Evening star., 1924-02-27
GARNER TAXPLAN
LOSS, S483,ODO,0lO
New Treasury Figures Esti-
mate Mellon Rates Would
Cut Off s350,000,OOO.

\ new set of Treasury figures, made
public today by Representative Gar
ner. Texas. ranking democrat on the
House ways and means committee
cstiHa ated that the personal income
tax reduction schedule CT the Garner
tax plan would result in IL loss Of
siS3, 100000 in revenue In 1925, and
the Mellon plan 5000, 900.
The estimates did not take into
consideration proposed reductions in
the miscellaneous taxes and We're
based on estimated revenue for the
calendar year 1925. Joseph Mccoy,
government. actuars. who made the
estimates, said also they were predi-
Gated upon the passage of either plan
so that their effect will be felt by
business the latter part of 1924
Garner Attacks Figures.
Commenting on the estimates. Mr.
Garner in a statement said it would
be observed that the estimates on
the Mellon plan show a $3.50. .00O.0 900
loss, whereas, in the letter to Chair
man Green of the ways and means
committee the Treasury Secretary
estimated the loss at s2s9, 100000"
He also observed that the actuary
placed great emphasis upon the effect
upon business the latter part of 1924"
and said he called attention ito these
matters to show the unrelia bility of
the figures that have been emanating
from the Treasury Department"
Mr.. Garner has written another let
ter to the Treasury Department ask
ing for a complete new set of esti-
mates.
With the tax bill discussions near
ing a close in the House. leaders again
devoted attention today to soldier
compensation. Representative Gar
rett. Tennessee, democratic floor
leader, called a conference of the
democrats for tomorrow afternoon to
outline a party program on the bonus
fight.
End Debate This Week.
House members prepared today to
wind up the revenue bill debate be-
fore the end Of the week, and leaders
of both parties took advantage of the
first legislative day off from discus
sion of the measure since it was taken
up two weeks ago to sound out their
forces for the fight when a final vote
is taken.
The contest over reduction of the
automobile taxes will be resumed to-
morrow. Considerable sentiment was
expressed in the brief and heated de-
bate on these proposals yesterday in
favor reducing the per cent tax
on automobile tires and accessories
to 21a per cent, and repeating the 3
per cent tax on automobile trucks
having chassis selling for less than
$1,000.
Inserts Gift Tax.
Before reaching this section of the
bill yesterday the House inserted a
gift tax in the measure, approved re-
peal Of the 10 per cent admission tax
on theater tickets selling for SO cents
and less, and voted to increase from
SO to 81 per thousand the tax on ci-
garettes.
Few extended contests over other
of the miscellaneous taxes yet to be
considered are expected, although
Representative Rainey, Illinois, a
democratic member of the ways and
means coiLihillee, oalu ou the Hoor
Yesterday he would propose restora-
tion of the chewing gum tax.
! Retroactive PROPOSAL.
Secretary Melons proposal for a
board Of tax appeals. placed in the
bill with some changes to give the
lpower of appointment of members to
the President rather than to the
Treasury Secretary, also remains to
| be considered.