Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1912-03-05
SUGAR PLACED
ON FREE LIST
BILL ELIMINATING $ss,ooo,ooo IN
CUSTOMS REVENUE RATi.
FLED BY DEMOCRATS.
ALTER coRPoRAT1cNTAx
To Tax These Whose Income Reaches
$500 a Hea..-Wou!d Mean Year.
iy Revenue Of &so,ooo,ooo
or Over.

Washington. March "A bill to Pr
sugar on the free list, eliminating
$4,000 900 in all customs revenue, ane
another to extend the present corpora
ton tax to include individuals anc
cc-rartnershipe having an income o.
$4,000 year or over. were ratified
by the Democratic caucus Of the
house.
The excise tax, so.called by the
ways and means committee, is In eff
feet an income tax The bill is sc
drawn that 1t is expected to compl!
with the supreme courts decision
against the ccnstitutionality Of an in
come tax It's effect would be to tax
every person who earns more thar
$4,000 year, on the excess of $4,000
At the rate Of per cent.
The estimate of Chairman Under
wood and members of the ways and
means committee is that the proposed
excise tax would bring In revenue
OF between s50,OO0,000 and $eo.0O0, 600
year Placing sugar on the free list,
the Democratic leaders estimate will
reduce the price Of sugar to the con-
sumner about cent and half q
pound
The secret that members of the
ways and means committee had been
90 closely guarding for several days
was the provision to extend the cor
poration tax. In the caucus that bill
was not seriously opposed.
The free sugar bill. however was
bitterly assailed by representatives
from Louisiana. the sugar cane state,
and representatives from sugar beet
growing states who were absolved
from the bond Of the caucus, No roll
call on the ratification of the bills was
demanded Majority Leader Under.
wood announced that the bills would
BE- reported to the house in few
days.
We simply took the corporation
tax law and rewrote 1t to include indi.
viduals and co.partnerships,' Mr.. I'm.
derwood said. The hill, to illustrate,
simply means that l, whose busin ese
IL that of member of congress, will
pay to the government per cent Of
my salary income over $4,000. The
salary of congressman is $500. 7
would therefore pay an excise tax Of
s25 year"
The president Of the United States,
should the proposed bill become law,
would pay ! per cent on $4,000 or
500, his salary being $4,000
Railroads will be subjected 10 heavy
hnes for intimidating employees who
Geek to. ioin labor unions or for
"blacklistine" discharged employees,
by the terms of a bill introduced by
Representative Stevens of Minnesota
The bill would amend the railroad
rate law and provide penalties Of
from 500 to $1,000 for violations of
the new section II was referred to
the interstate and foreign commerce
committee.
The senate adopted resolution call
ing on President Taft to submit to II
Ill the correspondence with Colon bis
dealing with the acquisition Of the
Panama canal zone by the United
States.
The resolution was offered by Sen.
ltcY Hitchcock Of Nebraska who urged
it, adoption IN speech in which he
charged former President Roosevelt
with participation in a conspiracy to
foment the resolution by which Pana.
ma was lost to Colombia and the canal
zone became the property of this coun.
try. There was no division on the
vote Of adoption.