Waterbury evening Democrat., 1906-12-07
TARIFF MEASURE IS LOST Members of Congress Awakening to the Fact That the President Wants
 No Change.
INHERITANCE AND INCOME

Washington, D. O., December IT. Members of congress have just awal5- ened to the fact that the presidents message plainly proposes that the subjects of an inheritance tax aud in come tax, both of which, if enacted in to law, would produce large reven- ues, be considered when the question comes up as to revising the tariff, and that the president leaves high in the air the matter of tariff revision.
 In his discussion of the inheritance and income tax ideas the president says these should be considered when the revenues of the government are up for revision.
 Therefore, when will the tariff be revised and when will the inheritance and income tax questions come be- fore congress in such an earnest way as to presage genuine attempt to do something?
 Evidently the president left the whole thing to crystallze; to get the opinions of the people so that he would know when to proceed with his characteristic vigor. According to the presidents views there will be no inheritance and income tax laws until the tariff is formally revised. One could not we'll be taken up with out the other
 Logically, this Is correct attitude, republicans assert although the lcad- CTS of the party differ as to the de tails. It is admitted that if income and inheritance tax laws are put up- on the books they will produce q large revenue to the government, which is already burdened with mon ey, the estimates for the surplus for this fiscal year running as high as S50O0O,OOO. The government has so much money on hand that it has mil lions of dollars on deposit with na- tiOnal banks and will be able at the close of the year to pay off $1l6O0O,- 900 of maturing per cent bonds. Ev- en then it will have on deposit near ly S10O,OO0OOO with national banks that could be drawn upon in case of need.
 With so much money on hand it would not be business policy to in crease the revenues to a large extent. When the rich men are plucked for some portion of their wealth as q con tributi0n to taxes some other source of taxation can be reduced. Will the policy of the president be to advocate a lowering of excessive duties on ar ticles of import. especially where this lowering would result in less duties to the government? Tariff experts claim that when customs duties are lowered the result is a large increase in exports and more revenue for the government but the president proba- ply has in mind schedules of the tar If on which the duties could be abolished altogether and goods ad- mitted free.
 At any rate the passage of laws re- quiring wealth to pay a goodly pro portion of taxation means that the government must get rid of some of it's revenues. How to do 1t will be the problem for the party in power.
 Massachusetts republicans, some of those from Indiana and the western states are demanding an extra ses- sion for tarlff revision. With this would come inheritance and income laws. In all probability. If there Is no extra session the tariff question would go to the next regular session, which would fall on the eve of the presidential election of 1908. No re- publican leader would stand for this, not even the president.
 In the light of this the conclusion Is reached that the tariff will have to be revised in extra session next spring and summer or the revision will have to go over until the con yress following the election of a pres dent. What does the president real " wantg Is he adriotly moving to make the three questions-tarir re- vision inheritance tax income tax he issues for 1908 whether he Is or s not a candidate to succeed him. elf? Several hundred congression- .l t,.I.ru t...lfava that iu hfs nfan