Omaha daily bee., 1922-02-10
Special Taxes
Proposed to Pay
Soldier Bonus
Field Of Possible Revenues
Narrowed Down TO Eight
Sources-May Put Ii
cense on Autos.

Washington. Feb. 9.-The field OF
possible soldiers bonus taxes virtu-
ally was narrowed today 10 eight
sources by the subcommittee OF the
republican members OF the house
ways and means committee dealing
with the tax problem.
These sources were stated as tol-
lows: A gasoline consumption tax
OF possibly cent gallon; a license
tax OH automobiles OF about IS cents
per horse power; a stamp tax on
bank checks at about ] cent for each
check; a tax on real estate transfers
at the rate OF about 5 cents on each
$40 involved. and increased taxes on
admissions where the sum paid cx-
ceeds 25 cents; cigarets, tobacco and
documentary stamps. 80.
Representative Longworth OF Ohio,
acting chairman OF the subcommit-
tee. in the absence OF Representative
Fordney, said there was little senti-
ment for any increase in either the
first or second-class postage rates,
but added that there had been some
discussion OF an advance in the par
eel post rates. #
Taxes Temporary.
The bonus taxes will be tenn
porary, Mr.. Longworth said, extend
ing over three years, and VIII be
designed solely to take care OF the
cash payments to be made during the
two and one-hali years beginning
January /, 1928. 1t was explained
that the cost OF the other four op-
tons to be included in the bonus
measure would be spread over ~
wears and would not begin to be 2
serious charge against the federal
treasury for several years at least.
| Members OF the subcommittee hg'
ured that on the basis OF estimate
furnished by treasury experts the
| $3.50. 100000 yearly needed Tor threeee
wears for the cash payments could
be obtained from the eight sources
outlined. Exact rates in each case
remain to be fixed. but the subcom'
mittee expects to have the program
completed by Saturday. 1t then VII
be passed upon by the majority
members OF the ways and means
committee, and under the present
plans. will be submitted IN turn te
republican members Of the senate
finance committee and President
Harding.
Graduated increases in the various
kinds OF documentary stamp taxes
in force were discussed in the sub
committee with sentiment SAID &c
have been in favor of imposing th'
highest rate in the case OF the trans
fer OF capital stocks and bonds. ! 1T
figure suggested was l-l0 OF l PEI
cent on all transfers. The presen
tax is l-20 of per cent in the cast
OF the original transfer and l-oo 0
II per cent on each subsequent trans
fer.
Nav Double Rates.
! The suggested increase in taxes o OF
cigarets is estimated to yield SI?,OoV,'
600, while that on tobacco would y1lei'
an additional S5,0O00o0. In the cas-
al admissions the existing rate 0
| 10 per cent may be doubled whert
the charge exceeds Is cents. :.
Representative Longworth sai'
that by spreading the taxes owe
eight sources the burden would b
! fairly well distributed. :.
i While Mr.. Longworths commit
tee was dealing with the tax prob
lem, the other subcommittee begal
work on the bill 1t was said tina
no changes would be made in tn
five optional plans as written in tn
! original Fordney measure. but tha
several alterations in some OF tn
administrative features were plan
ned.
One important change was MAD
today, the committee striking out tn
provision requiring the Army an
Navy departments, before MAXIM
payments to former service men, 7
ascertain and deduct any amount
that might be owed the governmer
by the men growing out OF the
T