The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1926-02-18
TAX REDUCTION
MEASURE Goes
TO CONFERENCE
Continued from page u.

Continued from page ~.
republicans; and Simmons, of North
Carolina, and Gerry, of Rhode Island,
democrats. The house members are
Green, of Iowa. Hawley, of Oregon,
Treadway, of Massachusetts, repub-
licans; and Garner, of Texas, and
Collier, of Mississippi democrats.
"a Millionaires Relief Measure"
The political uproar, which accom-.
panied the passage of the bill by the
senate, continued to echo thru the
capitol today. Although considerable
bitterness existed chiefly in the demo-
cratic ranks of the senate, the republi-
cans were not free from an internal
party row. The bill was denounced
as "millionaire's" relief measure by
both senators Norris, of Nebraska, and
Reed, of Missouri.
Senator Dill, of Washington, de-
clared: There is no intention in the
consideration of this bill to do justice
to the poor man. The only purpose
here is to relieve great wealth Of its
just share of taxation. The inheritance
tax was repealed because, it was said,
is was intended only for war purpose
and yet today we are paying $780,
100000 year as interest on our war
debt"
The bill also was described as a
''rich mans" relief measure by Sena-
tor Hawell, of Nebraska. Under the
motion for the repeal Of the inherit
ance taxes, he stated that $4,000 900
relief would be given to the multi
millionaire class of 1894 tax payers
and only S6OOOO,OO0 to all the other
tax payers. Under rebates allowed on
inheritance taxes, he added, $6O,O0O,-
600 relief would be given the same
1894 multimillionaires and only $4O,-
100000 to the 100000 other citi-
zens. "This is not only a millionaire's
relief BILL. he summed up: 1T is a
multi-millionaire's relief bill"
Differences Split Old Parties.
From the house side came rumbles
indicating division of opinion there
over some of the reductions ordered
by the senate. While representative
Green, chief of the house conferees,
was announcing that the house bill
would have to be restored in order to
keep within the limit of reductions
recommended by the treasury depart
ment, representative Tilson, of Con-
necticut, the republican floor leader,
was declaring the house would sup
port the senate's repeal of the estate
and amusement taxes. The repeal of
amusement taxes, which will strike
out $33,0OO,0O0 in revenue, probably
will be retained In the bill as a result
of this conflict of opinion in the house
The senate twice voted to repeal the
tax.
Some Juggling to be Done.
The first task of the conferees, how
ever, is to consider the surtax changes
ordered by the senate. These affect
indirectly incomes above $4,000 and
directly those between $4,000 and
$4,000. The senate ordered slight
reductions in the rates, while the
house voted TO retain the existing
rates. The senate rates probably will
be adopted. The senate's increase of
the corporation tax from 1914 to 1871
per cent, along with the repeal of the
capital stock tax, will be considered
next. AS only $5,0OO,O 900 revenue will
be lost by this change and the cor
porations will be saved from making
out two tax returns, the senate's ac-
ton probably will be accepted.
In the end, however, both the house
and senate must approve the decisions