San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1924-04-06
TAX BILL NOW
.FACESFURTHER
SERIOUS DELAY.
Possibility That Bonus
Measure May Edge in
Ahead of It.
DETAILS. NOT SETTLED
Seems Virtually Impossible
to Start Debate
Next Week.

Washington, ID. C., April s.
Further serious delay, and the posi-
bility that the soldier bonus bill may
edge in ahead, tonight faced the ad-
ministration's tax bill when the Sem
ate finance committee failed TO finish
its work on the measure as it had
hoped.
When the committee adjourned I'M
til Monday, number of details were
unsettled.
Senator Smoot said he hoped the
bill could be sent to the printer Mon
day and reported to the Senate Tues
day.
But with only eight weeks until
the Republican national convention, it
seems virtually certain that it will
be impossible to get the measure up
for debate in the Senate at all next
week. This may give the bonus bill
an equal chance and if the bonus advo-
Gates are strong enough, may result
in shelving the tax measure until the
bonus measure has been disposed of.
The reason the bill cannot come up
next week, committee members say, is
that Senate members want time to
look it over thoroughly after it has
been reported.
Bonus May Forge. Ahead.
In the meantime the committee
will 20 ahead on the bonus, and as
agreement has been rpnched informal
" on most points involved. that meas
ure may be reported before the end
of the week. This would bring both
the tax and the bonus bills before
the Senate week from Monday,
forcing the Senate TO choose between
them.
While the full force Of the admin
istration would be thrown behind the
tax bill in such an event. and prob
ably would succeed in giving it prior
ity, bonus supporters said tonight If
they get chance like that. they will
do their utmost TO put the bonus
ahead.
After an all-day session on taxes,
the committee gave up hope of finish
ing all the details and adjourned until
Monday,
The Republican members of the
committee had voted the bill complete
ly to their satisfaction. but objec-
tons were made from the Democratic
side of the table. The foreign changes
were made upon reconsideration.
Every radio set and part will be
taxed 10 per cent of the wholesale
price. The committe swept away pre-
viOus exemption for sets costing less
than $50. Smoot estimated that this
would bring the government about
S10,000,000 annually.
Tax Nah Jong Sets.
An amendment for complete pub
licity of income tax returns was
adopted.
The amendment provides that the
board of tax appeals must furnish
any standing committee of Congress
any income tax secrets and the COM
mittee thereupon may report what in
formation it sees fit to the Senate or
the House.
Senator Moses, Republican, New
Hampshire. asked the committee TO
consider an amendment exemptlng
money spent for reforestation of de-
nuded lands from taxation. The COM
mittee instructed Moses to draw up
the amendment and submit it later.
A 10 per cent tax on nah Jong
sets was put into the bill.
Other changes made today include:
Cutting the estate tax of 40 per
cent from the House bill, leaving a
tax of % per cent on in
hcritances of more than S1O,000.OOO
but looping off So 100000 in expect
ed revenue.
Placing ) per cent tax on musical
eye glasses and spec
tacles.
Democrats Reserve Strength.
Cutting the exemption on jewelry
from $40 TO so. with the expectation
of raising S1.500,000 or So,0O0,O00
more than had been planned.
Tightening the administrative pro-
visions so that evadors cannot credit
of tax exempt securities in
their exemptions.
BY common consent the Democrats
put up no stiff fight in committee over
the bill and are conserving their
to rip it to pieces when it
comes to the floor for debate. prob
ably next Wednesday. The Democrats
wished TO let the bill get out as soon
MS possible. because they are confident
It has no chance Of nassing.