The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-06-04
FIGHT ON THE INCOME TAX.
no HOPE or EsCAPB FROM THE
!, UNCoSsTITUTIOEAL IMPOST.

re Exemption 20 se FIXED at $4,000, snd
eSOO Allowed for Hsusc Reus-The Psb-
, Iicstien ef Iueeme Retsrns Prshtotteo-
J Party Liues Obiitcrsted.
w .sursoror, June SIN the House this
snornins, the Speaker announced that according 70
she ordes made yesterday, the vote would first DO
l,keu on the various amendments to the sections
~ ~ = -.
so.e should be ar-, taken on Mr.. Beck's amendment
10 tsI the interest on United States bonds bot the
Bpeaker overrued the objection.
} The arst vote was taken on the amendment odered
lby Mr.. Coz to reduce the rstsef income tax from
10 pcr cent On division, the vote was 80 TO "a.
4 The yeas snd nays we're then called, and the
hmendmen, vas agreed to-yees, III nays.T.
The following Is the vote Democrats 10 itaios):
All'so A%s fssasr HcnSs A%srSSiSs Moo. SiSs
b.%. sra Aysr' besss esSs sroot. 0ti s. Srcos
BSn,On CLARK ls Ksns Gs.scss.s sS,s fSSyS,s,. ScS,s,
De gp!a aiaos r.II sOSIr Tshs, y IMs an
%s Si%a. s$1asGn nsspsf en- % $ yssr.s: j%Sa
sssss ss'lsy KsGf @ SssSs SsSsx
zss nS.f' ssS,,y sS Ssss@s ssass MSrrS
ssis W.T. siHswssihcr stsyso'cS: Sa'' s,Sos
' w,s5g: sSSra
S%S.@aessrs x%Olst; Arne,l A.ps.. Asr,cod, s..
sy Sctss ssaSsa BSya Rs su.oSard BsTas Sase ss
&c ss.asr S'5s S%1
tssS tasGss SSnTs 81 G e.s IeS GssS
% ss aTS 'pS fsSs. fsSs sp MHaSss oss
loCs sshcneE' sheldon sl Sas,sd sp;,H !0snIo, s,oI
ssl.ad %ls SaP TSusPy s%yfP fynsr. 1T s%ts ysS
&slscc, Ward wllkinson' Willard. Williams W'''o"
REDUCING rHs BURDEN.
The next vote was on tie amendment offered by
Mr. Hale to make the exemption ~ CO., This was
en- amendment offered to one by Mr.. Uawley TO
make the exemption s2,5O0. MIR. Hsle's amendment
was 0grced to-ytas, l3s nays, b2; and the exemp'
lion was accordingly fixed At ts,0Oo.
: TIE next vote was on tho amendment offered by
Mr. Judd, To coutne the tax to invested capital. IL
vas rejectod-yeas, rs; nays, ii2.
The next vote nn the amendment offered by
Er. elnburg limiting the al owance tfor house
rent to $500 Agreed 10 by 70 TO f5.
The next vote on the amendment ofercd by
Mr. Potter, providing that the income tar shall not
continue be collected after the year 1910. Reject
iod-yeas ", nays lO6. .
! The next was the amendment offered by Mr. Wi
mana NJ substitute limiting the tax TO three por
cent on dividends and bonds OF corporations and
United States bonds. Rejected.
1he neat amendment was one offered by Mr.. Nor
gan, as n substitute imposing tax OF hye per cent
on Income. from bonds aud securities between
81 900 and 10000; OF seven Per cent. between
10000 and $4,000 and OF eight per cent. over
$4,000 Rejected.
ned, to exempt from the tar incomes derived from
business. Rejected.s
The next amendment was one offered BY Mr..
Woodward, to substitute Tor the income tar 4 Ia,
ofhve per cent on the interes, OF the United state:
bonds. Rejected.
BAD FOR iSoUIsIrIvE PsoPLH.
Tue next amendment was one offered by Mr.
Hosr prohibiting the publication Of income returns
TIE next amendment was one ofYered BY Mr.
Dawes. to treat the number OF persons 70 famiiy
In u social or ie i.ious c., immunity, holding their
properly in common, at Eve instead ofton. Agreed
Holman, imposing a tax Of ten per cent. on the In
terest and income Of United Statoe bonds, 10 be
withheld BY the treasurer OF the United States
fne next amendment was tina, offered BY Mr..
Amber, requiring legaeies and succession not di,
rect 10 the family of the dece lent to be returned
a. income. hejected-yeas, 50; nays, iW.
The next amendment was one offered by Mr..
Lous h ridge, providing that where income tar has
been ass sed for 1863 against any religious or so
oiai community as an individual, and has not been
psid, II shall be reassessed according 70 the pro
Visions Of tits act, allowing I'VE persois TO hmily
Rejected
b1he next amendment was one offered by MI
Axtell 10 apportion the tax among the states ac-
sording to population and to have It levied and col
iected by the St1te. Rejected.
The next amendment was offered By Mr.. Cleye
icssed Ss 20 the section relating to 'i'm''''n' No
The next amendment was offered by Mr.. Nayham
TO make distinction between income from Invested
capital and income from business. Rejected.
The next amendment wns one offered BY Mr.
Latin, TO add 70 the exemption Losses by Hoods
Agreed W.
The next amend dment was one offered by Mr. Bur
shard, to amend section 40 so m 10 make 1t read
turn 70 be verified by the oath OF the party rcndern,
n, and may increase the amount OF any return ane
s%oSn 20 susn Agreed To- W HA
The next amendment was one offered BY Mr.. Ria
not requiring the income return TO include the woge
Z The Dext amendment was one offered bv Mr.. Nc
Cartby To strike out a the sections relating tn,
i.cons tax. Rejectsd-Jes, 50 nays. LIS, ss fol
LOVE:
AJsn % S<ss ss"s csSods zoe: Mss
SmSs. RSma % si HeoDer Hoichsis: Jsnosss. JOS
is i;ss ksGsS SsG9tsy Ssits Ga. %ss4s .n
, MsT ssssy FsS:Ss% ,scsss, Ssss.s ss!sss os s.aI
Z: S:.ss e. S: S' "sS fs;'
A;ssgss, Ssas% BsS aSa1 Sssi'E %ssi. SSss|' Sss'
SI:Ss 1S b%,sS,5S SssS fs;,sS % SSsSS
sGS SSns, cGS9ci SS buvs 0P Dyer a,sss
sGn S5T Hss ffs f!s;Se ais a..s f
Gy 9ss ga hGss Mo"' lnEesG sa.pp 10nss s.Ss
Il, ..sa sssa.rd j .s RsSlssE
M;SssqT Ss9T 9SS SI
Packard. Packer, Paine PECK, Perce. Peters Phelps
PlSt, Pomeroy, Porter Prosser, Rios, Root., Sawyer
echehck. schoheld, shsnks, sheldon Hs( Sheldon a
-. Smith tu) Smith TENN Bmth( (Vt) .Smyth QowA
stokes Stons, stoughton, Strickland, S0esnev, Taf
Tanner, ThlmAi, Townsend. 1ynor, Vdn 4hken. Wa
lace, Ward, WashbuTn OF Mass, Wheeler, Whitmor
and WCodloaTd-iS5.
The qnest on neIt rccurred on the amendment o.
ferodby Mr.. lie 10 section ~, to include Unite
btAtes bonds among those OF corporations from
which tie tax Is TO be deducted.
Mr.. ScHKsCK (Rep, o. argued that a. section 2
required the income from United States bonds TO b
included In the income returns, tnat would be- sui
jecting IL TO double taI. II was well that M
question should be met distinctly and clearly b,
cause an answer TO II would meet another quest
that often occurred: Why was 1t that the Unite
States, with their
PROSPERITY AND RESOURCES
the weAltiiest and the most powerful nation OF II
word, could not 20 into the markets Of the wor
and obtain money at M low interest Ms any oth,
great pOwerf II WAS because questions Wel
being continually raised whether bonds OF Il
United States were to be paid In deprecated Gu
reney, or 10 the iull amount or wheiher they shou
b. scaled-whcther tue obligations OF the Cover
menI should be met accor ling 10 their tenor Al
ehectY II was because OF that doubt crested in Il
minds OF capitalists at home and abroad that thu
refused 10 lcnd 10 the Government OF the Unit
states as low as they did TO other GovernH ent
That was the whole OF H. TIE public credit Of u