Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-03-07
STUDENT MAGICIAN AND WIFE
MUST FACE GRAND JURY PROBE
IN DEATH THEIR infant CHILD
MOVE TO MAKE TAX
INCOME CUT APPLY
TO THOSE DUE NOW

Washington, March 6-Machinery
was set in motion in congress to-
day to remove from the revenue bill
the provision f4r a c5 per cent re-
duction On personal income taxes
payable this year and incorporate it
in joint resolution which could be
adopted before March Is, when first
installments are due.
Acting on a request from the
treasury department. the senate fin
| ance committee unanimously indi-
Gated its desire to agree to such a
procedure, and Chairman Green of
the house ways and means commit
tee announced he would place the
} proposal before that committee to-
morrow. IL adopted, Mr.. Green SAID,
he would call for special rule
which would permit the house TO
take the resolution up Immediately.
a flare back, which leaders late TO-
| day admitted was growing to con-
| siderable proportions, developed,
however, and led to remarks by some
| members that removal of the pro-
posal from the revenue bill might
leave that measure open to delay in
enactment.
In this connection some members
also recalled the recent statement of
Representative Tilson, # Connect
! cut. Republican member of the ways
| and means committee. and a Staunch
| advocate of the Mellon rates which
| were eliminated from the bill, sug-
| costing such action by joint resolu-
sI.~,.f -, 4
veto of the measure itself.
| After talking the proposition over,
| with some leaders in the senate,
| Senator Harrison, Democrat. NissiS-
| sipri, a member of tie finance COM
mittee, said it was the opinion of
Democrats that the reduction should
| be allowed. perhaps as soon as pos
sibe. but that it was probable they
| would contend for n reduction on the
| basis of the Democratic income tax
| rates rather than on a fiat 25 per
cent reduction on taxes Under the
present law.
Should senate Democrats carry out
| this plan the entire income tax fight
; would be brought to n head. and
leaders predicted Sch contest
would prevent action before March
! Is.
Tho 25 per cent reduction proposal
| was among the first propositions
! taken up by the senate finance COM
mittee today in starting work on the
! revenue bill.
Joseph Mccoy, government actu-
: AIRY. later presented estimates on the
! effect of the measure passed by the
! house on government revenue, show
/ ing the bill would result in loss of
/ $ii6,270, 900 in revenue in the calen-
! dar year 1925. compared with the
amount which would be collected
under the present law. Chairman
! Smooth has estimated this would fail
| by Sl0O,000,000 of raising sufficient
! revenue to operate the government
regardless of a bonus measure or
! otter special appropriation bills.
! 1t was planned to hear Secretary
been postponed until Monday.
! Mellon tomorrow but tho appear
ance of the treasury secretary has
been postponed until Monday.
Actual consideration of the bill
! will he considered daily under plans
! announced by Mr. Smoot. and he
! predicted n bill would be reported in
about three weeks
| In asking immediate action on the
proposal to reduce taxes payable this
year the treasury explained nat
confusion was bound to rise if the
/ action were taken after March Is,
! requiring refunds on all first Install
ments paid. II also was said that tax
payers were delaying payments as a
result of the proposed action and
! that revenue receipts had fallen FAR
! below normal.