Bluefield evening leader. [volume] (Bluefield, W. Va.) 1906-1911, 1909-04-20

NO INCOME TAX
Senate Bill Contemplates
$40,000,000 More Revenue
and $35,0O0,000 Less
Expenditure.

|
Aldrich. chairman OF the committe,
or finance, In opening the debate Il
! the pending tariff bill assured the
senate In the most positive terms
that the bill reported from the com
mittee on finance would produce am
pie revenue for the government. He
suggested that II, by any possibility,
these estimates should prove to be
incorrect the duty of congress would
be to reduce expenditures and make
them conform To- actual revenue con-
diuons. and not TO impose new aud
onerous taxes
While he did not refer speciflcaI-
~ to any proposition to impose an
income tax, his statement declarin,.
that amp'e revenues may be derived
from other sources was accepted us
direct opposition to all such prop
ositions.
DiDgley and PaDyc Bills Compared.
On the desk OF each senator was
comparison of the text of the Ding
ley tariff law with the Payne tarir.
bill as passed by the house and as
amended and reported from the SEN
ate committee on finance In addi-
ton a statement was furnished to
each senator showing the estimated
revenues under the present law com
pared with the amended Payne bill
The increase from customers over
the existing law was estimated at
81, 666,7S4 Of the Payne bill as
passed by the house, and $9,934,426
under the bill as reported from tn =
senate committee. In making the
estimates the revenues produced in
1906 were used in attaining tho com-
parison with the house bill, and the
revenues for 1907, when the imports
were much larger, in arriving at the
&C mparison with the possibilities un-
der the senate bill.
Mr.. Aldrich believes that 1907
was a normal year, while Represen.
tative Payne, chairman OF the house
committee on ways and means, be-
lieves 1906 was the last year when
conditions were normal.
'If the pending bill should be-
come a law before the goth OF June
next" said Mr.. Aldhch, "the Gus
toms revenues for the entire fiscal
year Of 1910 would be collected un-
der its provisions, and the probable
results constitute the crucial point
In our Investigations.
For the purpose Of ascertaininf
tho revenue producing qualities oil
the senate bill an dthe act Of 1897
the committee on finance has had
prepared a statement which is laid
before the senate this morning. II
apT'ies the rates Of the senate Bit
to the importatio1s OF 1907; I'm 9th.
or words, IL shows the revenue tina.
would have been derived upon thu
importation made in 1907 If the sen.
ate bill had been in force durlna
that year
Takes 1907 as Normal Year
1--WE have selected the year 1907
for the comparison, as this was thu
last year IN which the finance and
business Of the country we're in Z
normal condition
"The statement shows that II tn,
senate b.ll had been in force in 1907
the customs revenue produced by =
would have been SS,O0O,000 greater
than those collected under the Ding
ley act the totals being $4,000,
900 under the act OF 1897, anc
| 100000 under the senate bill
This increase Of revenue Is du,
to advance in rates on few article
OF luxury. such as wine, spirits, etc
| ]. is also due TO the substitution
made in the bill. in all cases wher
90 was possible. Of specific for ad VI
loren duties. This will prevent in
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