The Barre daily times. (Barre, Vt.) 1897-1959, 1916-08-16
REVENUE
BILL READY
1t Will Be Reported in the
Senate To-
day
EXPECTED TO YIELD
$2O5, 100000
An After-War Tariff on
Dyestuffs Is Pro-
vided

Washington, d. c., Aug. l6.-The adj
ministration revenue bill as amended by
the Senate finance committee, was APP
proved hte Monday night by the Demo
cratic Senate caucus and will be reported
in the Senate to-day The measure,
leaders estimate, will yield $2o50O0O0O
annually, an increase of 100000 over
the estimated revenue as it passed the
House. Final approval of the measure
was voted after the caucus, which began
sessions on the measure week ago, had
debated the various sections exhaustive
ly and had defeated many motions to
alter the provisions inserted by the COM
mittee.
As it will be reported, the measure
differs in several important respects from
the House bill. It's principal provisions
include a surtax on incomes, an inner
itance tax, ten per cent net profit tax
on the manufacture of war munitions,
five per cent tax on manufacturers of
materials entering into munitions, Ii
cense tax of fifty cents per thousand on
the capital stock of corporation, liquor
taxes, and miscellaneous stamp taxes.
The bill also provides for the creation
of non partisan tariff commission. The
caucus had approved a committee amend
ment increasing the salaries of the pro-
posed commissioners from 81 500 to Sl0,
000 but just before adjournment that
action was reconsidered and the $500
salary restored Provision also is made
in section approved Monday night for
a tariff Of coal tar dyestuffs and medi-
cinal derivatives i'll order to encourage the
manufacture in the United States.
Several party leaders waged a losing
fight against the dyestuffs tariff. In
approving the proposal, however, the eau
Gus included an amendment under which
the duties will not become effective I'M
til the close of the European war or un
til conditions of importation should have
been substantially restored. 1t also was
provided that all existing duties upon
dyestuffs shall be suspended during the
period of the war
The caucus sustained the finance com
mittee amendment to the wine schedule |
after vigorous fight led by Senator /
Phalan OF California, for retention of the I
House rates. AS approved the tax on
still wines will be at the rate OF eight /
cents per wine gallon and the tax on
grape brandy or wine spirits used in the
fertilization of sweet wines will be 50
cents per proof gallon as against ten
cents proposal in the House bill.
On champagne and sparkling wine
tax of three cents would be levied on
each half pint; on artifcially earbonated
wine two and one-h half cents per half +
pint and on each bottle or other contain
err of cordals or similar compounds one
and one-half cents per half pint I
In view of the adoption Of the license
tax on the stock or corporations the eau
Gus voted to eliminate stamp taxes on {
express and freight bills or lading and
telephone and telegraph messages. Stamp
taxes are retained, however, on bonds,
debentures and certificates of indebted /
ness, conveyances, custom house receipts,
insurance policies, foreign steamship q
tickets and Pullman car seats and berths. t