Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1866-02-08
RUTLAND HERALD.
TyRsDAY, FEBRUARY, lacs.
The Internal Revenue ,yssesss.


session, to investigate the subject OF
taxation, with view to simplifying
and perfectlng an Internal Revenue sys-
TEN, has made a voluminous and very
important report. The Commission con-
sisted of David A. Wells of New York
Stephen Colwell Of Pennsylvania and
Samuel s, Hayes OF Illinois, with r. b.
Elliott of Massachusetts as Secretary,
who have been constantly at work since
June last in the discharge Of their du-
ties. The recommendations of the Com
mission are in the main approved by
the Secretary of the Treasury, and the
report was referred by the House to its
Committee of Ways and Means.
There is no earthly subject in which
our people generally have at the present
time a greater or more immediate inter-
est than that whereof this report treats
and we therefore devote as much Of our
limit d space as possible to an abstract
of its statements and recommendations.
DUPLIC ALTON OF TAKES ON NAEUFAc-
TUREs.
AGtel speaking Of the imperfect man
ner in which the official statistics Of i'm
portatil ms and expectations have here
tofore Deen compiled and their conse-
quent w ant of reliability as a basis for
future ca lculations, the report proceeds
with the statement that the repctitions
or combiL atoms of internal taxes, under
the presen law, sum up on certain ar
ticles, sue b as books, pamphlets, UNI
brellas, etc =, to more than the tariff on
the foreign product, the result being in
the case of umbrellas, a discrimination
of 40 per ce ut. in favor Of the foreign
made article In the case Of books, it
Is stated as IN instance and result of
this discrimh nation that Webster's Spell
ing Book is D ow being printed in Lon
don in large numbers for the use of
American sch, Ools.
To remedy the evils resulting from
excessive dupli cation of taxes under the
Internal Reven ue system, the Commits
sion do not rec, ommend higher tariff,
but q general redm ttosa or abolition Of all d.
reel taSes whtch te, I'd TO check the deVelopmest
Of err manufactu ring Interests, aohae all
those are retained x htch like the income tas,
'taH ehietb upon rea itred sceaEsh."
THE TARIFF.
No important changes are recon-
mended in the taril T. From the present
rates Of duties it is shown that one hun
dred and thirty mill ons of dollars year
ly revenue may be eriVed. Since the
war closed, the incr, 'ased consumption
of tea, coffee and su gar, for instance,
will alone bring in a revenue Of twenty
millions for the presen t fiscal year over
the last.
PROPOSED CHI ASGEs.
Among the changes proposed by the
Commission, are the foil owing:
/. An exemption of al incomes below
81 900 from the Income ak.
2. A reduction of the ak on Distilled
Liquors from s. to 81 per gallon.
3. A remission of all ia xes now lev
led on Wearing Apparel.
4. A repeal of the taxes now levied ON
Pig Iron e 40 per TOM CO. ii ksix cents
per ton, and Crude Petrol, 9um wi per
gallon,)
s. A repeal of all taxes no " levied on
Books, Magazines and Pamp. hlets leav-
ing the present taxes on pap er, leather,
&C, untouched.
e. 6. A reduction by one half d the du-
ties now levied on home man ufactures
generally.
7. A repeal Of all taxes now | evied on
repairs Of engines, cars, carriage s, ships,
&c.
8. A repeal of all taxes emboc lied in
schedule A. Of the Internal R. 9Venue
Act of last session, except those N Bill
lizard Tables.
8. A reduction Of the tax now evied
on brokers sales of stocks from 81 per-
ID 900 to 81 per 1000. -
10. An increase Of the tax on raw cot ,
ton from 2 to cents per pound. j..
1t is estimated that the proposed ak
on r&w cotton would yield revenue Of
forty millions for the next year, and A. p.
tymllions thereafter yearly. -#
In the matter of taxation of incomes,
it is recommended that no deductions be
made for house rent, such deductions .
having in many cases been unreason-
able and excessive, 1esseniug the revenue |
in New York city alone two millions OF |
dollars. Some other changes are also |
recommended, such as the equalization |
of The taxes on che gross receipts of |
railroad, telegraph and express compa-
MES at five per cent, and the equalza-
ton Of taxes on the dividends of ex-
press, manufacturing and other compa-
MES with those of banks and railroads. |
GOVERNMENT RECEIPTS AID ExPEEDTTUREs |
Without including the taxes On gen
eral maaufactures, the Investigations |
and recommendations OF the COrHmis- /
sion Justify the following estimated re-
ceipts for revenue Of the fiscal year end
ing June so, 1867:
From customs, $12o,0o0,Ooo |