Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-05-07
Does Not Want Publicity on
Tax Returns - Disappr0ves
Democratic Substitute for
Corporation Tax and Income
Tax Schedule - Republican
Leader Hopes to Whip Insur-
gents Into Line for Com.
promise Measure

washington, May 6.-Senate Re-
publican organization leaders moved
today to save as far as possible the
nrincipal features of the committee
revenue bill in the light Of word
from President Coolidge that he
disliked some of the proposed
amendments as well as others al
ready substituted in the measure.
Immediate attention was conferred
u,on the income tax schedule and
agreement was reached at a confer
once of the party this morning to
accept the house rates IL necessary
70 gain a substitute for the Demo-
cratic plan voted into the bill yester-
day in place of the Mellon rates.
Renublican Spokesman expressed
confidence that the 81 IL percent
maximum surtax rate in the house
man would win out against the DEM
ncratic 40 percent rate on the final
showdown, which will come when
the bill is up for passage.
Two other problems faced the or
gonization leaders, however. Presi-
dent Coolidge today let it be known
he was strenuously opposed to the
nrovision voted into the measure for
full publicity of tax returns and to
the proposed Democratic substitute
for the corporation tax as well as to
the Democratic income tax schedule.
II also was made plain at the
White House that the President had
not changed his stand of firm adj
berence to the Mellon plan with
ont compromise on the main prof.
sions. but at the same time that he
would not indicate his attitude as to
approval or disapproval of the bill
until it came before him.
While Republicans count on q
break in the Democratic ranks as
well as support from some of the
absentees of yesterday In gaining
the house income rates, q confer
ence has been called for tomorrow
at which an attempt will be made
10 line up some of the party insur-
gents whose votes made possible the
Democratic victory. None of the in
surgents were present at the party
conference today.
Senator Watson, Republican. In
diana, has undertaken to work out
an agreement on farm legislation,
in view OF the conflicting views on
the McNary- Haugen export bill and
1t is understood that a propoEal
may be made whereby in return for
support of the farm relief bill In
surgent approval OF a Republican
surtax schedule would be given.
In this connection the Republl-
can conference today voted 20 to 4
to make their first compromise move
on q maximum surtaX rate of 32
percent and then to go to the house
rates II defeated. -
Insurgents have indicated little
desire to compromise. Senator
Brookhart, Of Iowa, one Of their
leaders, declared today he would
even seek to retain the present max
imum surtax of so percent.
Democrats expressed little doubt
today that their rates, approved by
a vote of 43 to 40, would stand on
the final test. At party confer
ence today 1t was agreed to push
to the limit the proposal of Sena-
tor Jones, Democrat, New Mexico
for substitution of the graduated
scale of rates in place Of the pres
ent fiat corporation tax of II Il
percent. This provision will be
taken up next in consideration OF
the revenue bill.
It was this schedule which Presi-
dent Coolidge today indicated op-
Continued on Page 9-CoI. ~