New-York tribune., 1909-04-22
BEGIN READING OF BILL
INCOME T4X AMENDMENT
Cummins Explains His Measure
Senate 4ccom pIishes Much.
From The Tribune Bureau. ]

Washington. April A.-Substantial progress on the
fs-ir bill vas made by the Senate to-day AL
though the schedules before the Senate less
Khan three hours, more than fifty Of the eighty
ono paragraphs in Schedule A-ohemicals oils and
paints-were agreed to- The reading OF all the
paragraphs in this schedule completed but
action vas deferred from twenty-five thirty
., the Finance Committees amendments at the
r.ouest Of Senators who desired further time
examine them. to-morrow's session the Sen
ate viii consider Schedule B-earths. earthenware
and glassware.
Briefly, the important tariff developments of the
dav were follows:
An effort by Democratic Senators who want pro-
tective duties products of the South TO sustain
their position by asserting these duties to be
revenue duties. the announcement by Senator
Aldrich that the drawback provision of the Senate
hi.l would be substantially the the draw
mack provision of the Dingley law. and that the
Finance Committee practically unanimous in
imposition the draw wback feature OF the Payne
hill, the virtual agreement Of the Finance Com
rnittee 10 recommend the establishment of
customs court; the introduction Of the Cummins
income tax amendment and the speech OF the
Iowa Senator in support of this proposed legisia-
ton: Mr. Cumminss criticism of the revenue pro-
oucing power Of the Senate bill Mr. Aldrich's
further declaration that the bill would yield ample
revenue TO meet all government expenses; the ap-
peal Of Senator Newlands progressive Repub-
iican Senators TO formulate a, tariff programme
which would meet the approval Of Democratic
OF
and Money that Southern Senators were not
asking e duty Cottonseed oil
Before detailed consideration OF the bill began.
Senator Cunnnins made speech in explanation OF
his income tax amendment. This amendment ex-
cents incomes below $500 a year. authorizes the
deduction of that amount from dutiabe incomes.
and provides for levying the following Upon
Incomes not exceeding $1,000. per cent; upon In
comes exceeding $4,000 2l1 per cent; upon in
comes not exceeding $4,000 per cent; incomes
Na-p e,F- arran no
exceeding $4,000, i per cent: upon incomes not ex-
ceeding s1oo0o0. per cent. and upon all incomes
exceeding s1OGO00. per cent. The tax would apply
10 individual incomes only.
When consideration of the committee amendments 8
began Mr- Aldrich stipulated that any paragraph
should be passed over on objection Of Senator
and that permission should be given to return TO
any paragraph adopted Replying to questions MT
Aldrich explained that he hoped TO report both the
maximum and minimum provision and the draw
hack feature early next week. Senator Nelson
asked for information TO the scope OF the draw
hack provision, and the Rhode Island Senator SAID
he thought it would be substantially the same as
in the DingIey act. Senator McCumber, member
Of the Finance Committee. said tonight that he
would oppose the Dingley drawback provision un-
less It made specific provision that no drawback
should be allowed imported grain Nhlch hao
been mixed with domestic grain
When Senator Newlands had closed long speech
II favor Of his amendment for progressive re-
ducrions" in the course Of which he said the
Democrats would glad to join Senators La r Oh
lette and Cummins in urging lower rates Nj.
Aldrfch made short reply He said he doubted
Mr Newlands's right speak for the Democratic
side or for the so-called progressive Republicans
He wanted to know the underlying principle OF Ihls
coalition for new party For instance, he SAID
he would be glad TO have Information as 10 what
rates would be recommended on boraX-
Mr. Cumrnins believes his income tax anenorneht
would produce S4G00,cOo revenue The amendment
provides that all corporations shall make annual
r.ports showing their gross and net earnings aro
,be amounts Maid as interest and dividends, and
the persons TO whom payments are made aho also
the names Of ali officers employees receiving
& GO a year In this way the uholVioeu
pro6ts Of a corporation would he ascertained ana
tb. distributed share Of each stockholder charged
asa part OF his income.