Ogden Standard-Examiner | 1924-05-20 | Page 1 | Bonus Sounds Death Knell of Tax Bill

I BONUS SOUNDS I DEATH KNELL OF TAX BILL BILLI I I Coolidge Veto of Revenue I Measure Capital Forecast at WASHINGTON May 20 Veto ot of the ho revenue bill now pending In III conference was forecast at the th capi- capi capitol tol tol today In lew le leof Ie of previous pre hull indi indication cation by administration Spokes Spokes- Spokesmen men men that enActment of ot the bonus bill passed 1 iC t would would sits tt disapproval of the tn tax re luc tion measure by President Coolidge It was tras recalled that Mellon in announcing his bis tax 1 Ic- Ic le e- e plan declared the cut would be impossible It If the bonus was as sas allo allowed cd President Cool Cool- CoolIdge Coolidge Cool I Idge In his veto message on the th I bonus stressed particularly p the of- of ef effect feet of ot the bill on government eLOI- eLOI om etor-om em IL T roan NEAR of oC tho the bonus bill by congress 0 o ci 01 the veto It Is be he- he ha lIo Cd also may in y have havo some effect on the tho action of ot tho the They complete today the tho th first week o of work worl on the bill and csere ere made that an early agre agree agreement meet ment would be forthcoming House Democrats are ar e expected to gIve support to the senate e rate schedule advanced bi b 3 tor na- na naton ton tor Simmons North Carolina rank rank- ranking ranking ing Democrat on the th finance com corn committee as against the Longworth Lout compromise approved by the th Souse There Is little difference d between the th t two 0 schedules tho Simmons plan calling for tor a maximum Sun Sun- aurta Sunta sur surtax ta tax rate of 40 per cent Instead ot of the 37 per cent rate rat In the tho tb Long Longworth worth scheme achem DEFICIT SEEN SIEN Senate Senat Republicans in arguing against the bill bin as finally by that chamber declared It woul bring about a deficit o of mote mo o than during the tl- tl fis fiscal ea cal I year This did not take talce Inlo account the bonus bill which It hn been estimated ill Ili entail an expense next Yla year of ot 1