OCR Text |
Show BANH CHECKS TAX OPPOSED SY COMMITTEE Motorists to Pay Share of Bonus in Gasoline and License Fees I WASHINGTON. Feb. 10. Beaching in final agreement on tho soldiers' ' bonus tax program, a house ways and I means subcommittee decided today against a tax on bank checks. The program was not made public, but It was stated authoritatively that w ith j the exception of the hank check tax lit was "substantially the same' as that (given out last evening. A tax of I 1-2 per cent on the nn t dlvfdad profits of corporations as a part of the soldiers' bonus revenue program was agreed upon today by a house ways and means subcommittee A slight Increase in parcels post r ite i to yield a total of $20,000 ooo a year also was understood to have been agreed upon. The financing of possible soldiers bonu.H tax virtually was narrowed Thursday to eight sources by the subcommittee sub-committee of the Republican members ' of the house ways and means com-I com-I mltte. dealing with Ihe tax problems. These sources were stated as follows. fol-lows. a gasoline consumption tax of pos-, pos-, slbly one cent a gallon. A license tax on automobiles of ; about -'5 cents per horsepower; A stamp tax on bank cheeks at ' about one cent for each check; A tax on real estate transfers at tho rate of about five cents on each $10 I Involved , Increased taxes on admissions I where the sum paid exceeds 25 cents, j t igurets tobacco and documentary . stamps. Members of the subcommittee flg-Lured flg-Lured that on the basis of estimates j furnished by treasury experts the ' 1850,000,000 yearly needed for throe i years for the cash payments could bo, ! obtained from the eight .sources out- lined. Exact rates In each coso remain re-main to be fixed, but the subcommittee subcommit-tee expects to have the program com- I pleted by Saturday. It then will be passed upon by the majority members of tho ways and means committee and under present plans will be submitted submit-ted In turn to Republican menfbers of the senate finance committee and President I lardlna oo |