Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1922-02-23
TAXATION PLANS
ARE SUGGESTED
FOR FINANCING
SOLDIER BONUS
General Manufacturers and
. Wholesalers Tax Similar
to That in Force in Can
ada May Be Adopted,
P0STPONING ACTION
is ALSO CONSIDERED
Whole Matter May Be Held
Up to Await the Opening
of Funding Negotiations
With Doctor Nations,
tBy The Associated Press.)

Washington, Feb. 22.-The finan-
cling of the soldiers bonus by means
CT a manufattur or wholesalers
tax was discussed in what was de-
scribed as a general sort of way at
two sessions today of the republican
members of the house ways and
means committee dealing with this
subject.
1t was announced there would he
no further sessions until Friday and
members indicated that there was
no disposition to hurry a decision.
Representative Longworth, Of
Ohio, ranking member of the spec
ial committee, said it was his judg-
ment that general manufacturers
and wholesalers tax similar to that
in force in Canada would be recon-
mended. He thought the rates
would be lower than those in Can
ada as treasury experts had esti-
mated that the Canadian rates, il
put in force in this country, would
yield $5S0,000, 600 a year, or more
than $200,000,0 900 In excess of the
sum which it has been estimated
will be needed to finance the cash
payments to the former service
men.
Mr.. Longworth said he did not
think the bonus bill ould be ready
for the house this week or next.
In this connection he stated that
there was some disposition on the
part of many Of house members to
postpone action on the measure for
a time to await the opening of the
refunding negotiations between the
United States and the debtor ma
tions. Calling attention that the re-
funding commission had been APP
pointed by the president, the Ohio
member said there was reason to
believe that before July the United
States would have some of the re-
funded bonds in hand.
The president, Mr.. Longworth
went on to say, undoubtedly would
not be opposed to the sale or some
of the foreign bonds in this coun-
try to obtain money for the bonus.
He added that before this could be
done, congress would have to enact
a law giving authority to the secre-
tary of the treasury to so dispose
OF the securities, as the present law
provides that he must use them in
retiring n / art of the public debt.
The Ohio member said the pres
ident was opposed to the enactment
Of bonus legislation without any
provision for raising the funds.
If the proposed sales tax provis-
ion was beaten in the house, he
added, the bill then would simply
be n charge AGAINST the treasury. 1t
was his opinion that If a sales tax
were reported. the house would be
given an opportunity to vote sepa-
rately on that tax.
A separate vote has been de-
manded nv opnonents of n sales tax
who continued TODAY to tighten
their lines for the fisht which now
is regarded on all sides as almost
certain. Opponents said that, II
necessary, there would be a fight
all along the line from the WAYS
and means committee TO the party
conference then TO the rules COM
nittee and finally to the house
They did not think the fight would
last that long but continued to cir
culate petitions among house mem
hers.