Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-06-28
Predicts Huge Collection.

CdH De assured or collecting more
than 100000 from the income tax,
even If no more proportionateIy is col
lected than was collected this year
and more proportionately will be col
lected.'
Mr. Underwood said customs receipts
were producing in the current wear
se20Oo,000 more than the administra-
ton had expected and that the Treas
ury Department reported to him these
hsures of the total revenues for the
current year just ending:
Income and corporation tax s75. 600 :
QUO. which had been estimated at s95.-
900. 600 w.
Internal revenue 1909 100000, esti-
mated at s312.000,000.
Customs receipts s2s2, 200, 900, esti-
mated at s270,00 900
miscellaneous receipts, s57, 900, 900; es-
tmated at s59,000.O00.
Expects No Falling Off.
There will be no falling off in the
income tax receipts next year" he said.
"A large proportion of the income ac-
crues and is payable in January and
February of the year. but the income
Tax became operative as to the normal
tax IN March. and. as to the supertax
or ADDITIONAL tax, not until the bill be-
came law in October Probably one
half of the dividends and coupon in
terest on bonds are payable in Janu-
AIRY and February of each year, and.
OF course, they are not included in this
years returns of the income tax So
II Is fair to say that only one-half of
the year has been available in which
10 collect the income tax
Il think the corporation tax this
year will show an increase of about
$4.ooo,000 or $4,000 900 over the last
year of the Payne BILL continued Mr..
Underwood. That may be due to its
natural growth. but to a large extent to
the fact that we have cut out of the
$4,000 and required all corporations to
make a return =.
Representative Payne of New York.
author of the last republican tariff law.
contended that the republicans should
have been credited with some of the re-
celpts of the current year, as the re-
duction in the tariff rates under the
Underwood bill did not cover the en-
tire fiscal year. ...,
Goes After Humphrey.
Representative Hehin of Alabama
launched out at Representative Hum
phrey hammer and tongs and produced
this as an opener:
Mr.. Humphrey is the chairman of the
committee on distress He is the self
constituted mouthpiece of calamity the
:orerunner of destruction and prophet OF
political evil and seems to enjoy his
malodorous and disgusting office He
noses around and scans the columns OF
the newspapers to find out some one who
has been unfortunate, who has fallen by
the way. Then he crows and crows and
crows. Then he runs into this House
and laughs with ghoulish glee.
u want to say to the House there is a
conspiracy on to disturb this democratic
Congress and this democratic President
in the fight to free the country of the
dangers that threaten the life of the re-
public.
Refers to Failure.
Representative Rainey's reference &c
the recent failure in New York was as
follows:
The Clafiin failure about two day.
ago brings to US the news that through
out the country from 1900 to 900 bank:
held the paper of this concern. and there
is no talk about a bank panic or any
falling of securities throughout the coun
try-so strong is the confidence in tht
present administration and in the fedora
reserve bill