The midland journal. (Rising Sun, Md.) 1885-1947, 1926-03-05
NEWS REVIEW OF
CURRENT EVENTS
New Tax Bill, as Fixed by
Conferees, Now Is Law
Wet and Dry Conflict.
BY EDWARD w. PlcKARD


APPROVED by the house and SEN
4 \ ate and signed by President Cool
idge, the revenue act of 1926" as
fixed up by the conference committees
is now law. The house accepted the
conference report by vote of 354 to
%. The negative votes represented
the opposition of the radicals to re-
auctions Of high surtaxes and estate
taxes and the protest of another group
that wished the estate tax completely
repealed.
Republicans recorded in the mega
tive were Representatives Beck,
Browne, Lampert, Nelson, Peavey.
Schafer, Schneider and voigt of Wis
eonsin, Ramsey Uowa), Anthony and
Hoch (Kan.), Johnson. Christopherson
and Williamson Is. d.. Simmons
(Neb.), and Sinclair IN. d..
Democrats were Representatives
Drane, Green and Sears (Fla.), ALL
good and Oliver (Ala.), Howard and
Morehead (Neb.), and Gilbert (Ky.).
Others voting in the negative were
Representatives Carss, Kvale and We
fald (Farmer-Labor, Minn.). and La
Guardia Socialist, NJ ~.
Representative McDuffie (Dem..
Ala.), was recorded as present.
Ten senators voted against the bill,
with 81 recorded in favor Of it. The
negative votes were cast by Senators
Frazier and Nye (Rep., N. d.. Nor
beck (Rep., s. d.. La Toilette (Rep.,
Wis), and Howell (Rep., Neb.), Walsh
and Wheeler (Dem. MONTH, Blease
(Dem., S. CO.. and Trammell (Dem.,
Fla.), and Shipstead tFarmer-Labor,
Minn).
With the exception Of Senator Tram
NELL, who registered his protest
against the continuance of the estate
tax, the opposition was based chiefly
upon reductions in high surfaces and
estate tax rates, repeal Of publicity and
other features which the more radical
senator's have attacked.
BY the new law the governments in
come is reduced by about $685., 000,-
600 in 1925 and $343. 100000. in 1927.
Though the cut greatly exceeds that
recommended by the treasury, Secre-
tary Mellon is not worried for he be-
lieves that il business continues good
the revenues will be sufficient. The
President, too, is fairly well satisfied
with the measure but counts on con-
gress to be economical in appropria-
lions for new expenditures.
An important feature of the new
law is the creation of a permanent
joint congressional committee Of ten
whose duty is to investigate the opera
ton and effects Of the present tax sys-
TEN, to investigate the administration
Of taxes by the bureau of internal rev.
enue, to investigate measures and
methods for the simplification of such
taxes, to make definite report to the
senate and house embodying recon-
mendations not later than December
81, 1927, and to report otherwise to
the finance and ways and means COM
mittees and to the senate and house
from time to time as Investigations
are made or recommendations decided
upon.
THROUGH trained observers assert
Il there is not the slightest chance
for modification of the Yolstead act
at this session of congress, the vets
are carrying on their campaign vigor-
ously. Their 'face the facts" confer
ence in Washington was attended by
more than 500 men and women from
all parts of the country and was
marked by Senator Edges plea for a
nationwide referendum on proposals
to legalize beer and light wines and
to tighten the law against distilled
spirits. In the house Of representa-
tives wet and dry members are advo-
eating, respectively, examination OF
the books and activities Of the Anti
Saloon league and the Association
Against the Prohibition Amendment.
William H. Stayton, executive head OF
the association, has announced that
the organization is willing to have its
books looked into IL the league is
ready to reveal its records, and II the