The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1894-01-03
INDIVIDUAL NCOMETAX
1T Finds q Place in the Wilson
. Tariff Bill.
THE TAX ON WHISKY INCREASED.

Ehs Income Tax Provision Provides Thnt
All individual And Corporation Incomes
Over -Four Thousand Dollars Shall Pay
Two Per csnt--To Vote on the Bill Jan. ~
the Individual income tax proposition
were t<iumphant as the nesting Of the
Democratic members Of the ways and
means committee last evening. The eleven
xnsmbsrs wero present when the flunl
meeting was held at the treasury depart
ment ct 4 o'clock. Comparatively little
time was wasted In discussion. The
ground had all been argued and fought
ever time and again, and the issue was
Joined on two proportions, one to levy a
tax Of 9 per cent. against individual in
comes over y, 900 and against the incomes
froua oorporations-that Is, the difference
between the gross income and the opsrat-
ing expenses, or, In other words, the net
income; and second, proposition offered
- q substitute ~ Mr.. Cochran, Of New
York, to tax the incomes from corpora
tions l per cent. and inheritances 5 per
cont, to place a tax of ten cents on whisky
and to restore sugar to the dutiable list at
half cent pound. The vote on Mr..
Cockran's substitute proposition, which
was taken first, resulted in its defeat, z to
Z, as follows
Ayes -AIessrs. Wilson, Cochran, Ste
yens and Montgomery.
Nays--Messrs. McMiliin, Turner, Whit
ing Bryan, Bynum, Tarsney and Breck-
fnrldge.
The original proposition was then sub
mittsd. and carried by q vote Of Q TO .. as
followsi
Ayss-Messrs. MoMiIlin, Turner, Whit
ting, Bryan, Bynum and Tarsney.
Nays--Messrs. Wilson, Cochran, Ste
vons. Montgomery and Breckinridge.
1t was also decided, in connection with
the latter proposition, to increase the
whisky tax ten cents per gallon; that Is,
from ninety cents to 81, to be levied
sgaipst whisky in as well as out OF bond.
Upon the representation that this increase
would work undue hardship to the owners
Of whisky In bond, it was decided TO ex-
tend the bonded period from three to
eight years. The tax on playing cards, at
ono time fixed at six cents per pack was
reduced to two cents, and the contem-
plated tax ON perfumes and cosmetics was
discarded. No increase was made in the
tax on cigars, but the increase on cigar
cites, q per thousand, was allowed to
stand.
The committee estimate that the tax on
lie incomes from corporations and indi-
viduals Corporations being treated as In
dividuals) will raise $50 000.o00 revenue,
fae. 900, 900 from corporations and SIS, ,00o,-
900 from individuals. The increased In the
whisky tax, 1t Is estim ated, will give an
additional revenue Of $40. 0.000,0O0 per an
mum. The ptbposed tax on inheritances.
which was 10 be levied In case the propo-
sition for an individual income tax failed,
was not deemed necessary.
Summarized, the internal revenue fea-
lures Of the Wilson bill are as follows: A
tsx OF per cent on individ ual incomes
ever u, 900 and net corporation incomes,
and tax of two cents per pack on play
ing cards; Oil per gallon on whisky, e1 per
barrel on beer; $1.B0 per thousand on Cigar
sttes and % per Thousand on cigars aud
shsroots. These features Of the bill were
presented to the full committee this after
noon, and will be formally introduced in
the house later In tho week.
Before the final vote ON the Individual
income tax proposirion was taken Mr..
Cochran offered a proposition that bond
hksue should be authorised. When tho
question was put the proposition was only
supported by one affirmative vote, that OF
Mr.. Cochran himself.
Before the Democratic members ad-
seurned they decided upon the program
Tor the tariff debate The general debate
will continue until Monday night, Jan. 8.
Nine days will be allowed for debate un.
der the ive minute rule, during which
lime the bill will be open for amendment
Uhe final vote Ia to be taken Jan. II.