Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-02-09
l|EWS0N TAX CUT
49, 'sa
DEBATED IN MOVIES
Harrison and Edge Speeches
on. Reduction Recorded
- for Public.

v r. the Associated Press.
Views of Democratic members Of the
l.nate finance committee faroring I'M
Mediate and fun" tax reduction and OF
he Republicans for cautious and con-
ervative action on the pending reVe-
ue measure have been presented to
he public in the talking movies by
t-nator Harrison Of Mississippi. Demo-
rat. and Senator Edge. Of New Jersey.
REPUBLICAN,.
senator Harrison in bis speech COM
Nained Of the inSistenCe OF the admin
stration in delaying action on the tax
MEASURE until after March Is. Senator
kse warned that unsafe tax reduction,
ihile Temporarily acceptable to the pub
c would be harmful and unfortunate.
Meanwhile. the Republicans appear to
" holding SUFFICIENT strength to keep
he tax bill before the committee until
kter March Is. when an insight into
Prospective revenue for this year can
l. obtained from first tax returns.
In every year since 1922" Senator
Harrison declared in his talk for the
movies. the Governments revenues
tave exceeded the Treasury estimates
rom 500 100000 to $500 000.o 600. In
he consideration of the last three tax
eduction bills because of the misleading
Treasury estimates and the influence OF
he administration we were restrained
rom giving the amount OF reduction
hat the Treasury warranted.
Holds Taxpayers Overburdened.
while the imposition of taxes is a
tecessity they are a. the same time
s,rdcns and should never be laid upon
he taxpayer in greater amount than
required TO meet the requirements
II the sinking fund that the national
tebt may be paid in reasonable time
md those requirements necessary for
he rational and economical admins
ration of the government.
Excessive SURPRISES should not be
,iled up at the expense OF the tax
tavers. Last year. notwithstanding the
hc. that We had accumulated surplus
n $3.50. 900 900, the administration and
Is cohorts in the Congress refused a
REDUCTION Of taxes This year with an
ktimsted surplus of $3.50. 000, 900 in the
treasury and with the House of Repre-
kntatives having passed tax bill as
Is first order of business, the Senate.
through, influence Of the administration.
efuses TO consider the question and
sas employed every means to delay
immediate passage of the revenue bill
Ire drawn in the Congress and ! call
lpon the American people to uphold
NE hands of those OF US who are bat
nins in Congress for immediate and
I'LL tax reduction"
Senator Edge said:
In my years Of active business ex-
Herience ! learned il never paid in the
hng run to declare or. paw dividend
Unless II was earned. Likewise. even
rf1en profits were made. 1t was wisdom
o put a reasonable portion aside for
he proverbial day.
Urges Business Principles.
"A small dividend reserving fair
urplrs indicates prosperity and good
management. A large dividend and no
urplns is ceceiving and encourages
.sstes and extravaganza In my judy
nent the above fundamental business
principles should be all controlling in
nnsefving and distributing the income |
:, The Government. Frequent but con- |
ervative dividends 10 the public in the !
!1ape of income tax reductions will ;
,rl:inus the stimulation which makes !
or happy and contented people.
ION the ether hand, an unsafe tax res
uctidn. while temporarily acceptable to
he public. woafld be harmful and UNI
ortunate. This especially II because Of |
cduced income. Congress would be later |
:ompelled TO call back In the shape OF .
lev taxation burdens the dividends al |
rady spent
1T is difficult IN these DAYS TO be too
conservative particularly in the expendi-
vre OF other peoples money. but with
ne unpaid war debt 6f $4,000 900 000
my surplus in the Treasury can well be
properly applied 20 lowering that debt.
fas saving the taxpayers The millions
" dollars in accruin: interest"