The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-05-03
SENATE FAVORS
OPENING INCOMES
TO PUBLIC VIEW
Ten Per Cent Tax On
Radio Rejected By
40 To ID Vote

4 NJ WASHINGTON. May Tax RI
turns were voted cpeii to- public in.
sD&etion today b. the Senafe as re.
pdhlie&Eis, instifkefts and Democrat
combined III the first ma jor attack on
the revenue bill
rhe publicity proposal was bitterly
fought BY republican organization lead.
ers who were willing, however, to agree
to inspection of the returns by Ger.
tain congressional committees as voted
by the House and approved by the fl,
nance committee.
Disposing Of other proposals in an
eight-liour sessions the Senate cleared
the way for opening tomorrow Of the
contest on the income tax schedule
the heart Of the bin.
Other action taken today included
Rejection of the finance committed
amendment imposing a 10 per cent tax
on radio sets, 40 to 10.
Rejection Of treasury department
proposal to limit deductions in relation
to incomes from tax exempt securities
81 to SO.
Approval of Secretary Melons sug-
gestion for board Of tax appeals,
with some notifications.
Amendments introduced
Aside from the income tax rates, two
other provisions on which extended
fights are in prospect remain to be
considered estate and corporation
taxes, Amendments endorsed by the
democratic conferences were introduced
today proposing substitutes for these
which would change the entire form OF
the tax.
Senator Jones, democrat, New Mexi-
co, introduced the corporation tax sub
atitute which proposes a reduction in
the present flat tax of 1914 per cent
to per cent and the institution Of a
graduated scale of taxes on undistrib-
fnted profits of corporation above 10
per cent. 1t gives the corporation an
option, upon unanimous consent of the
stockholders, of being taxed instead Of
under the partnership levy. -
Senator Walsh, democrat, Massachu
setts introduced substitute for thC
estate tax to provide for an inheri
lance levy. making. the tax apply or
the beneficiary of an estate, instead
Of directly on the estate before ii ii
divided. Rates starting at 2 per cent
on $4,000 and graduating mp to 30
per cent on $4,000, 900 are proposed
Morris Leads Fight
Senator Morris, republican. Nebras
la, led the fight for full publicity Of
tax returns, and was supported in the
debate by Senators Brookhart. Iowa
and Howell. Nebraska, Republicans,
and Mcclellan, Tennessee and Reed
Missouri, democrats.
The amendment Of Senator Norris
which provides that all tax returns
shall he open to examination under
rules governing inspection Of public doe,
nments generally was adopted 4S to ~
Advocates of the proposal insisted
full publicity was flair and Ameri
cam and would result in the return
TO, the government of millions of dol
lars more in revenue by detection Of
tax eyasions.
Senator Mclean, Connecticut, Re.
publican member Of the finance commit
tee, assailed the proposition as un,
fair to competitive business organiza.
tons, whom he declared would be forced
as result to reveal business secrets
Furthermore. it would cut down gov.
eminent revenue, he argued "for il will
add thousand-fold to the temptation
now existing for over taxed persons to
indulge In all manner Of evasions.v
Thirty-two Democrats, fourteen Re.
oublicans and the two Farmer Labor
Senators supported the amendment and
two Democrats and twenty-five Re
pubiicans opposed 1t.