The Tabor independent. [volume] (Tabor, S.D.) 1913-19??, 1915-02-04
Believed 1t Will Be Necessary
to Levy Taxes to Make Up
Deficit In Revenues
Oppose Bond Issue.
CONSIDER MANY SCHEMES
Propose to Repeal Alaska Rail.
road Appropriation - Stamp
Charges and Other Spanish
War Features Possible.

Washington, Feb. Am extra SEES
sion Of congress for the purpose Of
passing further revenue legislation has
become almost a certainty.
Concerned over the condition of the
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.
The administration does not propose
to resort to bond issue. This is posi-
tive. But II does intend to apply the
pruning knife on various projects, to
postpone expensive construction work
and to have enacted a bill which will
put into force all the taxes applied dur
ing the war with Spain.
Suggests More Income Tax.
Secretary of the Treasury McAdoo
has suggested that the exemptions I'M
der the income tax should be reduced.
These exemptions amount to $4,000 in
the case of a married person and $4,000
in the case of q bachelor or spinster.
The secretary proposed exemptions of
$4,000 in the case of the former and
$4,000 in the case of the latter. His
plan did not meet with the approval
Of congressional leaders.
Another plan rejected by the con-
gressional leaders contemplated the
turning into the treasury of the head
taxes received from immigrants. 1t 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.
IL was decided, however to divert
all 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
measure placed on the statute books
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
place recently. and was participated in
Majority Leader Underwood. of the
House, and Representative Fitzgerald
chairman Of the House appropriations
committee. Upon it's conclusion, Mr.
McAdoo declared that 1t 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-
err congress will be asked to forego
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.
II necessary to prevent unwise ex-
penditures, the president will exercise
his veto power He desirs to avoid
recourse to this extreme measure, and
IS urging the leaders in both houses
themselves to prevent any other than
absolutely necessary appropriations.
IT would not be surprising should
economy be practiced to such an ex-
tent that curtailments would be made
Ia army. and navy appropriations, re-
Rrettable as this is under existing cir
cumstanceS.