Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1893-11-23
Plan TO FILL THE TREASURY.
How the Administration Proposes to Make
an Opening for Free Trace.


u.su,,cro~ D. c.. Nov. 1S.-rhe in
come tax is to be favorably recommend
ed 70 the committee on ways ana heais
nv the subcommittee having the matter
in charge. This has at last been den-
nitely decided, and the sub-conhl.'ee
on internal revenue will make sucn =; a
renort at the first meeting or the luh
Democratic membership, Which Is en-
nected to take place to-day. The stage
has been at last reached, and Ii IS 1T$anhly
Conceded where the whole policy. OF
the committee depends on the question
Of the income tax. If the plan ior an
income tax which has been SO strongly
urged by Messrs. Bryan, IarsneE ana
Whiting in the committee, ana q nun nun
Der of Democratic congressman III pun
lie, shall prevail, the committee VIII
have 10 further difficulty III making 9
such radical reductions OF the tarlh
as will iully satisfy the nanonal len len
ocratic platform. So lar the great
difficulty OF the committee has
been to reduce the tariff without Great
inc deficit in the treasury, ana TINS
embarrassing condition has all along
been the chief hope Of the income tax
men. The protests that have come up
from every industry as the, conten-
plated tariff reductions have been an
nounced. and the open threats OF the
Southern Democrats who have iodg ed
such vigorous objections to removing
the bounty on sugar and addlng coal I,
iron ore and rice to the free list, nave
finally caused the income tax theory TO
be given that serious consideration thaC
indicates it's final adoption.
The plan will come to the committee
~ ONO
of the Democratic members OF the sub
committee having it in charge; and 1t
is stated that the theory is commended
by every Democratic member OF the
main committee except Mr.. Cochran,
of New York, and possibly Chairman
Wilson. Those favorable to the pro-
reported to be Messrs McMillin,
Turner, Montgomery, Whiting, Stevens,
BRYAN, Breckenridge, Bynum and
Tarsney. These gentlemen constitute
the majority of full committee and
could, of course, carry their plan with
out the aid Of their two Democratic
brethren, but it is expe cted that the
Democrats will act unanimously IN
whatever policy may be finally adopted.
Congressman Cochran, who comes from
Mr.. Cleveland's own state, is under
stood to be prepared to make vigorous
fight against the adoption Of the policy
by the main committee.
The plan to be recommended by the
subcommittee leaves most of the de-
tails to be settled after the final APP
proval of the policy. 1t is contem-
plated, however, that no man shall be
subject to an income tax who does not
have an annual income Of more than
$1,000; however, it is suggested that the
tax shall be 2 per cent. on the excess up
to $2O, 900. The excess over $20,0 900 per
annum up to $4,000 shall be taxed
at per cent. and all excess Of revenue
over 1000 per annum shall pay a 10
per cent. tax to the government. In its
essential features this system is prac-
tically the same as the one in vogue dur
ing and after the close of the war and
which proved SO etticacious in raising
the revenues necessary to meet the
enormous obligations of the government
at that time.