The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1909-06-15
EXPECT TO SUBSTITUTE
TAX ON CORPORATIONS
viii Have The Support Of
President Taft and The
Administration

Washlneion, June i5-~When the IN
come TAX question comes before the
senate for o VOC next Friday the
olan Of Che opponents. backed BY tht
influence Of President rati to crcum
vent the adoption OF such q measure
WIN Be fully outlined.
Already the opponents express con
liaence IN their ability 10 substitute
for the income tax amendments q pro
vision for q tax on net earnings of cor
porati0ns available for dividend pur
noses. coupled With ! provision for
the submission to the legislatures ol
thp several states constitutional
amendment giving congress The pow
er 10 lay or collect direct taxes on
incomes.
Handwriting on al'
For several DAYS ll ms pee1 req
ugnlged by the opponents Of the Nv
come tax question that the only way
they ooull make certain the defeat pi
me proposition would be 10 offer some
thing IA IT'S stead which would be ac'
ceptable Ia the country.
Taxes On net earnings Of corpora.
lions. gross receipts Of corporations
dividend Of corporations sad other
forms Of corporation taxes we're
brought forward one after another
cnly to meet rejection from aay0-
Gates OF the income tax.
Ut became known that President
Taft disagreed with the supportc-s ci
4 tax on incomes and would lend the
lmnshaii0na Influence IN bring.
Ing about theft lofaat
But the income faction, numher-
ine All o lie lsemacrallc senators and
number of pagreasiVe Republicans
variausly ealimnted at from - to 10.
have heen keeping up a bold ft0nt re-
fusing "a be diverted from their pur
rose BY tho suggestion Of different
forms of corporation tax,
The progressive Republicans nave
oxprossel themselves as willing 70
support an amendment providing for
tax nf 9 per cent on the undls'rlbui.
ga net earnings of corporations avail
abs Tor dividend purposes. If an
amendment Is adopted submitting 10
She states the question of adopting
an amendment giving congress iile
light to collect direct taxes on in'
comes.
Senator Aldrleh was 90 The White
House to-day and was O guest OF Presl'
dent Taft at luncheon. They discuss.
al this proposition I'll great length
and the chairman OF Che finance com.
mitlee agreed with the president
that such q plan would be wise
Il "a understood that the president
believes the IDeome tax question
should not be permitted to 80 Go The
the supreme court but nj the same
lime be takes the position, 4 u said,
ihat congress should be- given the
mower 10 levy taxes an incomes.
Insurgents Compromise
Every effort viii be made hy Sen
atora Borah, Cummlns and HALEY and
their followers among progressive RE-
puhlleans and Democrat senators, 20
get direct vote In the senate next
Friday on the income tax amend-
ment
A conference on that sublest to-
day was attended BY Messrs Cum.
minis, Rorah, LaFolleite, Bailey and
Clay. They sought TO meet the chang
Ing sen iment in the senate by decid.
ing to amend the nalley-Cummlns
amendment TO provide for a lax an
the nndisiributed earnings Of c0rpor.
stions and excluding from taxa ion
divia flds OF corporations ahch are
paid to individuals.
This Is simply another form Of aro'
viding against double taxation In an
Income tax hw 1t Is impossible a.
this present time 10 forecast the Out
come OF the vote. or several votes
that may be taken next Friday