The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-07-09
TRICK IS I!!RNED
ON REPUBLICANS
Simmons Gets His Hands on
Their Analysis OF Tariff
Measure.
HAD EAGERLY SOUGHT 1T
Now Being Used to Check Up
Bill Before 1t Goes to
Printers.

Washington July S.-Senator Sim
mons. chairman of the Finance Com
mittee. turned a trick on Rcpublican
leaders to-day when he got his hands
on a lengthy analysis OF the Demo-
cratic tarin bill which had been pre-
pared under direction of Senator Smoot.
pointing out what the Republicans
claim are serious defects in the meas
ure.
Senator Smoot had delayed for a
month the Introduction OF the ANALYSIS
despite insstence OF Senator simmons
that 1t be printed. On the last day
OF the caucus, when the Republicans
were assured the Democrats were
through with the bill. Senator Smoot
consented to send the document in for
the printer. But the Democrats have
not yet printed their bill, and have a
day or two To make corrections and
laugh at their opponents. inasmuch
as debate will not begin until next
week
Knowing that the Republican docu-
ment might contain valuable pointers,
Senator Simmons directed the Finan- C
Subcommittecs to go over their
schedules to-day while he pored over
the Smoot analysis to check UP with
the subcommittee tomorrow.
Simmons Pounccs on II.
Senator Simmons heard several weeks
ago that Republican leaders had eau
toned Senator Smoot to hold back the
analysis. Don't send IT in yet" they
urged. 1T Will give us away" Then
the Finance Committee chairman de-
termined to lay in wait for the docu-
rnent. and to-day he pounced on 1t
before it went 10 the printing office.
He found the result of Senator Smoot's
careful laborS OF month aided by 4
corps of experts and assistants. He
said the analysis points out some err
rors that can be corrected. but that
much OF the document was found to be
argument
The bill probably will not go to the
printer until tomorrow night, as the
subcommittecs still are checking up
for corrections. Meanwhile, Senator
Simmons Is completing the committee
report on the measure.
Senator Simmons to-day received
from the Commissioner OF Internal
Revenue an analysis OF the revenue
to be derived from the income tax as
revised by the Democratic Senate
caucus. The House estimate. on the
basis of fiat exemption OF $4,000, was
S70.000.00O year. On the basis OF
SO, 600 exemption for single persons.
s4.OO for taxable married persons. with
an additional $500 each for dependent
children up to two, as the caucus
amended the section. the estimate for
the normal year shows very little dit
ference, 1t being SG9,625.OOO. For inns
year. however, two months VIII be
lost owing to the change in time the
incomes are to be computed from Jan
nary |, 1913, TO March /. 1913. For this
year this would leave the estimated
revenue from income tax at approx
mntcly S5S.000.000.
More Thnn House Estlmnfe.
More revenue. however, Will he de-
rived from the corporation excise
feature of the tax than the House
estimate of S30.000,000
The commissioner report shows that
in the last fiscal year S35,o0o.00c WAS
collected frcm the corporation tax and
estimated for the coming year the
revenue is $4,000, ,O0n. The general
revenue estimate to be derived from
income and corp Dration tax under the
House bill was s100.00O.000, and under
the bill as revised by the Senate. this
income Is estimated at $106.625.Oo0. For
the first year, however. owing Ia the
two months cut out from income tax
revenue. thc general revenue would be
approximately $95.0G0,0o0. Senator sim
mons is having worked out general
revenue estimate for the whole tariff
bill. This will show n considerable In
crease over the House figures.