The citizen-Republican. (Scotland, Bon Homme County, S.D.) 1???-19??, 1915-02-04
Believed 1t Will Be Necessar,
to Levy Taxes to Make Up
Deficit In Revenues
Oppose Bond Icsue.
CONSIDER MANY SCHEMES
Propose to Repeal Alaska Rail
road Appropriation Stamp
Charges and Other Spanish
War Features Possible.


Washington, Feb. Am extra ses-
sion of congress for the pc Of
passing further revenue legislation has
become almost d certainty.
Concerned over the condition Of tina
treasury and the prospect Of a large
deficit at the end Of the present fiscal
year, the administration feels it to be
necessary that additional taxes should
be levied upon the people.
Ihe administration does not
70 resort TO a bond issue. This is posi-
tive. But it does intend to apply the
prunlng knife on various projects, to
ana to nave enacted a bill which will
put into force ali the taxes applied dur-
Ing the war with Spain.
Suggests More Income Tax.
Secretary of the Treasury McAdoo
mas suggested that the exemptions I'M
der the income tax should be reduced.
Ihese exemptions amount to $4,000 in
the case of a married person and IS, 900
IN the case of a bachelor or spinster.
The secretary proposed exemptions of
$5,ouG IN the case of the former and
$4,000 III the case Of the latter. His
plan did not meet with the approval
of congressional leaders.
Another plan rejected by the con
6 OCCASIONAL leaders contemplated the
turning into the treasury Of the head
taxes received from immigrants. It was
pointed out that the monies thus col
lected are used to support the immi-
grafton service and the surplus over
expenses is needed to carry on the in
vestigation into unemployment and to
connect jobless men with positions.
1t was decided. however, to divert
ali other revenues as far as possible
into the treasury.
Plan Economy at Farley.
There remain certain taxes such as
the stamp tax, which was enforced
during the war with Spain, but not
included in the deficiency revenue
last fall. In addition the deficiency
revenue law, which will expire by its
terms January l, next, will be eX-
tended.
The entire revenue situation was
considered at a conference which took
by the president, Secretary McAdoo,
Majority Leader Underwood, Of the
House, and Representative Fitzgerald,
chairman Of the House appropriations
committee. Upon it's conclusion, Mr..
McAdoo declared that it had been de-
cided only to exercise rigid economy
wherever possible.
There is no occasion for unfavor-
able report about the condition Of the
treasury" he added.
Veto Threatens Extravaganza.
The further statement was author
ICED that it will be decided later wheth-
er congress will be asked to forego a
river and harbor bill, to postpone the
construction Of the proposed Alaskan
railway and to place the rural free
delivery system on a contract basis
If necessary to prevent unwise ex-
penditures, the president will exercise
his veto power. He deSirs to avoid
~cours to this extreme measure, and
Is urging the leaders in both houses
themselves 10 prevent any other than
absolutely necessary appropriations.
1t would not be surprising should
economy be practiced to such an ex-
tent that curtailments would be made
In army and navy appropriations, re-
grettable as this is under existing cir
c~uInstances.