of business will
cnsUe and ~" industrial depression
VIII como 10 an end.
OF course Congress hasn't absolutely
agrced 20 ~" ,hanccs proposed By tho
resident AID Republican leaders but
the plan row IS 10 Jam n" revenue bill
'nroGch - t;'Tuh'Ir.,n caucus and then
hrn.=h -" Il"uS" icaIins u 70 the
senate - ~ >" md :'ln tlr'h~r ways