Salt Lake Herald-Republican | 1920-05-11 | Page 1 | Sales Tax Taken from Bonus Bill

SALES TAX TAKEN FROM BONUS BILL House Committee Drops Direct Direct Di Di- reet Revenue Plan in SOldiers s' s A Act Ac f Washington Ma May 10 Republican members of oC the House Wa ways s an and 1 means committee agreed toda today to bring in a substitute for Cor the soldier bonus bill with the proposal for lor a 1 per cent tax on sales eliminated as a means o of raising necessary fun funds 13 Other tax provisions would bo be extended over three years rears Under tho the new bill compensation for forborne home borne service is reduced from 1 1 25 to 1 for or each da day of oC service while pa payments payments pay pay- ments for foreign service remain at 1 25 a da day would be made for Cor service from April 6 1917 HIli to July 1 1919 under the new bill instead of from April C G 1917 to January 1 I 19 1920 O aa as un under er the pending measure Payments of oC the cash bonus would begin in April 1 1921 and be continued I in twelve quarterly installments The four tour options for the cash bonus home or farm aid up paid Insurance and tuition tul- tul tion for education would have a 1 40 per cent increase In value alue over the cash bonus under the substitute measure meas meas- ure nrc ure Instead of or being determined on a basis of or a da day for tor each day of or S service e rv Ice Tho The plan of or reclamation of ot land to provide farms was wa changed in the sub sub- bill to eliminate tho the 1000 loan and also to Deduce educe authorization for carryIng carryIng carry- carry Ing Ine- out the scheme from to Republicans estimate approximately 4 40 In the cost o of the tho measure had been eliminated and that the remodeled bill would call for tor an expenditure of oC Taxes faxes levied b by the tho bill would be become become become be- be come effective next December and would induce the Increase on Incomes tobacco and real estate s sales sas and a n new levy on stock and grain exchange transactions One Ono plan su suggested t td to decrease rev rev- necessary to pa pay adjusted compensation compensation com corn under the bill was to reduce tho adjusted compensation for domestic domestic domestic domes domes- tic service ser from 12 to U H a da day givIng giving ing lug a preference of oC 1 12 2 flat for overseas overseas over over- seas service The ma maximum time under under un un- un- un der iler this plan would bo be from April 6 1917 1017 to Jul July 1 I 1919 the latter laller date under the original bill bin being heln- January Januar 1 1 1 1920 1020 0 Such changes es committee members members mem men bers said woud amount to a savIn saving of ot S