New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-02


Committee and the ordinary member OF
tine House knows no more aoout Mr.. VIII
sons tarin programme than a Princeton
freshman.
Trenton Impressions General.
The few Democratic leaders who have
been called TO Trenton 20 confer with the
President-e!ect have returned with the
general impression that there rs 10 be
Cabinet and also tarin revision and other
legislation. but no Democrat knows how
far the party may so in It's slicing of the
schedules. nor the exact mature Of the
revision which Will suit the next Presi
dent
Democrats who read the campaign
speeches Of Governor Wilson are unable
10 find comfort and information therein.
II will bo recalled that the Democratic
candidate talked one moment OF reducing
the cost OF living and lowering the tariff.
only 10 explain moment later that his
policy would not harm an American in
dustIy.
Chairman Underwood and his colleagues
on the House committee Will proceed ac-
COrdinc 20 their own devices In the re-
vision 81 the tariff. hoping that II may
meet he final approval OF the taciturn
head OF the party. vt best. however, the
Democrats may only guess at the desires
% their chief,ain. and il is doubted here
that even Mr. Underwood knows what the
next President will want.
The Ways and Means Committee closed
It's rerfunctory tariff hearings to-day. The
hearings will afford the Democrats the OPP
portunty Of saying that chance was
given every Industry TO present its views,
but Il IL generally conceded that the So
called "inyestigation" by the committee
VIII have little effect when the tarin bills
ar framed.
The Democrats will follow closely the
bills vetoed by the President during the
last session. and ether schedules will be
considered from the revenue producing
point OF view and not with "A view 10 pro-
tectins American industry
The pleasing prospect OF an early pas
sage OF a genuine income tax BILL with
It's attendant large revenue, confronted
the WAYS and Means Committee to-day,
and Representative Hull the income tax
expert on the committee. is now at work
on the preliminary details OF such
measure. which will be presented 10 tho
extra session II one additional state rati-
aes the constitutional amendment provd-
ing for the taxing OF large incomes.
As soon as the Ways and Means Com
mittee is advised of the favorable action
Of one or more states plans will he ADAM
doncd for the presentation n6ain OF the
Underwood excise tax bill. reported a.
companion measure 10 the free sugar bill
OF last session. and a full-fedged income
tax will be proposed.
Representative Hull Is understood 10
favor a | per cent tax on all earned in
comes above 5000 with higher tax.
probably IL per cent. on unearncd in
comes above that figure: still higher
tax. graduated on the unusually large in
comes from so-called swollen fortunes
which are practically In dormant state.
and on vast real estate holdings
In speech recently delivered in the
House By Nj Hull. he said.
| should OF present favor tax on the
higher incomes only, say those above So
900. with "A differentiation between eathSh
and unearned incomes. prescribing low
or rate for the former. and whenever
deemed advisable q reasonable super-taN
on incomes over $4,000 would make the
graduation more complete and falr.
The chief burden of the present in
direct taxation" the speech continued.
Fails upon people having incomes OF
81. 200 10 $1,000. and under. II IL safe 10
81 4 hu If gtn
taxes. amounting TO more than s3oO,ooO.-
900 annually. are paid by the people
whose income does not exceed $4,000.
Where would be the injustice in requir-
ing the more than 100000 with incomes
Of $4,000 and upwards to contribute $780,
e0O. 900 annually 20 the government rev.