Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1913-04-22
TARIFF BILL IS.
REPORTED TO
HOUSE
BY STRICT PARTY VOTE OF "A TO I
IT IS APPROVED BY THE WAYS
AND MEANS COMMITTEE.
GENERAL DEBATE
BEGINS TOMORROW

Washington, D. c., April 22.-Witl
the entire ways and means committee
in session today for the first time
Chairman Oscar Underwood laid be
fore it the new Democratic tariff re-
vision bill.
After receiving vigorous opposition
by the six Republican members and
Victor Murdoch, Progressive, 1t was
approved by the strict party vote OF
Ia to and reported to the house to
be called up tomorrow for general de-
bate.
Democratic Leader Underwood to-
day decided to call for day and night
sessions of the house, beginning to-
morrow, to expedite the passage of
the tariff bill. 1t was said his .deci-
sion was in accordance with sugges-
tion from the White House that night
sessions would show an earnest de.
sire to secure legislation as early as
possible.
The general debate on the tariff
bill will begin tomorrow in the house
and Mr.. Underwood's idea is that it
will be completed in about five days
and that possibly week or so more
would be consumed in considering the
bill further under what is called the
five minute rule.
Washington, D. c., April 22.-At the
first meeting of the entire finance
committee late today Senator Smoot's
motion to hold general hearings for
interested parties in the tariff revi-
sion was defeated by strict partisan
vote. The committee, however, will
hear senators on free sugar and wool
A RADICAL CHANGE.
Washington April 22.-Presenting
the completed Democratic tariff revi-
sion bill to the house today, the Dem
ocrats of the ways and means COM
mittee recommended radical read
justment of the entire fiscal policy
IF the nat:cn. They proposed 70 make
an income tax the means of accurately
adjusting the funds to be raised by
taxation to correspond with necessi
ties of the government expenditures.
The report, after outlining the oper-
ations of the proposed income tax,
said:
"The revenues from all income taxes
readily respond to changes of rates
and the latter can be raised or lower
ed within a few days time without
business disturbances such as gener-
al tariff changes occasion. 1t is be-
lieved that budget or other effective
system by which congress may be
able closely to calculate and determine
in advance forthcoming expenditures
soon will be devised, in which event
il should become easy to maintain a
close balance between expenditures
and revenues such as is practiced in
most other civilized countries. With
other sources of revenue devised to
honest and fixed basis and the income
tax a permanent part of our revenue
system and at all times affording a
substantial emount of revenue, con-
gress could and if necessary, should,
annually raise or lower the income
tax rates in such manner as would
prevent either a deficit or surplus in
the treasury.
"To eliminate protection of profits
and to cut eff duties which enabled
industrial managers to exact bonus
for which no equivalent is rendered
"To introduce in every line of in
dustry a competitive tariff basis pro-
viding for it a substantial amount of
importation to the end that no con-
cern shall be able to feel that it has
o monopoly of the home market eX.
cept through the fact that it is able