The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-05-27
HOUSE PUTS
IT THROUGH
BY 376 TO 9
Approval By Coolidge Is
Considered AS Ger
tainty
MELLON SWINGS
TO COMPROMISE
Conference Report Had
Almost Unanimous
Endorsement
WILL CUT PAYMENT
1851, 100000 IN 1925
Expected To Take Care
Of Bonus And Meet
Necessary Expenses
WILL CUT PAYMENT
1851, 100000 IN 1925
By THOMAS l.. STOKES,
(By Leased Wire to The Age-HeraId)

(by Leased wire 10 Inc ABe.uoTaIuJ
WASHINGTON, May 20. -
Treasury officials regard the COM
promise tax bill as a considerable
Improvement over the existing law.
Some features are Objectionable to
Secretary Mellon, but he has no
intention of urging a veto.
This attitude forecasting sigma
ture by the President, was made
known authoritatively at the treas
ury department soon after h g
House had passed the compromise
bill by the overwhelming vote OF
376 to 9. Within an hour the bill
was sent to the White House from
the capitol and President Coolidge
Immediately referred it to Mellon,
who expects to have report on it
ready Tuesday or the following day.
To Accept Bill
The administration would have pre-
| ferred the Mellon plan, but being un-
| able to get that, is ready to accept the
present bill because it appears to be an
improvement over the present tax law.
The tax rates are not what Mellon
wanted, but they represent a reduction
from the present law. He disikes the
partial publicity feature, but, taking
the bill as a whole, treasury officials
are ready to accept it.
Veto of the new bill would delay
tax reduction by many months, leaving
business unsettled during that period.
Furthermore, there is no assurance that
the temper of Congress would change
by next December, SO that not until
the new Congress comes in after March
4, next, could there be any material
change in sentiment in either the
House or Senate.
President Coolidge has been expected
to approve the bill, whether Mellon
recommended it or not. Now the fact
that Mellon has swung around makes
his signature almost certain.
Six Oppose Measure
The bill went to the President with
almost the unanimous endorsement of
Congress. Only six votes were cast
against the conference report in the
Senate, some of these coming from in
surgents who were dissatisfied with
elimination of the full publicity amend
ment of Senator Norris, while only
nine votes were cast against it in the
House Monday, all from republicans
who stood to the last for the Mellon
plan.
Those voting against the conference
report in the House we're: Fem, Mer-
rift and Tilson, Connecticut; Hill,
Maryland McFadden and Phillips,
Pennsylvania Mills and Wainwright,
New York, and Moores, Indiana.
Cuts Taxes 1851 zoo, 600
The measure reduces the tax bill of
the country by approximately $751;
100000 in the fiscal year 1925, ending
June 30, next year, and around $421,-
100000 for the fiscal year, 1925, it has
been estimated by Chairman Green,
of the House ways and means COM
1t will reduce taxes in the present cal
endar year $2SS,0000O0, Green esti-
mates. 1922, 100000 reduction through
the % per cent flat cut this year, and
500 100000 in excise tax reductions
which become effective this year. AL
together the measure cuts excise taxes,
Continued on Page Two)