Milford chronicle., 1925-02-27
OUR WASHINGTON LETTER
(By National Editorial Association
1Snecial To Chrnniclal


Washington, Feb. 25-In another week th
sixty-eighth Congress will pass into history M
set of relatives ever manifested more concern
over the bequests of dying, rich man thar
members of the Senate and House have display
ed over last-minute legislation. There is hustle
and hustle everywhere as members endeavor tc
rescue legislative measures which are important
to their particular districts.
! During the last few days night sessions have
been held so that several hundred minor bills
could be considered. Members of Congress must
Of necessity spend sometime in their districts
between now and the next session in December.
Hence, the eleventh hour effort to provide good
record or an alibi to satisfy their constituents
Those in official life having an interest in tax
reduction are anXiously awaiting the compila-
tion of income tax payments due on March 15
1t is expected that the collections will be very
heavy. In anticipation of a large surplus the
Secretary of the Treasury and tax experts in
Congress are outlining legislative measures to
bring about tax relief.
1t is said that about $5S,OOO,OOO was saved in
Federal appropriations for the next fiscal year.
The Budget Bureau, under the direction of the
President, Topped off approximately $42,OOOOOO
from the departmental estimates of the present
year. Congress claims that it further reduced
the appropriations $4,000, OOO There is some de-
bate as to the effects of the proposed $3.50 100000
omnibus building bill on tax reduction This
measure which is awaiting attention in the Sen
ate would authorize construction of post Offices
and other buildings throughout the country. It
may be necessary but drain on the treasury is
involved.
The story is current in official circles that the
Democrats will advocate increasing the exemp-
tons of family heads to $4,000 under a new reve-
nue. act. A proposal of this kind would obvious
ly affect the majority of American families as
the average citizen does not earn $4,000 year.
The exemption for those charged with family |
responsibilities was increased considerable when
he present revenue bill was drafted. It is OBJ |
7ious that there will be considerable trading"
If ideas between Republicans and Democrats in
he House Committee on Ways and Means
Proposals have been made to call a meeting
# the committee in September, to revise the
resent tax bill. The opposition to the theory of
over surtaxes is waning. The Administration,
through the Treasury Department, will advocate
evision of Federal estate taxes which are now
lmost confscatory as several states also impose
similar levy. Il
me of securities which are now exempt from
lxation If the surplus from tax collections is s
Efficient to warrant such proposal, Secretary o
ellon will probably advocate a Is per cent rate c
# surtaxes instead of 25 per cent. The pres E
1t rate is a compromise of 371A per cent. a
Legislators from the rural sections of the s.
est have indicated that they will talk over a
lestions of foreign debt and domestic prosper c
with their constituents during the summer il
me congressman have gone on record of late is
posing the floating of foreign loans in this ~ ~
untry Of nations now indebted to the Federal G.
vernment. ia
Lozier, of Missouri, stated this pl
ek that more than four billion dollars of Am in
can money has been withdrawn from domes- ql
channels and sent overseas. He believes that de
S is too lavish an investment of American w.
ney it is, he says, retarding the economic re- bo
lstruction of America and delaying the re- co
1ilitation of American agriculture. The pro- a C9
sal of Lozier that bankers should not make Sc
eign loans while there is a substantial de- ST
nd for domestic purposes, will not go very II III
It may be ideal but not practical. IF
he demand for legislative panaceas seldom, if lev
r, dwindles. All classes come to Congress sal
h hard luck stories. There are a number of j.,
- 5.-, IN
S designed to give legislative aid to various all
ustries which will die from lack of attention tin
he Department of Labor had made an analy-
of conditions throughout the country this
* and found that employment conditions are
NAL In sections where unemployment is no. n
it is attributed to seasonal curtailments daf
ch occur in many lines. Building construc- Mo
in nearly every state has been considerably 81 bri
'eased, due primarily to extreme winter wea- 6
;. In northern states the surplus farm labor yes
been employed in cutting shipping and val
sine of ioo Tnoroo,o, ,.,+i,4 - = the
8, ~ "N'i't'I HS'S OeeH HO- eau
in the major industries so that the prospect 9
leasing for busy spring and summer fish
!t.. carr
. y S-H3+ IhOa