Show BACKS MELON MELLON SCHEME would regard republican sue suc i i cess in november as man t J date to repeal pres prea ent law I 1 WOULD FAVOR RES president still wants deduc t tion of surtaxes Sur taxes on birr big in comes and opposes er tat 0 taxes and publicity of returns j washington D C republican success at the polls on november 4 would be regarded by president ent cool idge as a mandate to substitute the mellon plan ot of taxation tor for the I 1 present democratic law still and thus de dc small taxpayers of 0 the generous reduction in taxes they now enjoy arid and instead give most ot 0 f the benella benc lits to the millionaires and millionaires billionaires billion aires air mr coolidge and his secretary of the treasury havo have frankly favored la in the past partisan republican newspapers news evidently speaking with inspiration irom from the white house have repeatedly published the statement that mr Coolid gea election and republican control ot of congress will be the signal tor for a revision ot of the new democratic tax law and the enactment in ito iti stead ot of the mellon scheme the presidents own language la in his statement accompanying his approval ot of the garner simmons democratic bill is taken to justify the prediction made by republican newspapers mr coolidge declared his bis opposition to the surtax rates running to tc 40 per cent to the estate tax ot of 40 per cent and to publicity tor for income tax returns among other provisions provision ot of the bill and asserted that the measure did not represent a sound and permanent tax policy in all the objections object iona he raised against the now new law mr coolidge explained secretary mellon concurred with him harveys paper hints plan the washington post whose edl edi tor in chief is george B D harvey li regarded as the most knowing spokes man white house on politics subjects this paper on jule jue 4 1 I t tac wc days after president coolidge deluc bantly signed the now bill published publish ec a news article in which appeared following paragraph the statement sent to congress congles Con gres by mr coolidge Is accepted as a dec caration ration lar la atlon by the president ot of an elec tion issue and ln in this regard it is ii considered likely that it if a republican congress Is elected and mr coolidge is returned to tho the white house he will call a special ses desalon se salon ot of the now Conz congress ress after next march 4 what president coolidge and secre tary mellon demanded of congress was a reduction of the surtaxes sur taxes on the incomes of millionaires from rom a maximum of 50 60 per cent to a maximum of only 25 per cent thus cutting the taxes of those with incomes of and more by many thousands a year at the expense of the smaller taxpayers this Is shown by the tact fact that the tha mellon plan it if adopted as its author and mr coolidge urged would have benefited beneO ted income taxpayers more than the democratic bill while the latter has actually brought substantial relief to persons more thin than the mellon scheme would have benell benefited ted scheme president Preil dent favors favor tho the reduction of 50 per cent in the surtaxes sur taxes on an income of advocated by president coolidge and secretary mellon would have meant a saying saving of to that lone taxpayer at the same time had their plan been adopted the saying caving to 1666 taxpayers with an average in come of a year each I 1 1 ing would have beon been only baj 2 the mellon scheme with which the president wants congro congress t to replace the present Domo democratic cratic law would have saved more money to a taxpayer with an income of a year and there are upwards of a thousand in this class than it would aou have saved to 60 taxpayers whose ln in cornea comes averaged each small taxpayers who are now g get 0 t i ung the benefit of tax reductions reduction given to them by the democrats of 0 congress nave bay a special interest in dei de boating Prest president dent coolidge and 1 lican senators and representatives all at thi the election in november the power i tul ful interests which have bavo been attempt 1 ins ing to force the mellon plan on thi the people will succeed it if mr coolidge and a republican majority in the senate and the house aro are chosen it was only the democrats with assistance from I 1 certain western progressives Progress ives that vented tented the enactment of the mellor mellon scheme in the recent session of con cons gress gresa j these millionaires and millionaires billionaires billion aires I 1 for whom president coolidge arid and see leoj rotary mellon have fought so hard fiat lal the last fourie fourteen en mouth months could well 5 1 afford to spend millions to control the th elections in november the bayink they could thus obtain through the ro re of their norms normal and sur surtaxes surta taxes zei at the expense of thouis thousand aads of swall callei elt taxpayers would make their eions to republican success a fine la ID Teat mAnt 1 fi i i rn r n r ii 1 1 j |