Cleveland daily leader. [volume] ([Cleveland, Ohio]) 1865-1873, 1866-05-08
New Internal Revenue Amendments,
Washington Correspondents Cincinnati Gazette,
Nav g.

| New Internal Revenue Amendments.
| Washington Correspondence Cincinnati Gazette,
May 6.
The Committee Of Ways and Means
have done so much work on the tax bill
| within ths last week that the measure
they will lay before the House tomorrow
| morning for its consideration, under the
special order made ten days ago, may al
most be called new bill They were en-
gagged upon it all day yesterday, and the
manuscript copy is not even yet all ready
for the printer. The changes are mainly
those of addition, and in the administra-
tive parts of the measurc they are there
so numerous that the new bill will con-
tain not less than twenty printed pages
more than the old one. Considerable ad-
ditions have been made to the free list,
though with one or two exceptions they
sre.not Of paramount Importance. These
additions are as follows: Crude soda, al
umniate of soda, yeast powders, cobalt,
manganere productions of electrotypers'
paper, stainers' colors, horse rakes, flavor
ing extracts for family use, yarn used for
braiding purposes, paintings, statues and
works of art Hoof skirts, wire, railroad
L
most important article in this list is of
course railroad iron. The present duty is
$3.50 per ton, and the revenue receipts
for the last year from this source were
S2sb,e0o. A change has been made in
the duties on sugar and the rates now are
as follows: On sugar not above No. l2,
Dutch standard, lc per pound; above No.
IL and not above No Is, 15c per pound,
snd above No. IS, &c per pound. A
change has also been made in the duty on
smoking tobacco and there is now but
one grade and one rate, viz; On smoking
tobacco Of all kinds, including that made
of stems or in part of stems and all imita-
tons thereof zoe per pound. A new
clause levies tax Of 3 per cent. sdvalo-
rem on threshing machines. Another
new clause continues the present tax of
So, according to value, on gold watches
The tax on the gross receipts of Express
Companies remains finally as in the exist
ing law, viz: 3 per cent. The clause
with respect to savings banks, as it new
stands, e1empts from tax so much of their
deposits as they have in Government
securities, and all deposits less than five
hundred dollars made in the name of any
one person. The clause levying tax on
brokers sales Of merchandise, produce
and other goods, is stricken out, and the
tax upon their sales of stocks, bonds, coin,
foreign exchange, &c, is reduced to one
cent for every hundred dollars. The re-
ceipts last year from the duty on brokers
sales of merchandise, &c, was nearly six
hundred thousand dollars. It is believed
that there are herein specified all the
changes made in the rates of duty since
the bill was originally reported ten days
ago, but it is net impossible that others
may be decided upon before it is laid be,
fore the House tomorrow. The chairman
Of the Ways and Means Committee, the
Commissioner Of Internal Revenue, and
Chairman of the Revenue Commission,
have spent much time in endeavoring to
arrive at a conclusion as to the aggregate
reduction in the burden of taxation which
will be made If the bill is passed as IT
comes from the hands Of the Committee.
The difficulties connected with the sub
ject are sc great and multiform, that they
have been able to only approximate this
reduction. It is believed that the change
i in the tax on incomes will make rednc-
ton Of $40, ,o00, ,00e; that on general man.
| afactures of about $l2, 2,o00, 600; that on
clothing, boots and shoes, of not less than
$l0,oo0,o00 thst on brokers' sales of
nearly 50, SOC, 900; that on tobacco and
cigars of 100000; that on sugar and
molasses, and the receipts of sugar of
$500, 900, at least that on soaps, $500, ,o0p !;
that on salt of $500, 900; that on iron Of
all kinds of over 81, 600, 200; that on
crude petroleum, Of about $l,oO0, 600;
that on gross receipts, Of nearly So, ,O00, 900,
and that On all other articles Of something
like $40, ,0o0, 600 thus making an aggre-
| cato reduction in the burden of taxation
Of between $7o, .ooo and $4,000 900. g