Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1909-06-17

| ment 10 the tariff bin In the face 81
President Traits special message %
congress today fnvorIng the subn1is
sion OF the question 70 the states fof
| constitutional amendment and tn
enactment OF "A law taxing the me-
| earnings or corporations
They decided that tho presidents
plan Is not inconsistent with their de-
mands for the addition Of an amend
ment taxing incomes and that both
may be adopted in harmony. They
| assume that the presidents plans, IN
dorsed BY leading republicans on the
finance committee is designed t.
"chlaroform" the income tax amend
ment but nevertheless announce that
they will continue TO fight for lis
adoption. a brief statement pre-
pared By Mcssrs. BOrah and Bristow
says.
'Thc friends Of the income tax feel
II a duty 10 continue % put form
every effort TO secure The adoption
of the measure. They VIII therefor,
urge the adoption OF the amendment
They also stand ready 10 support q
resolution providing for an amend.
ment 10 the constitution Of the United
states
While they believe hat the su-
prame court viii sustain the law, YET
to provide against any possible con-
%tlngency that might result from an
adverse decision, they gladly favor
the proposition 10 amend the
tuition.
They do not feel satisfied with
simply a corporation tax. A tan
npon the net income OF corporations
alone VIII imperfectly reach the de
sired result. II win tax tens OF
thousands Of stockholders, whose 70
tai Incomes are very small and viii
exempt IN large measure the I'M
mense personal incomes Of the coup-
Try. The provision they favor treats
large incomes exactly alike, whether
received by corporations or ind.vid
and whether arising from inter
est, dividends. inheritnnees, o.
Otherwise. The plan which they pro
pose simply carries the presidents
views TO their legitimate end and .
na consistent with the decision of tn
supreme court rs ~ the tax on cor
pornte incomes alone.
There Is no eaA0n for exempting
from this tax the vast incomes u
individuals IKE Carnegie, ROckefelie
and others. a very large part OF whose
fortunes do not consist or corporation
II Is also well known tia
corporations. especially the lareef
ones can, in most instances, shit IN
burden Of the tax to the pubic by
Imposing upon the people Increases
ana prices,
"As to the publicity feature, Their
Is no substantial difference between
The two measures, In other words,
there Ia the same necessity for secnr-
Ing Information ana insuring public
IN the income tax as In the cor
poratien tax.
EVERY possible effort VIII be mad
10 secure the passage of the Income
amendment
The small attendance at the con
f%orcnce. il Is asserted does not augu
4 lack Of sympathy with the incom /
AK proposition but Is explained by
he fact that the meeting was not |
until after the presidents mes |
was received and many senators |
lad engagements which they could
not break.
Senator Brown, author Of the first
resolution introduced 10 enable the
states TO pass upon question o.
.lncndlng the constitution so rs 70
Empower congress to levy a tax on
Incomes was present tonight for ten
minutes. Ii Is declared that he Is not |
10 the adoption of the presi- |
lonta program and the income taA
amendment as wen.
That supporters Of a direct tax on
Incomes do not like the idea OF sub |
an amendment imposing a
upon the net earnings of corpora
ions was manifested by the decision
I was argued by senator Borah that
/ Is unjust to Tux the earnings of a
and let a partnership. in
Such legislation he declared can be
explained only by the fact that there
= "A wave of nntlpathy toward the
corporations that lead many people to
believe that they are objects OF leg,t. !
prey.
What win be tho position OF tho
senate democrats when President
program Is submitted for -
vote has not been determined a
win he held tomorrow night |
Bailey. author of ono OF the |
ncome tax amendments assured pro. |
republicans today that the
democratic senators would remain |