The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-03-02

|fk 10 ray liie odiiic do
|(apaations;; Statement
Of Underwood.
. .,sprsGToN. March IA bill
IA pu, sugar on the free list.
,gminstins $1,000. 900 in all
customs revenues. and another
II "a extend the present corpora~
M % include individuals and CO.
,uaIps doing business of $4,000
n msr. were ratified tonight by
|n-nratlc caucus ot tho house.
\ uclu tax. 80 called by the ways
-.,rs committee. Is In effect an in
M The blu Is 80 drawn that IL is
- 10 comply with the supreme
. teision against the constitution
i 4 n income tax. It's effect would
. AZ every person who earns more
r,& year on the excess of $4,000
Il sis Of per cent.
|rrnan Underwood estimates that
Egostd excise tax would bring in
Ia Of between $50, 900. 600 and 500
|syar.
e ,ugsr OH 'thc free list. the
1tc laadsIs estimate. Will reduce
rs o. sugar 10 the consumer about
Nd hall pound.
h1et that members OF the WAYS
ein COMMITTEES had been so close
'sar for several days was tho pro-
y dleud The corporation tax,
sl Free Sugar.
= eancus TINT bill waE not op-
kfpnlT. The free sugar bill
= vas assalled bitterly by repre-
= ffom Louisiana. the cane
ru and representatives from
~ soOing states. who were alb
p1 the bond of tho caucus. No
= nc ratification Of the bills
t,ssdsi.
's Leader Underwood announced
su' would be reported 10 the
= iew days.
neaeht OF the United States.
: wonoscd tax law be enacted,
|" Der cent Of $4,000. or 500,
'T l:inc $4,000.
tnhs The free sugar bill TO the
0ueus today Chairman I'm
submitted a bill which in
p'o''de .tor au income tax
states. Ii was proposed
rueht corporation tax be cy-
nellde individuals and part
business Of $4,000 year
,...,od 's'od Sid this practically
Z, 'pu'h The purposes OF an in
~ INC same lime comply
>,.s,a. court decision against
s'ia'ty OF an income tax
- YAK Would be / per cent.
mas Statement.
49, "ood made 4 statement
uat lie had been directed
Ann s'o means committee to
a,u, pave sugar on the free
=. ue' bill extending the pres.
i,a,,,, "'" levied on corpora
n ,,na and partnerships
'AAusl Income Of more than
~. y l'@o,lus Inc taxes levied
s.rr,,''o "oa'es ON sugar Imported
b, ~ said MIR. Underwood
rn eject Of reducing the
t1sa.r consumer about II
mem further says ,ha, IN ~.
r,t,,. 'ays and means commit.
IN ~ made by manufactures,
ss ,,,,,, sugar have been due 10
Ne lJt IN, "'u That placing sugar
M a.. WOULD reduce the nro|,t
A,ts.a a',Oy the industry in The
d, , but would result IN -, a
Pa. ''eau people Of sIo7.-
''s Measure.
u. -, 81 tho excise bill prc.
= er,rs Mr. Underwood
sairid,,, '"s tax 10 the bus,.
az asi, ~. and oo-partnerships,
ssuIs Wv accomplish the same
-, ,sx Ave been accomplished
~ 70 ,oa I" were In the power
rsi,ln, an Income tax law
,,,o. ~, Ievenue IS concerned, sI
= rsb.,.,0 Inc the bill keeps we'll
''a, a,,p''s IL laid down by rT,. ,be
'ulIooan,' ''s decision affirninr
Of uhc corporation
Ap.al ~. not IN any way alter
) paod. ae Corporation tax law
aslp' 'ls' a., every person. rs,"'' ,,eo books.
,'.cI.rls rs,. .,l, be subjected To-" to osr ar
{'a Or so' sarl'e tax with respect
Ahal.n, business by sucb
sesms' to per cent on '1S" the
I nsh o,". over and above ,sooo @
Yea, ',s'n no. from all nor,rcss
'puiiay '"d q, further proyIdcs
sislI II. the income Of anS yy
'is,a r,a.. not be included II,s ,hs
>tss.- any corporation,
rage Twelve.)