Show CUT COT MO IN AUTO TAX m CERTAIN CUTS FAVORED WILL GREATLY REDUCE PRICE TO ER SAYS COMMITTEE many other commodities are named in list which Is in line for tax reduction action Is expect td ed immediately washington repeal of the automobile taxes involving an estimated loss of revenue next year which will be among the problems confronting the house ways and means committee when it takes up consideration On ot of excise rates appears to have been made impossible by the slashes the committee has haa approved in other sections of tho the now new revenue bill it Is drafting only of the prospective treasury surplus available for tax reduction Is left for tile the commit committee teo to RP apportion in of tile the excise schedules it if all requests before tho the committee for repeal of the various excise levies were granted these changes alono alone would reduce tho the governments ern orn ments revenue by more than annually nevertheless the reduction of the automobile rates appears certain secretary mellon proposed repeal of the taxes on automobile trucks tire and access accessories orles but urged retention of the tax on automobile passenger cars committee members however seem to favor some modification at least of the latter tax and automobile manufacturers have promised to pass on to the consumers any reduction granted the committee has before it requests tor for repeal of taxes which would yield approximately the fol loving amounts amounts of revenue next year automobiles tires parts etc alcoholic beverages admissions and dues cameras and lenses photographic films and plates firearms and shells smokers articles coin operated machines ya yachts ats and motor boats mali mah hongg sets art works jewelry bowling alleys pool and billiard tables stamp taxes brokers in addition cigar manufacturers have asked for a reduction of the levy on their product the entire tobacco tax yields revenue annually the committee will consider all of these taxes together with apportioning among them the remaining to be cut from the federal tax bur burden an secretary mellon proposed that some of these levies which yield comparatively ively small returns including that on art works be abolished the admission tax was revised two years ago to relieve all admissions of 50 cents and less of the levy no definite scheme for rev revision islon ol of these rates has been proposed by members of the committee and chairman green announced that they would bo be considered on the same non partisan basis as the revisions de aided upon recently including the im income tax schedule ile he sees little hope however that the remaining points to bo be taken up in framing the tax reduction bill car can be disposed of as quickly as those already decided but he believes the progress made so tar far assures completion of the measure before thanks gin ginging ving in ample time tor for presenta tion to the house when congress con jenes december 7 |