Show i TAX PROPOSAlS I IA ii Leaders li ers in to Congress Oppose High Higher r Levy on Small a Incomes Incomes Incomes' i. i Bj fly THOMAS THOl L. L STOKES STORES United Press Staff Correspondent WASHINGTON N Nov V. V Demo 20 20 Demo Democrats crat served notice today they would oppose any attempt to increase taxes i on the little fellow This was the way they met Secretary Secretary Secre Secre- tary of ot Treasury Mellons Mellon's proposals for Increased normal taxes lowering of or exemptions to m make ke more people pay taxes and a selective sales ales tax which among other things would levy on on such uch as automobiles automobiles auto auto- mobiles Mellon Melton wants to raise a a- billion dollars to balance the budget The Mellon program which also in includes In- In cJ elUdes des some increases in surtax rates on large Incomes has hIlS' been Indorsed by several senate administration leaders although house Republican leaders for tor the most part have thus far declined to commit themselves definitely The latter Jatter however are generally acquiescent in a tax rise as necessary to balance the budget The tax bill bUl must originate in n the house and within the next few days leaders there both Democratic and Republican arc expected to 10 develop the of their plans INTENDS TO Tt O FIGHT The man who will b be chairman of the house ways and means committee If Democrats organize Representative tive made It plain that he would fight light 0 any program which increased taxes on the small taxpayer He regards the selective sales tax as in this class along with Increased normal tax rates and broadening of the tax b base e by lowering lowering lowering lower lower- ing exemptions He said sald t the e larger incomes sho should ld bear the brunt of the Increase But Buthe he was was very very careful as as' as asare are other Democratic leaders to emphasize that they do not intend to put putt an undue burden upon wealth business business' or in industry industry in- in Representative Garner Dem Texas prospective speaker has re refused refused refused re- re fused to disclose his stand tand on a tax program The Mellon program is drafted along lines of the 1924 revenue act which 1 if followed would provide normal normal normal nor nor- mal rates of 2 per percent cent on the first taxable income 4 percent per cent on on the next and 6 per cent above that PRESENT RATES Present normal rates are 15 3 and 5 respectively Exemptions of the 1924 law were 1000 for single persons and 2500 for tor married persons Present Present Pres Pres- Present ent exemptions arc are 1500 and The White House denied that President President Pres Pres- ident Hoover had any any specific tax program but anyone who anyone who has spent any time Jn the treasury knows with what industry and diligence dili diU- diligence gence Mellon and his experts experts' have been formulating their views for presentation presentation pre pre- to congress when called coned upon A definite expression of the administrations administration's admin admin- attitude may be expected early next week next week it was intimated at the White House I |