New Britain herald., 1924-04-10
Administration Plan Likely To Come Up Wednesday - Insur- gents May Support Minority Party's Out line.
Consideration of Soldier Bonus Has Been Put Off Until Saturday, Pending Agreement on Terms.

Washington, April 10. - The new
 venue bill was formally reported tc
 le senate today and along with il
 ds presented a new democratic tax
 an carrying an income tax schedule
 ,mewhat similar to the I.ongworth
 an adopted by the house and turned
 own by the majority of the senate
 nance committee.
 The democratic proposal, which it's
 oonsors believed will have the sup
 ort of the republican insurgent group arrics a maximum surtaE rate of 4U per cent on incomes in excess of $500, 900, as compared with the maxi mum of @S per cent on incomes in "Xcess of slo0,000 in the finance com- nittec bill.
 Income Tax Rates
 Normal income tax rates proposed n the democratic plan are two per rcnt on incomes up to s4,o0o; four DOT cent on incomes between s4,0o0 and ss,o00, and six per cent on i'm comes above sS,000. All heads of families, irrespective of the amount of their income would be given the present exemption Of s2,5oo. No other change in the exemptions is proposed.
 Senator Simmons of North Caro- ma, ranking democrat on the finance committee, presented the democratic substitute just after Chairman Shoot lad brought in the majority report of the committee and had announced that he probably would call the bill un for consideration next Wednesday. lt would be useless to consider ii hefore then, he said, as senators would not have time 10 sufficiently in- torm themselves of its provisions.
 The delay in bringing it up was de- rtbod upon, Senator Smoot said with lhe hone that all senators would be ready then to present their views on jhe few sections upon which controv- rsy was expected.
 T am confident" said Senator snoot. that the rate provisions are Inc only ones on which there will be decided differences of opinion. This was indicated in the committee where the bill was considered throughout by Inc entire committee-with no sep nratc meeting Of republican mem 1crs.'
 Senator Robinson, Arkansas, demo- ratio leader. joined the republican , hartman in the hope that conslders- lion could be begun next Wednesday.
 The suriay under the democratic plan would begin al one per cent on il0,0oo and would graduate up to the maximum. The rate on incomes of si0O,0o0 would be 37 per cent as a sainst % per cent in the Mellon | plan and 30 per cent in the house bill. The rate on incomes of s200,000 ! to sS00,0e0 would Je 3S per cent and i en incomes between sS00,000 and | $500, 1000 the go per cent rate would | apply.
 The Bonus Bill
 Consideration of the soldier bonus bill was put over today by the senate lnance committee to Saturday morn ng when Chairman Shoot predicted | agreement would be reached on a bill similar 10 that passed by the house.
 Democrats of the committee asked inc today to give further study to he bill which the republicans have ,pprovcd. It Is expected democrats yil propose full cash payments op- ion in the measure. which now car ,ics provisions for cash payments to cterans not entitled to more than $50 n adjusted service compensation and Q year endowment life insurance poli- .ies to others. it
 Rc,iscd Estimates Chairman Shoot made public to- ay revised estimates as to the cost [ the bill passed by the house on the 2 asis of new figures submitted by the rmy, navy and marine corps, of the umber entitled to benefits.
 H. P. Brown, veterans bureau sc- ary, estimated the insurance poll ies would cost the government t2,- 02.ls7,420, spread over a period of [ Q years, the life of the policies, and [ oseph Mccoy, government actuary. [ stinated the cost at s3,ss1. .045,ssi- g
 r