Evening Republican, Volume 23, Number 119, Rensselaer, Jasper County, 17 May 1920 — SOLDIER RELIEF LEGISLATION IS IN GOOD SHAPE [ARTICLE]

SOLDIER RELIEF LEGISLATION IS IN GOOD SHAPE

[Washington, lfap t Taxation on stock dividend* •VM virtually agreed on today by a majority of the republican —ambers of the house ways and means committee as a new plan fpr ratting parts es the money to pey the cost of proposed soldier relief legislation. Final action is expected to he taken tomorrow, committeemen said. Republican committeemen wane said to have-Aeon unable .today to agree on the amount of the tax or whether it should be retroactive and if so, for what period of time. Strong opposition to the, stock dividends tax developed, among the republicans. Chairman. FVPrdncy being .said it* have ‘led the- attack on the proposal. Supporters es the plan, however, said that it* fins* Adoption l was assured ami that dem-, ocratic committees who were not at the meeting had promised to support the new scheme. While various rates and dates for the tax were placed before the committee, the concensus ad’spfaden was said to be that the tax should he a levy of five per cent of the value of the stock dividends. Some committeemen were said to favor making the levy retroactive to that date .of the supreme, court, decision holding the old income tax -on such dividends . unconstitutional, while others favored going hack for a in the soldier relief bill also were agreed upon finally by the. republicans, who expect to end. their .drafting of .the meastire. Among them, was that specifying that cash bonus payments should be 150 quarterly, with the, mask mum bonus to any one being dfcted at SSOO, with the corresponding yak ue of the options of the cash bonus being limited to $626. .Another provided that Yeomen (f) women navy clerks, who served abroad during the war would receive the of-the bill. / Two hundred women, it was estimated, would be affected. Opposition to the cash bonus continued to be expressed by a minority jof- the. republican committeemen who said that With the democrat*# holding, similar views they might ‘be able to block the bill in committee. Supporters of this provision, however, asserted that the jty&. wpuU vhe «aported. t* .the house next Wednesday following Tuesday's meeting .here of the executive committee 4>f the American Legion. Advocates of, the legislation, plannedoto force consideration of the Dill m the