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Show Looking at Washington TAX lUl. I. ASSAM 11) kill 1 itA,ii:it-i.i:MKi: mix n A to cu r cm;v HOKAIl ON MONOPOLY U1S t'Ol'KSK UNCMUTAIN lOl'l'l-AllON ICS 1 HMATIi WINS SOME SICNATOKS WHAT THE STATES OWE (Ity llus'i Sims, Special Washing. Iim C01 rc.iixiiulcut) U:it week tho Administration Tax 1)111 ran Into dililcullies bciore iikj fcx'iuue Finance) Cumin tteo, vvlikli was reporieu lvopeles.-Jy Ui-viiix-d and conskleili' tur-a-aoli-l iiif niitnilucauoiks of tlie nieuaiue. o.numfia develuved In fuvor of a oiMulcning of the Income tax bu.-;e and decreased levies. AiMlier ob-slacK- was tlie fear of some aeiia-wus aeiia-wus Uiat the b 11 would KUibl.i ooi-pimte organizations where tliey now stand. Ending u jmbllc hearing, hear-ing, the O. nunitt e pondered over Uie virtually unanimous opixwitlon exiwessed by tax experts und bu.sl-ne-e nu 11, many of wIkiu voiced the belief tluu the nwa-s-ure would prevent small busluc.s from graw-ng graw-ng into big biislintKes tlirough the use of distributed profiu. Tlie President submitted to Congress Con-gress on March 3rd lids demand fcr new taxes to take the place of 1 he processing taxes and to provide pro-vide fluids to pay the bonus. As the House Ways and Means Committer Com-mitter proceeded with Its hctiriirs, the protest of business became strorurer. although the House finally fin-ally passed tl- bill by a large vote. Tnk ng up the measure, tlie Senate Finance Committer conducted con-ducted its hearings, with many of the s-vne witnesses arp Tiring before be-fore it. Newspaper observers re-ixrt-d that there seemed to be little eflect but gradually tlie culm-inatlve culm-inatlve weight made an Impression Impres-sion upin Senators. Somo sought substitute plans, and Senator Couzeiie. Independent Republ can who originally favored tlie measure, publicly withdrew his mpport. During the hearing, the bill was pronounced uncertain, complex com-plex and hazardous to business; the Treasury's estimates were disputed, dis-puted, and George O. May, Internationally Inter-nationally known accountant and a special advisor to the Treasury during dur-ing the War, : nested that the taxes were not needed and that with continued improvement in business the present rates wxwld bring in revenu? sumcler to meet the needs of tlie Government. Secretary or tlv? Treasury Mor-genthau Mor-genthau reported to the Senate, in answer to inquiry, how the propose pro-pose tax on dividends would have affected the 600 corporations wh ch made more than a million dollars in 1934. Assuming that they fol-li-wed their dividend policy 138 wculd have paid nothing and 145 others wruld have had their taxes reduced by 50 per cent. However, Treasury experts asserted that an qual number of corporations would have had to pay taxes. Following he swing of sent nv-mt Senators worked on substitute prop-sals, having been advised that the Pres-;dent Pres-;dent will net eppes? modification. Party llr.es dissolved in the House when friends and foes of the Frazier-D?mke farm bill fought out the battle on the floor. After f ve years its supporters, by a mirprlsing vote, discharged the '-ommlttee considering It and forced forc-ed a vote. This brourht about an -ve-whelming ballot against the inflationary measure, the count being 235 to 142 to kill it. Backers nf the measure va nly sought, by amendments, to attract support a.- the h"ur of decision! arrived to -now them under. Following the Administration's surcess In putting down the H-use bloc, which sought to ear-mark orae of the $1.500 000,000 relief fund for the PWA, Secretary Ickes asked PWA executives to submit a 'i-t of one-fourth of th?ir employes employ-es who could be dropped. The P'-esident's adamant stands aga'nst diverting funds from the Hopkins WPA program was responsible foi both actions. Official cycles ha led the Ickes order as an Indication that government expenditures will reduced as the natirn climbs out of the depress'on. The reduction reduc-tion in PWA personnel is a step toward liquidation of the organization organiza-tion that allotted more than $4.-000,000.000 $4.-000,000.000 to construction work In an effort to "prime the pump" for private industry. As the Republican Convention dnaws nearer, thre seems to be less prospect cf a sat'sfactcry work-in? work-in? agreement with Senator Borah. His Illinois campaign manager charges that "Borah was defrauded" defraud-ed" In the Illinois primary, but absolved Colonel Frank Knox of knowledge of the matter. Abut th? fame time, the Idahoan In a speech at Cleveland was assailing the "Republican organ'za-tion" organ'za-tion" and the men whi are "making "mak-ing every effort to seize control of the Cleveland convention" as festering fes-tering monopolistic systems which bring a "scanty, measrer living for the vast majority and a small "n-calculable "n-calculable wealth for the few." P'lntedly, he named; the oil companies, com-panies, the utility magnates, the (continued on last page) looking at Washington (continued from first page) DuPonls, the Browns of Ohio, the Edges of New Jersey, and the Hllles of No.w York. The Senator answered oritlca who snld. ho was "oik tp rnnkja trpuWjav hj' 0fi:iPrUn?, "I tifluld llkfi to sea my own Part? wlr,v but predicting defeat If the convention was controlled by the loaders he denounced. Mr. Borah Insists that we drive out monopoly and price fixing (governmental regimentation), or the "free American citizens who made this country and, without whem th s Republic ocinnot exist, will disappear." Asserting that under past leadership the Republican Repub-lican Party '-forfeited the confidence confi-dence of the average man and woman," ho insised that he was opposed to their policies and significantly sig-nificantly remarked: "I confess my I mitations and I shall not be able to do all I should like to do." It is noted that S?nator Borah declined to be a delegate fronu Idaho to the national convention in order to b? free to decide hia course after the platform is framed fram-ed and the nominee named. He will be at Cleveland, hrwevor, and get plenty of attention. In fact, the Lancion leaders, confident of the nomination of the'r candidate, hava already attempted to secure his services in framing tentative plarks and are anxious for him to participate in the campaign, feeling feel-ing that without h's supocrt, the Republican cause will suffer and winning the Progressive West will be more difficult. The social security legislation will require seme 11,765 employees n 1937, according to officials. Already Al-ready the Bureau of Old Age Benefits, Ben-efits, which will supervise the system sys-tem of compulsory contributory pensions and collect from employer em-ployer and employees next year, is plai ning to register 26,000,000 wage earn ; s and 3,500.000 employers. Bee iue of an estimated turnover of r. millior: wage earners a month, it is nec.-ssary that the registra-t registra-t on be completed by January 1st in order that the irachinery may work smcothly. Claims are exec-tod exec-tod to crme in immediately from the 28 States which pay old age pension, ranking from $3.50 a month in Mississippi to $30 a month in Utah. In add tlort, 10 states have authorized grants for aid to dependent childr?n in sums varying from $3.50 in Alabama to $15 in Indiana. Other states are expected to set up satisfactory plans before the year ends. On July 1, 1935. the population of the United States was 127,521.000 accordirj? to a census bureau estimate. esti-mate. This compares w th 122.-755,046 122.-755,046 cn April 1, 1930, when the last actual count was taken. William Wil-liam L. Austin, director, says that the shift of population from the East to the West hiis slowed dewn or decreaM'd and that there have been relatively small increases In most of the States south of the Ohio and ca.st of the Mt.ssl.ipp'. An increase in urban population, attributed to distressed farm conditions con-ditions and the droughts, is noted. Of course, as Mr. Aastln points out. the figures are merely est mates and may be subject to error. That the Roosevelt Administration Administra-tion is making some progress In llmng up the Prcyressive Senate i;Tcup. Is nparent. Senatr.rs Johnson, John-son, La Follette. and Morris arc on record in iavr of the re-election of the President and have the tac t support of the LVmocrnt.i In th -lr States. The latest rrport-rd rrport-rd move Involves Senator Couzens cf Mirhlgnn. who. it Is thought, faces formidable opp'ultlon as a Republican. The Idea seems to be that the Michigan Senator, who 'has lt determined uixjti h 8 course, mav be Kiwn the Democratic Demo-cratic nomination along with that of an Independent Republican parly. par-ly. Senator Couzens has born politically po-litically Independent since he to k the place of Truman H. Ne.lx-rrv but has bern a supjxjrter of most of the Administration's pollc'es. The States and their jxilltlral ;ulxlivl:.lons now owe the Federal Government r.-methlw mere than $1,000,000,000. The I'WA has lonn rd or cbl lira ted Itself to advance $594,450,052. The RFC hns on Its bfxjks Joans for relief total'ni; $299,984,999 and In addition $173,-137.055 $173,-137.055 advanced for sell -lkiuida-t.lng projects. The State of New York has bnrrowpd from PWA nbout $136.000 000. Illinois Is next .with $57,000,000, and Texas Is third with $44,000,000. Frcm the RFC for relief 'Illinois hns received the larrest amount, $55,000,000. Pennsylvania Penn-sylvania Is next with $34,000,000 nrrd New York third with $20,000,000 From the RFC for self-llfUljit Ini: pTolects Ciillfonila has borrowed $09,000,000, New York Is second with $15,000,000, nnd Lniilslann thrd with $14,000,000. |
