The sun., 1900-12-08
REDUCES THE WAR TAXES.
CHAvxWAN SAYSSS REp0Rr ov mrs
COMMITTEES mn.
ne says the Committee Di'ssress with SEQ.
rotary Cages Estimatss for 1909. saa
Considers u safe 90 Mako q Rsdseties
Of Abeut sAO, 600, 900 In the Rsvsuue.

Of Abeut $40. OOO. 600 In the Rsvsuse.
wAsHiSdToS, Dec 7.-Chairman Payne
of the House WAYS and Means Committee.
In his report on the bill reducing the war
revenue taxes. says
While the war for which these additional
taxes were levied IL ended, the train Of cx-
trnordinary expenditures has not ternin-
ated with the close Of actual hostllties. We
find It still necessary to maintain an army
81 a hundred thousand men until law aud
order are fully restored In our possessions.
We find IL also necessary To provide troops
10 man the fortihcations which We have been
building the past few years, and also to pro-
vide sufficient force in the navy to man the
vessels which We have recently added. The
increasing navy. too. brings new necessi-
ties. all Of which call for greater drain upon
our resources.
According to the report Of the Secretary
Of the Treasury the receipts from all sources
for the fiscal year ending June 80. 1870, were
sss9. .5o5. .43,. while the total expenditures we're
$3.50. .098. .s7i, showing a surplus OF S79.527 $50,
He also estimates the receipts for the fiscal
year ending June 80. 1901. upon the basis VI
existing laws, at see7 ia. .2Sa. and the expen-
ditures at s6D7, 7,773 253. which would leave an
estimated surplus OF sso.ooo.0oo. For the
fiscal year ending June 80. 1902. the Secretary
OF the Treasury estimates the revenues at
e7i6. .83s. .oI2 and the expenditures at $500. .S7i-
soI, leaving an estimated surplus OF s?s,2js.-
237. or course the revenues and expenditures
for the year 1902 are all estimated.
1T will be seen that there Is an estimated
increase in the revenue of 500. 900, 900 over
the previous years and an increase OF e1-
penditurcs Of nearly sss.oo0.o0 The COM
mittee are inclined to take a more conserv-
atiyo view of the amount of expenditures
necessary for the year ending June 80. 1902;
AT the same time they are anxious to avoid
any deficiency in the future. They deem
II safe to make II reduction OF about siO.-
1000. while the Secretary OF the Treasury
In hi. report suggests that reduction OF
only $50, 1000 be made.
In regard to the tax on beer the report
says that by the tarin Law Of isa, the Jsis tax
Ions. with no rebate whatever The war
Revenue act fixed the tax at s. per barrel r
advance only s. cents per barrel The pend
ing bill increases the rebate from "a per
cent to 20 per cent. making net reduction
thinks gives them all the relief TO which they
are entitled in view, Of the amount OF reduc-
tion carried by the bill
The report then enumerates the various
stamp duties abolished by the bill and Gays:
In making the foregoing reductio your
as II is ex pected TO go In reducing the revenue
They also believe that they have made the
reductions 10 as TO do away with the most
annoying and vexatious taxes under the
act. and also TO relieve such business as Is
best entitled TO relief under all the circum.
stances They still adhere to the belief
expressed in the former report. that these
war taxes would naturally be repealed or
modified when the necessities OF war and
the payment of war expenses. including the
train of extraordinary expenditures which
do not terminate with the close OF actual
hostilities. have ceased While regrefting
that they cannot make report finally dis
posing OF the war taxesexcept such as Con-
eress may deem wise hereafter to keep on
the statute book. yet they congratulate the
striking of 40 per cent of this kind Of taxa
ton"