Evening star., 1932-03-06
Designed to End Deficit by
Close of Fiscal Year 1888
and Raise Additional ST.
100000, 600 Revenue.
MEASURE HAS APPROVAL
OF TREASURY SECRETARY
Sales Levy to Yield $685., 900, 900
Is Hub of Measure-Crisp Out
lines Provisions-Predicts Big
1884 Surplus, Making Cut in
Rates on Some Taxes Possible.
BY G. GOULD LINCOLN.

A "non-partisan" tax bill, de-
signed to raise $1,100,000,000 ad-
ditional revenue and to wipe out
the Treasury deficit by the close
of the fiscal year 1888, was COM
pleted by the Ways and Means
Committee of the House late yes
terday. BY unanimous vote of the
committee Acting Chairman Crisp
was ordered to introduce it in the
House tomorrow.
The hub of the bill is a manu-
facturers' sales tax, from which
food and certain other commodi-
ties regarded as necessities have
been exempted. This manufac-
turers' tax has been fixed at 2.25
per cent and 1t is estimated that
the tax will bring in $595, 600, 600
in revenue.
A last minute effort to amend
the bill by the adoption of a tax
OF IS a barrel on beer was defeated
IN the committee by vote of 81
to 8. Representative Cullen of
New York offered the amendment.
Statements commencing the bill and
the committee were issued by Secre-
tary Ogden Mills OF the Treasury De-
partment and by Representative Tread
way OF Massachusetts, veteran Re-
publican member Of the COMMITTEES.
Mills Approves Program.
Secretary Mills said:
THE proposals for raising additional
revenue adopted by the Ways and
Means Committee should assure the at
tainment of the Treasury's main OBJ
jective. The budget of the fiscal year
1888 can now be balanced in the sense
that there will be no further increase
In the public debt after June 80 next"
The Secretary of the Treasury pointed
out that the committee was counting on
| reducing expenditures of the Govern
| ment by SIPS, 100000, which, with the
| new revenue derived from the bill.
would make 1t possible to wipe out the
| deficit. He strongly urged that there
| should be no increase in governmental
expenditures.
Secretary Mills added:
Although differing in many respects
from the recommendations submitted
by us, the committees program has the
approval of the Treasury Department
and Will receive its hearty support.
i cannot let this occasion pass with
out expressing my appreciation of the
fine spirit and of the devoted patriotic
manner in which my former colleagues
! on the Ways and Means Committee
| have completed the enormously diff
cult task assigned to them"
Bill May Come Up Thursday.
Representative Crisp of Georgia, the
acting chairman of the committee in
| the absence of Representative Collier
OF Mississippi, who Is i'll, gave the de-
tails OF the bill and said that he hoped
to get 1t up for consideration in the
House not later than Thursday or Fri
day Of this week. No attempt, he said,
would be made to bring in a special
rule for the consideration of the bill.
1t would be considered under the ordi-
nary rules of the House and will be
subject to amendment from the floor.
Mr.. Crisp said the committee had
reduced the personal exemptions for
the income tax so that the exemption
for married men would be $2,50O in
stead of $500, as in the present law,
and for single persons the exemption
would be 81 900 instead of $500. The
new income taxes apply to incomes in
1882 and are not retroactive
This will increase considerably the
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