Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-07-18
SENATE UNDERCUTS
HOUSE TARIFF BILL
Majority Report of Committee Reduces Duties to Average OF
Per Cent Under the Existing Rate and Az FER Cent
Below That of Underwood House Measure

ent is allowed an additional exenap-
/ ton of $500 for one minor child and
up to 81, 900 on account of minor chils
| dren, except where both parents are
| taxable, in which case no exemption
| is allowable on account of children.
by the amendment the lowest
possible exemption to any one per-
son would be $4,000, and the highest
possible exemption to any one per-
son $1,000. While the amendment
may make no wide difference in the
volume of revenue derivable from
the tax, 1t is deemed equitable as
recognizing the added obligations
on account of marriage and children
and salutary as emphasizing the
! family as the unit in our social
structure"
The changes in all the schedules
are dealt with at length in the re-
port. OF agricultural products many
were transferred to the free list in
addition to those put there by the
House.
The sugar and wool schedules are
left unchanged as to free sugar and
hfree raw wool, but reductions by the
Senate committee in wool tops and
yarns are explained, and sweeping
reductions in the metal schedule are
treated in the report with consider
able comment. Pig-iron, ferroman-
ganese and other products were
placed on the free list by the COM
mittee.
i Concerning the general revision the
Senate committee says that follow
ing the leading of the House, 1t
has sought in the amendments 1t
proposes to the House bill to fur
ther carry out and perfect the theory
of establishing revenue producing
tariff upon the basis of competitive
rates, as a just and fair interpreta-
ton in the light of existing condi-
| tons of the latest authoritative ut
terances of the party in power upon
that subject, and now submits the
results of it's labors with the con-
| fdent belief that the enactment into
law of the House bill as amended
will result in a more equitable distri-
button of the burdens and incidental
benefits of our system of customs
taxation; that it will tend to disin-
| tegrate the monopolies built up un.
| der the present system; that 1t will
enlarge opportunity through in
dividual effort. reduce the cost of
living and relieve the people from
the burdens of the protective system
strikingly exemplified in the so-called
Payne-Aldrich bill, which this meas
ure Is intended to supersede."
Root Attacks Income Tax Section.
The income tax section was at
tackled by Senator Root on the
ground that it would be impossible
to enforce it against incomes re-
ceived between March /, 1918, and
the date the bill becomes law. He
offered an amendment to make the
tax apply only after the new tariff
becomes effective.
Senator Stone, in the absence OF
Chairman Simmons, said the COM
mittee would give careful considera-
ton to tho amendment. A resoiu-
ton for postponing consideration of
the tariff act until December and
for a national referendum election on
the bill in November was introduced
| by Senator Gallinger.
Senator Sutherland introduced an
amendment to require goods placed
in bonded warehouses to pay the
rates of duty in force at the date
of importation. He stated that he
was informed that goods valued at
$10o0O0,00O had been placed in the
warehouses waiting for lower duties
of the new bill to become effective
by which he estimated the govern
ment would lose $4,000, 900 in revenue.
Senator Stone asked that the
amendment be referred to the finance
| committee.