The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-06-03

Mr.. KrLIEY GRep., Pay favored the repeal Of the
tar, which he argued was added up In the cost OF
business and charged against
TIE PEOPLE AT LApoS.
It was tax upon intellect. 1t employed large
number OF ufncialsto assess and collect II. The ex
emptions were unequal He favored the continu
ance OF taxation on malt lonors, tobacco, stamps,
Mr.. BKsTos tf,cp., N. H) argued in favor OF the
retention OF the tax The people believed II neces-
sary. II more just and equitable tax than any
Imposed in the whole catalogue OF internal ta,aion
The way TO lin the burden from the shoulders OF
The people wa. to pay Sr se hen n'ona debt =; y, soon
tion II was in no condition TO resist insult or TO
protect lie honor and It's interests.
Mr.. WMASs rep, o. offered an amendment, dis
pensing with the tax ON incomes from industry and
the exercise Of professions npd to retain 1t on In
MT MooRr Glep nf) fsvored the continuance Of
the tax with the excmption of fa,0o0 and argued
that the popular demand for relief from taxation was
Mr.. Ho1cnKIss (iep., N. w opposed the contin.
uancc OF the income tax and favored the genersl
duciion OF revenue, and return by the Government
to tie principles OF economy
Mr.. MORGAN Dem, o. offered an amendment
lcvying y tax OF i've per cent. on income derived
mortgages and other securities over the sum
OF f1oo and under $4,000 seven per cent. on
oh .S%s Ss sas S
Of his amendment.
Mr.. GARrIELD (Rep, o. offered sn amendment
removing the tax iom incomes derived rom busi.
ness and combining II to incomes
DERIVED PROM CAPITAL,
and argued in support Of that proposition.
Mr. FARNswoRTH Ctep. MI inquired whether
that excluded members Of Congress.
Mr. GARFIELD did not care whether II did or rot
It was intended TO meet the objection that the in
come tax weighed unjustly on business and pro.
He had no doubt his smendmeut 'N,eS would iesv.
about one half Of the revenue from income, and
NIT the other half 1t was sort of compromise
Mr.. WOODWARD Dem, Pn) moved as substitute
for the thirtynuh section imposing the income tax
a section providing for the withholding OF tar OF
Ave per cent on tie Interest on the bonds OF the
United States wherever neld al home or abroad
ne ne argued arg that mat w,u,d be IN apple Substitute
distion in H. because ali VIII held these bonds were
S9Sna on svery principle rssiprocl,y 70 eon,
rendered their property valua' 'r and safe.
Mr. MonsAs, In reply TO ~ >hon by Mr.. BEN
TON, SAID that the state OF HI e. paid = million
and hah internal revenue moit m all New Eng
land.
MT KELLOGG said that was not 50
Mr.. JupD eIplsned the amendu. which he had
offered. II len In the bill the taH. ion on bonds,
notes securities and all that class "i property IL
derived from trade, which he believed the trader
charged over 70 the consumer. IL LETT to be taxed
and Incorporated comranes IL struck out u that
related 10 hrm products. III the amendment were
adopted it would leave the tax to be imposed on the
Invested and realized capital OF the country and not
on the productive industry.
Mr.. BROOKS (Rep., Aass) offered an mendment
striking out the provision requiring a man to &C.
count lor the income OF minor children.
Mr.. HoAn Rep, Mass0 offered an amendment
prohibiting the publication OF income returns.
Mr.. BECK (Dem., Ky) offered an amendment re-
ducine the number OF persons TO be allowed teduc-
eight "'"' NA W
Mr. DAvra fRen MasaN moved IN red,.. n.
number 10 five
M Roors fI,.o Ark admitted that tho =. ~, of
the people should be attended TO in regard 10 ia.,
lion but he believed that the viii OF the people in
regard 10 the ipeone tar was thai N shonld not Ne
had "'''' ''N "''' ""'
rpr no,t. ON ma sosr
- .
and who when asked where he preferred to have u,
soIeb3dy else lLansn,er
MI HoIhAr Dem, IND Avcrsa the connnuanoe
OF the tar, arguing that the objection to " came
rom the rich people OF the large cities-people who
grown rieh rom the war. but ne was specially N
favor OF imposing reasonable tax on the bonds OF
the Hovernmeht' ana ne therefore oueteu an amend.
men, imposing Ak o' zen per cent on 'ne interest,"
on the bonds. ,
Mr; AhbLER onered an amendment requiring thht
leeacies and sneeesslons' When not nseet rom ths
deeedent 10 ms "he VI IAulny' hhAi! Oe accounted
for as m income.
Lou6HRIDGE, SLEvELAsp, AxTElI: ana oihers'
MT hAIELL lpen., AL rseto,teu tnnt We oouiu
Az. Az m,nutss a "A " A -
The SrKakKR remarked that there were forty
oil or gentlemen In the same position
Further amendments were oppos.d nv Messrs
Mayham Latin Durchard Townsend Eia Lynch
aud Ingersol
Mr. scMpSck closed the discussion. He said that
the Committee had proposed to reduce the Income
tax BY Increasing the exemption to 81 800, which
would be a reduction Of
~...,x s,x ,,,,ov.
'' "