Show MELLON WOULD SANDBAG BONUS MELLONS ACTIONS DOES NOT HARMONIZE WITH THAT OF SENATOR COPELAND new york senator sees no relation ship chip between soldiers compensation pensa tion and tax reduction washington charging that secretary mellon had attempted to sand band bag tile the bonus using a formidable weapon the pocketbook of the nauna nation senator copeland democrat new york told the senate he did not consider tax reduction and tile soldiers bonus so related that one must die it if the tha other lived pointing out that the treasury secretary had said that in the tha long iong run the surtax reduction which lie he had promised would bring art an estimated increase in revenue of senator copeland proposed that this be used as the basis tor for the payment of the bonus declaring in favor of 0 all cash payments to the service men nt at the rate of 0 for each day ot of son sen ice senator copeland said the total ot of 1 could be retired in sixty years with a payment ot of yearly in interest and in principal should the additional revenue sir mr mellon has promised not be realized the senator said the surtax would be restored because the bonus must he be paid the real purpose ot of the IN mellon fellon plan of course is to reduce the sur bur taxes on the rich senator copeland declared and the taxes are cut in half BO 50 to 25 per cent the rest ot of us its as usual under a republican administration get only the he crumbs and so insistent is sir mr mellon shellon on tile the big mt cut in surtaxes sur taxes that he refuses to take anything less refuses to compromise at 35 per cent threatening to his bill it if the compromise is urged great business men with whom I 1 have discussed elie matter in now york reluctantly admitting that the bonus must be paid have begged me to get it out of 0 the way in one lump with tills this in mind I 1 shall present in due time a bonus bill providing tor for immediate cash payments such as I 1 have outlined senator copeland declared that it if a bonus were paid in cash he would be unalterably opposed when it came to providing the funds to the issuing of tax exempt bonds ire he declared it was time the federal government gave the country an example of the proper methods of financing public projects |