The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1894-01-10
Ajax ON INCOMES.
Final Action of the Ways and Means Com.
mittee.

Final Action of the Ways and Means Com
mittee.
WASHINGTON, Jan. "a 2 per cent.
tax on incomes above $4,000; an ad-
ditional tax of 10 cents gallon on
.whiSkey; and tax of 2 cents pack on
playing cards, was the decision reached
by the Democratic members of the ways
and means committee today. This con-
clusion was not uneA pacted inasmuch
as the committee have been known for
some tine TO be evenly divided on the
proposition to tax incomes, with Turn
er or Georgia, occupying the only posi-
ton of doubt.
The committee met at the Treasury
Department this afternoon at 4 o'clock
determined to settle the question of
an income tax before adjournment. 1t
was represented by such of the gen.
tleman as favored the proposition, that
general income tax would yield the
government an annual revenue of $780,
100000; that making the exemptions
include those incomes less than $4,000
would limit it to class amply able to
afford it, and that in view Of the large
deficit that will be caused by the re-
duction in customs duties there was no
alternative but to adopt it. Some OF
the gentlemen who opposed the tax
argued at length that the political et-
feet would be fatal to the Democratic
party, and that it would be better to
limit the tax to corporations only and
raise the additional revenue necessary
from other sources. Mr.. Cochran of
New York, insisted that an income tax
ought to be laid upon all incomes
whether large or small, and that any
other course was unWiSe and undemo-
cratic in that it did not fall on all
alike.
When Chairman Wilson put the pro-
position to vote, six of the eleven re-
presentatiYes present voted aye. These
were McMillin, Rynum, TarsneY, Whit
ing, Bryan and Turner, and it was car
ried. The tax applies to the net earn
ings of corporations as well as to priv
ate incomes. It does not, however,
apply to inheritances, although that
suggestion was one Of the earliest ad-
yanced when the matter first came up
for consideration in the committee a
month ago. The additional tax of ten
cents a gallon on Whiskey includes
Whiskey now in bond. With view to
make the tax fall as lightly as possible
upon the o 8ners of this whiSkey. it was
decided to extend the bonded period tc
eight years. It is now three years. Ii
was decided that the allowance for out,
ape'' shall be limited to six years. The
term "outage" is technically used to ex
press the liquor that is lost by eVapo'
ration and other causes after its manu-
facture.
The large revenue arising from the
income tax caused the committee to re
cede from a tax o. six cents pack or
PLAYING cards and reduce it to two cents
The more especially as it was felt tina
the maximum tax would prove an EN-
barrassment to the manufacturers
The tax of 81 80 per thousand on cigar
cites, upon which the commistes
agreed several weeks ago, was allowed
to stand.
Mr.. Wilson, the chairman Of tn
Wavs and means committee. Will no
present these revenue features, agreed
upon today, formally to the House
He will announce Tomorrow the COD
clusions reached by the committee, AM
will offer the lteDls as an amendmen
to the tariff bill at the conclusion o
the morning hour on "Wednesday, AM
will make short speech in explanation
The chairman is 80 exhausted with tn
labor which the preparation OF the OIL
has imposed upon him, that ne IS ln ~
condition of body or mind, as ne e4
pressed it tonight, to do the s1oJec
Justice. He is unwilling that the dis
cussion should be delayed, however, an
!; it is for this reason that he will bring l
: M tomorrow with a view to dlsposin
of it asq uickly as possible. While ther
is no disposition on the part OF eltne
, Mr.. Wilson or the Democratic maJorlt
= to prevent the Republicans from de
, batting the matter fully, it IS the cnalI
, mans intention tto reach vote on IN
J bill January II. Deducting Sunday:
this will leave the bill before the Hous
: thirteen legislative days. It -ls Nj
,, Wilson'S intention to limit general de
bate to tive days. The remainder 9
r the time will be occupied IN conslderl1
), the measure under the fVe-mlnute rul
! Night sessions will be held IN orde
: that members who desire may have a
opportunity to speak, but unless To
present programme is changed, all az
; bate will be closed on the 7th inst:
at the conclusion Of Wilson's re
, marks tommorroW Burroughs OF Mlct
= igan, one of the leading Republic men
. bers of the committee will speak l
V opposition to the bill.