Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1893-12-11
WORK IN CONGRESS
FoTtlsung This Weeks DOllss ID
Washington.
nryEsUi OF rmsr IMPORTANCE.
Three Plans are Proposed in Connro.
lion with Tariu Baturm-Nhich
ono WIN II B,l


lSrccif.l The Hawaiian question,
the Hili election blll, the Utah state.
hood bill, .ud the tariff bill Will c0ms
lci0ro ConNfr-B tho present week.
The nta till ovofshadows all tho
others here i1r ia Of paramount and
iarrcscIiug importance. All indui-
/ trial monetary interests arc deeply
concerned. Tue crucial tcs, just now
D. Go raise sufficient revenue 10 supply
the deficit The majority Of the mem.
beers probably favor Ru individual iu-
como tax, though the eastern papor
are generally opposed 10 thls.
lhn proposed Wilson Tariff bill will
frtuil IN a loss NJ revenue us compared
/ With the Mckinley tariu VI ABOUT
] t3ltut0uO allowing that tins internal
: Iuvcuue taxes shalt remain the same.
For the purpose Of providing for this
deficit there are several methods that
might be employed. One Is ~ issue
h0uds, another 20 iucrta81 tho inlorual
revenue taxes ON bplrltuous aud malt
| llguUrs anu tobacco Ia IT, various
Manufactured i1rms; a third method
u an Income tax, 1uu collateral ex-
pcdicut IL 10 reduce expenditures.
To iszue honda in time OF peace Tor
the purpose Of duiraylng the ordinary
czpcnsos VI government Ia an extra
ordinary and a somewhat danger
Gus oEprdient. Such procedure
would greatly embntraos any
political party In asking
further lulsu VI power from the people.
| The proposition q warmly advocated
/ q
encouragement 20 invest their boarded
treasures iu ordinary business enter
! pflsrs. They stand ready 10 loan tue
government at an extremely low rate
OF interest. II tho country were In
healthy financial condition their
| money would hnd more Profitable
inveslmunt IN connection with iu-
duatrial development. hut tho county
IL not IA such condition; aud rather
than rick anything In leyitim lte enter
| price these Idle boards VI money seek
O. convert themselves into government
| obligations bearing low rate OF
/ interest, not more perhaps than per
cent per nunum. While the Pfuai-
dents message sugsesis resort 10 this
method Of rvplenishing the trennury IL
viii fnI great many earnest
opponent. in tho Democratic party
aud Il is doubtiul whether "A majority
Of the party eau Ou enlisted In ito sup.
port.
As 10 the increase Of internal reve-
nus taxea on llquurs AMI tobacco, II Il
held 10 be- feasible AMI adequate for the
| purpose; but tho plan IL besei with
| diiliel.deH. II the tax Il not levied on
tho immense stocks IN the bonded
| warehouses there could not DO euiii-
] al 10
! pNigonCirH 81 the government; aud by
uxcmpiing tho stocks In tue warehouses
there wound result an enormous benefit
20 tho whisky trust. II tho stocks in
| bond be- made subject 10 an Increase Of
TAX they will DO Withdrawn before tho
| law eau loo put into operation. Tho
amount 10 bu realized from tobacco
/ would be- small a. compared with tho
| aggregate sum demanded.
something can be- accomplished Ia
the way of minimizing expenditures;
but the saving VI more than few mil
lions would work great hardship ami
| friction IA me general machinery OF
| government Tue prnsiUn list alone
| uusOfbs more than 100, 900, 1000, anIitiH
| not likely 10 grow less for several
| yeats 10 come, The civil anu military
| lists could not diminish while the
| population OF the country In constantly
increasing. Hence tho method oi re.
duciug expenditures eau only be- car
rlrd To limited extent.
In his m's-ago the President recon-.
monds a small tax on certain corporate
incomes, nnd ono per cent IL spoken OF
a. the limit on Incomes exceeding
$4,000 per year. a numUer OF the mem.
bors OF the ways and means committee
7 Nrsf "a ar NftNNUNUHnWI
tax, uul this Kind OF "A tsG 10 very
unpopular Ia the East aud Northeast;
Ia fact, any Kind Of an income
tax In unpopular IN all those
ssctlOns that support the single gold
standard and AutAgOnize silver. Tbs
South anu considerable PORTIONS OF tho
| West arc in favor OF an Individual
Income tax, but tho money oeuIors arc
dead Eut against anything Uf the kind.
IL liz said that tue President endorsed
| "A corporate income tax ia his message
! in order 10 check and fOrrHlAll
] broader movement iu that direction on
! the part OF the ways Rud means com.
mittBe.
ThuEe Is very peculiar coincidence
la the opposition 10 income tax and
! tho opposition 10 bimetuiliO standard.
| This hostility on the part OF fixed
capital ana lIO Cftulkuf classes uolh 70
silver and income taxes shows the self
lshness VI lhr monetary classes. Tho
Justice Of an income tax lies In the TACT
that II only applies 10 those who
arc In receipt OF great wealth,
aud only 20 them IN pro-
portion to the wealth that they re.
ceiye. In other words, 10 applies 10
people In proportion 10 the benefits
! they receive from government IN
securing ~ them protection for their
| property, access 10 markets aud se-
| Curity Tor all their enterprises and in
ye.tmeuls, a mans inc1mouGpressas
tue benefits he ~ receiving from gov
eminent; and in the opposition 10 an
Income tax We have tho spectacle
exhibited 0i the greatest Denehchties
OF governmental protection, maklng
the most strenuous OppU5iuOn 10 law
that a8ks very small acknowledge
meut as their hands OF benohts 70.
ceiygd. There viii be- great opposition
10 the enactment OF Income taxes, but
II Is one Of the wayH la which society
Ia seeking 10 adjust its burdens In
order to more fully equalize this gIeat
Disparity ia the distribution OF wealth,
and We may expect that such moas'
NO will Be gdOpted eventually,