![]() Schedule is mentioned as the third of these, the Committee saying "(3) The intermediate surtax brackets are readjusted so as to remove the outstanding Seven mainįeatures of the bill as drawn by the Finance Committee are enumerated and the change in the surtax As a matter of fact the scalingĭown of the surtax rates is made a distinct feature Zones under discussion with great earnestness andĬonvincing force. The Senate Finance Committee pleads the cause of the tax payers in the Paid no heed to these sound and sensible suggestions of the Secretary and made no change whatever The House of Representatives in its draft of the new revenue measure ![]() Share in the reductions made-have indeed been unfairly discriminated against. Theīasis for the recommendation has been that the taxpayers in those zones have failed in previous reductions in the surtax rates to receive their proper It will be recalled that Secretary Mellon has repeatedly urged lowering the surtax rates in whatĪre called the intermediate brackets or zones, involving incomes moderately large in size, as distinctįrom incomes of greater size or of huge extent. Maladroit change since it has passed virtually unnoticed and the Senate has shown a disposition to accept the new surtax schedule just as proposed by theįinance Committee including the blemish referred The more occasion for directing attention to this It actually increases the surtax rates at that end-something Its good work by making a change at one end of the Of the changes in these surtax rates no fault is toīe found. Revision of the surtax schedule of rates, graduatedĪccording to the size of the income. One of the changes we have in mind concerns the Surprise and which cannot be justified on rational Representatives last December that are a decided Proposed in the bill as it came from the House of Nevertheless, there areĬertain anomalies in the report and in the changes While granting him the largest measure of tax reduction possible and yet preserving a proper equilibriumīetween Government revenues and CongressionalĪppropriations, for a budget deficit is above everything else to be avoided. On the other hand to deal justly with the taxpayer Hand to protect the interests of the Government and Reads it from beginning to end can fail to be impressed with the infinite pains taken on the one The report of the Committee is an able document and no one who carefully Senate has the present week been acting on the tax revision measure as presented by itsįinance Committee, and has on the whole shownĪ disposition to accept the work of the FinanceĬommittee, though nevertheless, overruling it on Senate Tax Revision-Increasing the Surtax Treas., William Dana Seibert See., Herbert D.Seibert. Published every Saturday morning by WILLIAM B. ![]() 0.įront, Pine and Depeyster Streets, New York Gray, Western Representative.Ģ08 South La Salle Street, Telephone State 0613. Year, and for the whole five combined it is $20 per year.ĬHICAGO Orrzcs-In charge of Fred. For any three combined the subscription price is $12 per For the Bank and Quotation Record the subscription price is $600 per year for all the others is The following publications are also issued. Remittances for European subscriptions and advertisements must be made NOTICE.-On account of the fluctuations In the rates of exchange. Within Continental United States except Alaska The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
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