The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1927-11-01
MILLION PLAN
FOR TAX CUT
OPENS fight
C. of C. Asks $500, 900, 900
Slash; House Leaders
Are DispIeased.
ALL WANT REDUCTIONS
Industry and Farm Chiefs
Are First on List of
Special PIeaderS.

WASHINGTON Nov. 1.-Siding
with the Democrats against Presi-
dent Coolidge and Secretary OF
Treasury Mellon, representatives OF
the United States Chamber of Com
merce today appealed to he House
Ways and Means Committee for a
$400,O00,000 tax reduction.
Appearing at opening of the
hearings on the new revenue bill,
spokesman for the chamber asked
the committee to reduce the cor
porations tax from 1914 to 10 per
cent, wipe out all excise taxes on
automobiles and admissions, and
eliminate the estates tax.
Mellon Plan May Be Basis
Both Republican Chairman Green
of Iowa and Representative Garner
(Democrat) of Texas, ranking
minority member of the House
Ways and Means Committee, ex-
pressed displeasure with the $685.
100000 cut as proposed by Mellon at
opening of the committee hearings
yesterday.
This indicates the Mellon plan
may be used as a basis for the new
tax reduction, but it will be mate
rally changed before it can get
through Congress to President Cool
1dge's desk.
Both Green and Garner, as house
tax leaders of the opposing factions
in Congress, favor he Mellon scheme
of reducing corporation taxes. Gar
ner, however, feels corporation levies
should be decreased from 1917 per
cent 10 per cent instead of to II
per cent as Mellon proposed.
Everybody Wants Slash
If the taxes ARE to be re-
duced, it seems everybody wants
his taxes included. That was being
demonstrated today as various in
terests began to be heard from IN
the investigation, in progress here.
Mellon and Undersecretary Mills
made their recommendatio nsMonday
but today the committee heard the
first of large group of special
pleaderS.
Before the hearing concludes, the
WAYS and Means Committee, which
will write the new law, will have
heard spokesman for almost every
organized group The consumer
will be heard along with the repre-
sentatives of big business, likewise
the farmer, the organized laborer,
the author, the women's club mem
Der, the automobile owner, the
manufacturer.
Industry Chiefs Heard
At today's hearing there were
pleaders for the National Assocl-
alton of Manufacturers the Cham
Der of Commerce of the United
States. the National Retail Dry
Goods Association, the American
Electric Railway Association and
the American Farm Bureau Fedora
ton.
Spokesman for the Consumers
Cooperative Association, the Asso-
citation of Railway Executives and
the National Lumber Manufacture
ers' Association will be among those
heard tomorrow.
Thursday the Authors League,
music publishers, American bank
ers, National Federation Of Business
and Professional Women's Clubs
and real estate statesmen will be
represented.
Motorists to Be Heard
Lawyers and citizens speaking for
themselves, individually, will testify
Friday. Next Monday the Ameri-
can Automobile Association, speak
ing for the motorists, and the Ma
tional Automobile Chamber OF
Commerce, speaking for manufac-
turers, will urge that the 3 per cent
tax on new cars and accessories be
eliminated.
Baseball magnates, theater own
ers and motion picture producers
will unite next week to urge ellm1-
nation of the amusement tax.