The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1925-02-26

be very heavy. In anticipation of |
large surplus the Secretary of tn
Treasury and tax experts in Congress
are outlining legislative measures t.
bring about tax relief.
1t is said that about $58,000,00,
was saved in Federal appropriation
for the next fiscal year. The Bulge
Bureau, under the direction of tn
President, hoped off approximate.
| $42,000,000 from the departments
estimates of the present year. Con
gress claims that it further reduce,
the appropriations $16,000,000. Their
is some debate as to the effects o
the proposed $150,000,000 omnibu
building bill on tax reduction. Thi
measure which is awaiting attention
in the Senate would authorize con
struction of post offices and othel
buildings throughout the country. L
may be necessary but drain on the
treasury is involved.
The story is current in official cir
cles that the Democrats will advocate
increasing exemptions of family heads
to $4,000 under a new revenue act.
A proposal of this kind would obvi.
ously affect the majority of American
families as the average citizen does
not earn $4,000 a year. The exemp.
ton for those charged with family re-
sponsibilities was increased consider
able when the present revenue bill
was drafted. It is obvious that there
will be considerable trading" OF
ideas between Republicans and Dem
ocrats in the House Committee on
Ways and Means.
Proposals have been made to call
a meeting of the committee in Sep
TENDER, to revise the present tax bill.
The opposition to the theory of lower
surtaxes is waning. The Administra-
ton, through the Treasury Depart
ment, will advocate revision of Fed
eral taxes which are now almost con-
fscatory as several states also i'm
pose similar levy.
Another effort will be made to- re-
duce the volume of securities which
are now exempt from taxation. If
the surplus from tax collections is
sufficient to warrant such a propos-
al, Secretary Mellon will probably
advocate a Is per cent rate for sur
taxes instead of rs per cent. The
present rate is a compromise of 81 u
per cent.
Legislators from the rural sections
of the West have indicated that they
will talk over questions of foreign
debt and domestic prosperity with
their constituents during the sum-
mer. Some congressman have gone
on record of late opposing the float
ing of foreign loans in this country
of nations now indebted to the Fed
eral Government.
Congressman Lozier, of Missouri,
stated this week that more than four
billion dollars of American money
has been withdrawn from domestic
channels and sent overseas. He be-
lieves that this is too lavish an in
vestment of American money. 1t is,
he says, retarding the economic re-
of America and delaying
the rehabilitation Of American agri-
culture. The proposal of Lozier that
bankers should not make foreign
loans while there is a substantial de-
mand for domestic purposes, will not
go very far. 1t may be ideal but not
practical.
The demand for legislative pana-
ceas seldom, if ever, dwindles. All
classes come to Congress with hard
uck stories. There are a number of
bills designed to give legislative aid
70 various industries which will die
from lack of attention.
The Department Of Labor had
made an analysis of conditions
the country this week and
found that employment conditions are
lormal. In sections where unemploy-
nent is noted it is attributed to sea-
'onal curtailments which occur in
many lines. Building construction in
nearly every state has been consid-
,rably decreased due primarily to ex-
RENE winter weather. In northern
tates the surplus farm labor has been
employed in cutting, shipping and
housing Of ice. Increased activity
las been noted in the major indus
ries SO that the prospect is pleasing
or a busy spring and summer.