Los Angeles herald. [microfilm reel] (Los Angeles [Calif.]) 1900-1911, 1909-07-01
TAX ON TRUSTS
PAID BY PUBLIC
so SAYS SENATOR B0RAH IN
LONG ADDRESS
TWO LAWMAKERS IN FAVOR OF
INCOME TARIFF
Scion from Idaho CrltIcizes Attitude
of Acknowledgements Take
Charge of Debate-Ad-
Iourn Early

WASHINGTON, June 30.-The income
tax was practically the only subject
and Senators Cummins of Iowa and
Borah of Idaho the only speakers before
the senate today
Mr.. Borah was heard toward the
close of the session, when the Iowa
senator yielded the floor, which he had
held since yesterday. He took for his
text the declaration made yesterday by
Senator Aldrich that he would vote
for the corporation tax amendment
only as a means of defeating the in
come tax, and without resorting to per-
sonalities. he criticised the position OF
the chairman of the finance committee.
Much of the time today was devoted
to the consideration of the national
finances, but considerable attention
was also given to the general merits
of a tax on incomes, which Mr.. cum
minis defended as the most rational be-
cause it was the most just OF all taxes
Total Revenues
fascinating the total revenues under
the Aldrich-Payne bill at $36O,0OO,Oo
and those to be derived from the m
ternal revenue at $240, 200, he pre-
dicted that at the end of the fiscal year
1911 there would be q dehclt OF not
less than $175,00O,OOO.
He therefore contended that the
amendment of the tariff bill by the
addition of an income tax was heces-
sarv to produce sufficient revenue.
Mr.. Cummins said that if the finance
committees resolution, providing FOR
the submission to the states OF con-
stitutional amendment for an income
tax should be presented to the senate,
he would vote for it, but not with
any hope of its success.
He did not doubt that there would
be enough interest manifested against
it to obtain adverse votes in sufficient
number of states to defeat the PROPOSE
ton.
Senator Borah of Idaho spoke in
support of a straight income tax
amendment to the tariff bill.
Prefacing his remarks with state
ment that his text would be the words
of the chairman of the finance COM
uittee, 81 shall vote for a corporation
tax as a means to defeat the income
tax" Mr.. Borah declared his opposition
to the corporation tax, which he re-
garded as aonther means for taxing
the consumers of the country.
Taxes Transferred
GuQutSllOidDlys MI IoOl Oil oeAiStt NAAN
great corporations of the country have
transferred their taxes to the consum-
err
1.-THE men who do not transfer their
taxes" he continued, ARE the holders
of millions Of bonds. which are eX-
empted from the operation of the law
it is here proposed to pass"
Senator Flint of California today
took Senator Aldrichs place in charge
of the tariff bill AS the day was occu-
pied with set speeches, Mr. Flints duty
consisted in nothing more serious than
a general oversight of the proceedings.
There was no little curiosity as to
where Mr.. Aldrich had gone on his
brief vacation, but the only informa-
ton given was that he was on the
water"
Taking advantage of the absence of
Mr.. Aldrich, the insurgents took
complete control of the order of bust
ness this afternoon, and, despite earn
est protests from members of the
finance committee, adjourned more
than an hour before the accustomed
time