Evening star., 1932-04-01
HOUSE COMPLETES
TAX AMENDMENTS.
S88, 900, 900 Expected as
Assessment Is Planned on
Stock Dividends.
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every cabinet member is going over TO
the Senate and yowling that we are
running their departments. he said.
How are you going to get anywhere
when that happens?
These same cabinet officers and Mr..
Hoover could save that $250,000 900
themselves if they wanted to. They
refuse to do 1t. 1t could be done, it
ought to be done and it will be done" :"
Acting Chairman Crisp of the Ways
and Means Committee said the COM
mittee reduced its estimate on saw
ings to $2Oo,ooO,o 900.
He said Secretary Mills had changed
many Of the Treasury's original esti-
mates Of yields on proposed taxes, low
ering several.
In Mills original estimate Of savings,
he said that $15O,oo0,o0o could be
slashed from appropriations. Already,
the House Appropriations Committee
has cut six appropriation bills $l15,-
900, 900.
Byrns Expects Slashes.
Chairman Byrns of the House Ap-
preparations Committee expects to slash
budget figures for the War and Navy
Departments by 100000 900. These re-
ductions do not take into considera-
ton the 10 per cent cut ordered on
supply bills by the Senate.
AS the committee pondered what ad-
ditional taxes it would offer for the
bill before consideration Of the measure
In finished today by the House, Rep
resentative Clancy, Republican, Of
be sought on the 8 per cent tax on au-
tomobiles, per cent on trucks and
per cent on accessories. An effort
would be made to have the Senate strike
out the item. he said.
Reconsideration will be sought Of sew
eral other items. however
Garner said: Any time the Treasury
wants to have its way it can do it." he
said. Its estimates for many. years
have been low, when it wanted them
that way, and high when 1t wanted
st think the country knows I have
outguessed them in many instances"
Declares Treasury Unfair.
He expressed belief that increased
rates on individual income taxes would
bring in $20o00,000 more than the
Treasury estimated. and that the net
loss repeal provision would net $780,
100000 instead of $70,000,000, as the
Treasury figured.
They simply don't want the net
loss change" he said When the
Treasury and the administration don't
want q thing. they simply say 1t won't
bring in what other people say it will.
IT think it is quite unfair for the
Treasury to reduce by 80 or 40 per cent
the very estimates it gave to us cou-
pie Of months ago.
They can't be doing that on any
basis but the belief that the country
is going to be much worse off. The
Treasury ought at least to figure the
country is going to hold its own. That's
one reason for trying to balance the
budget d.
ITO say we can't reduce expenses but
$125, 900, 900 is simply to say the ad-
nlinistration won't reduce them any
more than that"
Explains Differences.
Crisp took the floor when the House
met and outlined the difference between
the Treasury and committee estimates.
Secretary Mills allows only $125,-
300 900 for reducing expenditures" Crisp
Is just as apt to be correct and accu-
rate as the Treasury, allows 5000, ,000, 900
IN savings.
Under the Treasury estimate we
would fall $l59 100000 short Of balanc-
ing the budget The committee esti-
mates the bill as it now stands would
fall $50, ,000, 900 short. Estimates of the
Joint Congressional Tax Committee
would leave an actual surplus of
$4,000, 900.
The committee realized hard-headed
business men would be more apt to
accept the Treasury's than our esti-
mate. Therefore the committee deter
mined to leave no question and pro-
poses now an amendment to raise
$S0,o00,000.
Oppose Amendment.
Representative Treadway (Repub-
Ncan) of Massachusetts,, member OF
the committee. opposed the Crisp
amendment, which would apply normal
income taxes to dividends paid by cor
porations having a gross income OF
over $25 900.
This is the first time partisanship
was introduced into the Ways and
Means Committee Treadway said.
THE Republican members were taken
wholly by surprise"
Treadway proposed that dividend in
comes up to $4,000 should continue ex-
empt from normal taxes. The Tread
way amendment would apply the tax TO
individuals and that by Crisp would be
applicable to corporations.
Representative Ragon, Democrat, OF
Arkansas, said the Treasury estimates
submitted to his subcommittee were
"indefensible," and charged that If
partisanship was introduced into this
bill it was done by the Treasury De-
partment and not the Democratic
members of the House"
Ragon said Mills appeared before the
committee and said expenses of the
Government could be cut 5000, 100000
and then in his revised estimates had
slid only $125 ,00G 900 could be saved.
If the administrations departments
,tnd To they. could cIit their sY-