Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-05-26
SENATE MODS

Washington, May 24.-The con-
ference report on the tax reduction
bill was approved today by the SEN
ate.
The report IL q compromise be-
tween the senate and the house bills
carrying the senate Democratic in
come rate schedule and the house
provision for limited publicity of re-
turns and no change in the present
corporation tax.
The vote on approving the report
was 60 to 6.
Thirty Republicans and 80 Demo-
Gratis supported the conference re-
port, while five Republicans and one
Farmer-Labor, Johnson of Minneso-
ia, opposed 1t. Besides Senator
Johnson those voting in the negative
were: Brookhart, Ernst, Frasier.
Moses and Morris.
Senator Brookhart announced,
however. he would vote to override
the veto of the bill. Senator Norris
opposed the report because of the
restrictions it made on his proposal
for full publicity of returns but
joined with other Republican ana
Democratic spokesman in lauding
the conference measure otherwise.
Veto Not Likely
\ The vote was taken by several
senators as a fair indication of the
lineup should the President veto the
bill. This, however, Is considered
unlikely by several Republican lead
ers.
The President conferred today
with Representatives Mills of New
York and Tillson of Connecticut. Re-
publicans, members of the house
ways and means committee, who
voted against passage Of the bill
when first before the house. They
said Mr.. Coolidge indicated little as
to his probable final action on the
measure. Although opposed to some
of the provisions, 1t Is understood
both representatives are in favor of
enactment of O tax reduction meas
ure into law.
Upsetting previous calculations,
Chairman Smoot of the senate f.
nance committee and one of the ad-
ministration spokesman i'm the SEN
ate said today the measure as now
framed would meet all government
expenses now regarded as necessary
the next fiscal year. Including the
soldiers bonus, outlay and permit a
treasury surplus of $2,OOO.0OO.
The house will take UP the con-
ferences report Monday and an
overwhelming acceptance there is
predicted. Little time is expected
to be devoted to debate and 1t is
considered likely the measure may
be engrossed and sent to the Pres
ident by Tuesday.
Speakers of both parties today
lauded the conference measure as
compared with the original proposal
son, Republican. California, declared
better than the bill proposed by Mr..
Mellon" on the ground that 1t Of
fered more relief to the tax payers
with smaller incomes. Defending
the treasury plan, Senator Mclean
of Connecticut, one of the Republic
can conferees, declared 1.-THE entire
theory of operating the government
by taking about one per cent. of the
people, when probed, Is shown TO
be an economic fallacy and q physi-
cal and financial impossibility.
eff the reformers really want to
benefit the small tax payers" he
added, "they should reduce the tax
upon the producer of his bread,
clothing and all of his necessities.
This will not only help the tax payer,
but everyone else, and the final re-
suit will be a material reduction in
the cost of living together with ev-
cry incentive 10 increase wages to
the deserving"
He urged, however, that the pend
ing bill become law and IAN intelli-
gent solution of the tax question be
taken up in the near future"