The weekly true Democrat. (Tallahassee, Fla.) 1905-1912, 1909-08-06

that Roosevelt would surely be the
next Republican candidate for presi.
dent n the campaign promises for
downward revision were not fulfilled.
The cerporotlon Tax
The president had q highly ditncult
task also % preserving bis scheme for
a corporation tax intact IN the Payne
bnl This feature d clearly the most
unpopular one IN the entire measure.
30 far as members Of the senate and
house were concerned. Many Of the
members argued to the president that
the tax as provided for was uncon.
stitutionak Resolutions will be intro
duced 10 the various state legislatures
condemning the act and recommend
ing its repeal. according TO statements
made BY various congressman Ia
Washington.
The corporation tax Of per cent on
the entire net income oyer and above
5000 received By corporations from
Ell sources exclusive Of certain items.
must be paid on o. before June 80
each year. Persons authorized to
make returns or Statements 20 the
government and who make returns or
statements az a fraudulent nature are
subject to a One Of $1,000 aud im.
prisOnment Tor Que year.
During the closing days Of the tar
if controversy. before the bill was
voted on for dual passage, over forty
Republicans who had grievances Of
one sort or another against certain OF
the provisions Of the BIN stated that
they would vote against Il They bad
q IN their power to defeat the meas
ure and force TIE Pre- tlent - cali
another special session "a September
or October. They bad the party lead.
ors plainly worried for q time, bUt
the able peacsmakers at the capital,
including President Taft hlmself, sue
ceeded 10 calming the ruined waters a.
last
HISTORY or THE BILL.
The neW tafiG law WIN Be known 10
history as the Payne bill, taking lls
same from the chairman Of the house
committee of ways aud meana the
Hon. Serene n Payne Of New XoFk,
who also had q part IN running The
Mckinley and Dlngley acts Actually
Il should perhaps be called the Payne.
Aldricb BIN. as the chairman Of the
senate 6nance COMMITTEES hns bad cutie
90 much 20 DO with dlctating Sc dnal
provisions as Mr.. Payoo, on thla line
az reasoning, however there aro those
who inslst that Il should b chilled the
TAFT bilJ. as the hand Of the president
has besn seen 10 all ths moves that
have shaped 4 from TIE dage o. the
Republican national c0nVontioa that
nominated him and adopted q plank
Cor tariff Fevipion up until the hour %
tie anal nght 10 cohforenes committee,
when the be man IN the White House
made bis historic 1ght Tor frco FAW
materials and Cor carrying cot ths
promises q che party.
Il d the lrst tine thers bas been Q
change % the tariff laws b twelve
ysarn, ths Dingley act having gone
/ into eject a. 1891. The ineepti0n o.
that law Was stfikiugiy TIE that az
TIE present n each case Il was %.
actsd b. 60 extra session 81 congress.
called a. the 1rst act Of ~ incOmins
administration. More BotsUorthy still,
each &c These oxtTa sessigog was cRiisd
% meet OF March -. the 1rat one
havine been issued By william hcKin.
ley Of Ohio, the last By William How
ara Taft o. ohio.
The TarlR Plank.
TIE agitation within ths Republican
party Cor 4 revision Of TIE Dlngley
act has gone On from the dsye Of tbe
aloWa IDEA" until az last q culminaied
Ia tie plank ln che last Republican
platform beginning:
The Republican party declares 40.
equlvocaliy Cor q reviaioD 81 the ar.
Az b. 3 special session Of congress- IN.
neliataly folIooing the inAagur4lion
AZ me next president"
III Ne campafgB o. that platform
AZ. TAN conrfFusd tbs plank - mean
lne ntslalbn d6Wnward. point thaf be
lnsirie1 a. 20 hl speeches end opally
cllarhr1 81 ~ Inaugural address uhen
e 11il ltol cad.ilons ~ - 111nssl
nalise a. BE Dinghy act llat tae1
Hl1 N t Ic1nc 1l leIo1 in