Worcester Democrat and the ledger-enterprise. (Pocomoke City, Md.) 1921-1953, 1924-10-04
Would Regard Republican Sue
cess in November as MAN
date" to Repeal Pres
ent Law.
WOULD FAVOR MlLLI0NAiREs
President Still Wants Reduc-
ton of Surtaxes on Big In
comes, and Opposes Estate
Taxes and Publicity
of Returns.

Washington, D. G. Republican
success at the polls on November
would be regarded by President Cool
idge as a mandate" to substitute the
"Mellon PLAN of taxation for the
present Democratic law and thus de-
prive small taxpayers Of the generous
reduction in taxes they now enjoy
and instead give most Of the benefits
to the millionaires and billionaires
Mr.. Coolidge and his Secretary of the
Treasury have frankly favored in the
past.
Partisan Republican newspapers,
evidently speaking with inspiration
from the White House, have repeat
odly published the statement that Mr..
Coolidge's election and Republican
control of Congress will be the signal
for revision Of the new Democratic
tax law and the enactment in it's
stead of the Mellon scheme. The
Presid ont's own language in his
statement accompanying his approval
Of the Garner-Simmons (Democratic)
bill is taken to justify the prediction
made by Republican newspapers.
Mr.. Coolidge declared his oppose
ton to the surtax rates, running to
40 per cent, to the estate tax of 40
per cent, and to publicity for income
tax returns, among other provisions
of the bill, and asserted that the
measure did not represent a sound
and permanent tax policy" In all
the objections he raised against the
new law, Mr.. Coolidge explained, Sec
rotary Mellon concurred with him.
Harvey's Paper Hints Plan
The Washington Post, whose edi-
tor in chief is George B. Harvey, is
regarded as the most knowing spokes-
man of the White House on political
subjects. This paper on June 4, two
days after President Coolidge reluc-
family signed the new bill, published
news article in which appeared the
following paragraph:
1.-The statement Lsent to Congress
by MIR. Coolidgel is accepted as dec
laration by the President Of an elec-
ton issue, and in this regard 1t Is
considered likely that if a Repub-
licant Congress is elected and Mr..
Coolidge is returned to the White
House, he will call special session
Of the new Congress after next
March A. 49,
What President Coolidge and Secre-
tary Mellon demanded of Congress
was a reduction Of the surtaxes on
the incomes Of millionaires from a
maximum Of so per cent. to a maxi
mum of only rs per cent, thus cut
ting the taxes of those with incomes
of 100000 and more by many thou
sands year at the expense of the
smaller taxpayers. This is shown by
the fact that the Mellon Plan," If
adopted as its author and Mr.. Cool.
idge urged, would have benefited 6109
income taxpayers more than the Dem.
ocratic bill. while the latter has act.
ually brought substantial relief to
6,656,067 persons more than the Mel.
Ion scheme would have benefited.
Scheme President Favors
The reduction of so per cent. in the
surtaxes on an income Of $4,000 900,
advocated by President Coolidge and
Secretary Mellon, would have meant
a saving of $1,300,000 to that lone
taxpayer. At the same time, had
their plan been adopted, the saving to
4 GAG TOW xzyith IN,
come Of $4,000 year each, aggregat.
ing $5,000.000, would have been only
$4,000: The Mellon scheme with
which the President wants Congress
to replace the present Democratic
law, would have saved more money to
taxpayer with an income of 100000
year-and there are upwards Of a
thousand in this class-than it would
have saved to so taxpayers whose in
comes averaged $4,000 each.
Small taxpayers who are now get
ting the benefit of tax reductions
given to them by the Democrats OF
Congress have special interest in de
feating President Coolidge and Repub
lican Senators and Representatives al
the election in November. The power
full interests which have been attempt
ing to force the Mellon plan on the
people will succeed if Mr.. Coolidge and
a Republican majority in the Senate
and the House are chosen. It was only
the Democrats, with assistance from
certain western Progressives, that pre-
vented the enactment Of the Mellor
scheme in the recent session of Con
gress.
These millionaires and Millionaire.
for whom President Coolidge and Sec
rotary Mellon have fought so hard il
the last fourteen months could wei
afford to spend millions to control the
elections in November. The savins
they could thus obtain through the re
duction of their normal and surtaxe.
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