Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1913-04-19
Democratic Leader Underwood
Predicts Measure VIII be
Brought Up in House EARLY
Next Week,
INCOME TAX PROVISION
IS SLIGHTLY AMENDED
Republicans May Introduce
Payne-HiII Wool Act Pre-
Sented Two Years Ago as
Substitute for This Schedule

Substitute for This Schedule
as, Morning journal special Leased WirrD
Washington. April lS.-The tariff
revision bill which made rapid prog
ress today In the democratic caucus
of the house. was considered also 10y
"A conference Of the republicans. who
agreed 10 propose amendments DEM
oeratic Leader Underwood predicted
tonight that the bin would be
brought up in the house next Wednes-
day.
In the democratic caucus the ways
aud means committee majority was
sustained at every point in series Of
fights over proposed amendments 10
the income tax. the only important
change being by acqucscence OF the
committee 10 strengthen the provision
exempting life insurance policies. The
$1,000 exemption and graduated
scheme of income taxation running up
10 per cent on 100000 or more
was retained intact
The house republicans in an open
conference. endorsed the proposed
amendment to the bin that would
provide for tariff commission,
changed so as to require the commits
sion to report annually. and deferred
until Monday action on "A proposition
to Introduce as republican amend
ment. the Payne-liill wool bill that
was offered two years ago
Meantime, the democrats Of the
ways and means committee met and
agreed upon number of minor
changes in their bill. which probably
will be offered late tomorrow, TO cor
rect defects disclosed in the caucus
proceedings
The democrats have been lombard
ed with inquiries regarding a clause
Of the income tax provision intended
to exempt life insurance policies To
avoid complications. the caucus
changed the language so as to read
provided the proceeds Of life insur-
ance policies paid upon the death OF
the person insured shall not be IN
cluded as incomes"
Representative Shirley. of Kcntuc-
Ky. proposed to reduce the income eN-
emptions from $4,000 to S2,i00 and
to make incomes OF more than 500,
600 pay per cent tax, on the
ground that the bill made too small
minority of the people subject to the
tax. Representative llobson, of Ala
bama. wanted to make the minimum
$4,000. with a rate of Y of per cent
between $4,000 and $4,000 ana a per
cent sur tax on incomes between
100000 and $3.50. 900 and 5 per cent
sur tax above $250.0O0. Representa-
tive Thatcher. OF Massachusetts,, pro-
posed $4,000 as the minimum. All
these amendments were voted down
The republican caucus opened with
lively fight over the general tariff
policy in prospect. Representative
Moore, of PENNSYLVANIA, aud Repre-
sentative Fordney, Of Michigan. a ml-
nority of the republican representa-
ton of the ways and means commit
tee. were on hand with resolution
which would prevent the republicans
taking any constructive steps in the
making of the tariff. Republican
Leader Mann and his lleutenants pre-
vented vote on the resolution, al
though Representatives Moore and
F0rdney endeavorcd to force action
II do not wish to find myself two
Years from now, after the democrats
have made their mistakes said Mr.
Moore. bound by some fool action
taken here today on a bill prepared
BY some individual who may or may
not be the representative OF Lobbyists
now in the capital. The new repubH-
can members who have not had time
to consider or prepare bin should
not be bound by any hand-me-down
bin left over from previous con
gress."
Representative Payne discussed his
proposed substitute wool bill al
length, declaring it was the mosl
equitable arrangement Of duties on
wool that could be devised. lie eN'
planned that the rates were arranged
on a basis of 8 cents a pound on
pure raw wool. with compensatory du-
ties on wool in different stages OF
manufacture equitably distributed OF
basis of wool contents. lie said the
bill had the endorsement OF the taIlH
board.
Representative Fordney attacked
the rates as too low and objected t'
the conference endorsing any bill
Il am opposed, he said, Ito the re-
publicans presenting any substitute
for the rates in the democratic tarf
bill. We have nothing to gain ant
everything to loose on such transac.
ton. If We put in a bin now and We
are returned to power two wears hence
that bill will meet us on the trail ike
a scare crow"
After a lengthy debate. action was
postponed until Monday evening
when the conference will meet again
The caucus adopted an amendment
10 the income tax provision Offered