Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1913-06-25
Committee Alters Administra-
tive Features to Meet OBJ
jections Lodged by Foreign
Nations,
INCOME TAX MAY BE
GREATLY MODIFIED
Sugar and Wool Interests Line
Up for Finish Fight in DEM
ocratic Caucus Against Free
Trade Schedules,

NHHHfHN HNNHfNN NFaNfNN ANH"HR "fFAA
Washington. June ~. - Radical
changes ln the income tax plan Of the
Underwood tariff bin and alteration
of the administrative features OF the
measure to overcome most OF the OBJ
icctlons raised by foreign govern.
ments were ugrced upon Ia q tcnta-
tive way today hy the democratic
members Of the senate finance com
mlttco
The income tax. under the new
plan, would apply to individual in
comes over $4,000. but would make
important exemptions for individuals
municipalities civic bodies and mu-
tual insurance companies. under GER
tain restrictions.
Changes in tho administrative SEE
lions include new provision giving
the president authority TO increase
tariff duties against certain articles
coming from countries that discriml-
nate against the United States.
The proposed five per cent conces-
sion IN tariff on goods brought IN
American ships the antl-dumping
clause; and the provision giving Unit
ed states authorities "inquisltorlni
powers to examine books OF foreirgn
manufacturers when the valuation Of
goods is in dispute. were stricken out.
Democrats Of the COMMITTEES made
il clear today that some further
changes might be made In the income
taN and administrative sections before
they were reported TO the senate eau
Gus.
Senate democrats IN caucus on the
bin spent the entire day on wool and
sugar just before adjournment To-
night. Chairman simmons Of the H.
nance committee, secured agreement
to vote upon both not later than I
o'clock tomorrow 40 amendment
to the free wool provision has been
offered, but the majority senator's
viii have an opportunity to express
their opinions ON two sugnr amend
ments Senator shafroth offered one
to FIX the rate al the end Of three
years at about one-hnlf cent a pound
Instead of the free list provision now
IN the lii senator Thornton offered
the second amendment TO provide
that the rates remain as they are in
the payne-Aldrioh act.
II was regarded as probable to-
night that the anti-free sugar men
would gel together tomorrow before
the vote IS taken and decide TO con-
centratc their support behind one
amendment IL the other rs beaten.
Leaders Of the majority were conf
dent that despite the oratory against
free sugar. il would be- retained In
the bin ana that only the two LousI-
ana senator's would oppose It WHOM
the measure reaches the senate.
undcr the proposed new form of
the income tax an additional cxemp-
ton Of $1,000 would be allowed 60
married mon or married women with
dependent wives or husbands not
taxable under this law and $500
would be added for each dependent
child living with the dependent upon
The taxable parent. III casc Of both
parents being taxable. however, ne
exemption for children would apply
other important changes in The
plan include the exemption from tax
alton Of that portion of the premiums
collected 10y the mutual life or mu-
tual marine insurance companies.
which may bc returned 20 policy
holders In the form Of dividends The
Underwood bin had exempted only
mutual fire insurance companies on
this basls
TO secure the payment OF tax upon
coupons checks or bills OF eX-
change" collected for foreign resi-
dents. provision was added requir-
ing an firms collecting such funds
to secure q license from the commits
soner of internal revenue, so that
the amount of their collections might
be inquired into at any time
The revision of the administrative
features eliminatcs many OF the re-
forms proposed in the Underwood bill
as IL passed the house. The senate
proposes an amendment
however providing for a Joint COM
nittce to investigate the revenue laws
with the view TO simplifying. har
revising aud codiiyingF
them
This committee would consist Of
three senators to be appointed by the
Wee president and -four members Of
the why's and means committee to be
appointed by the speaker and their
would be required
to be reported not later than Febru-
airy l. l9ii An appropriation Of
Xfs uo0 FOR the Investigation Is recon-
mended.
The specified articles and rates 10
which the authority OF the president
to make retaliatory increases in du-
ties would extend are as follows:
Fish, one cent "A pound. coffee,