Pine Bluff daily graphic., 1917-08-01
Corporation and Individual Incomes and Alcoholic
 Beverages Hit Hard.
EXCISE TAXES
 ALSO PROPOSED
Coffee, Sugar and Tea Likely to Be Given Loan to Carry.-Senate Fi- nance Committee Rapidly Whip-
 ping New Bill Into Shape.

Washington, July 31-Revision of the war tax bill. so as to increase it's total from $1,670,000,00O to about $2,- 600 1000 ,OOO, mainly by additional levies on intoxicants and on personal and corporation incomes, was definitely decided on today by the senate if. nance committee.
 The detailed schedule and the exact total remain to be determined, but committee members said tonight they expect bill to aggregate at least ST. 99S 1000 GOO, and not more than $2,20S,- O0OOO0 They plan to have the measure ready to report by the end of the week.
 The following new 1evfes were de- cided on today:
 On corporate incomes, $162 ,000,O00 Incomes of individuals, of $15,OGO and more, $27,600,000.
 Distilled spirits, $90,O00,000.
 Malt and fermented liquors, (beer) $25,O0O,000.
 Some New Taxes.
 These new taxes total $304, ,60O, 900. The committee considered the fol- lowing additional revision in provid- ing for the remaining $23,400,000 necessary to attain the minimum $1,- 99S S,0000O0:
 Increase on brandy for fortifying wines, to yield $10,O00000.
 Increase of rates on wine, to yield S. 2,0G0, ,000. st Y-. ...-
 Increase of consumption or excise taxes on sugar, coffee and possibly tea. with new taxes, possibly. to in clude gasoline and firearms.
 Reduction of the l5 per cent in the so-called Jones amendment, on cor porate undivided surplus, to 10 or per cent.
 Although the committee had origi- nally planned to get much of the new revenue from war excess profits taxes, the sentiment today was said to be strongly against increasing the pending schedule, estimated to raise $523,OOO,000 more than under the pres ent law, or total of $74S,O0O,0O0.
 To secure $162,O00,000 more from incomes of corporations, joint com paaies and associations, including life insurance companies, the committee decided to increase the normal rate on such incomes by two per cent. trebling their present rate and doubling the rate provided in the bill. Modification of the Jones amend ment was virtually agreed to but the exact change is to be decided later. The surtaX rate on individual in comes of $15,0OO and above remains to be definitely fixed. The graduated surtaXes now run from per cent on $lo,OOO incomes up to B per cent, The new rates probably will be grad uated from to 35 per cent.
 With the increases, the total income return would sbe $1,O52,OO0,0OO, of which $719,7O0N00 would be the war revenue, against $532,70O,OOO proposed Tn the house bill.
 Tax on Liquors.
 me committee decided to add tax o1 $l gallon more on distilled spirits ana 90 cents more per barrel on malt ana fermented liquors. These will provide an increase of $2.1O a gallon on spirits, which now pay $1.10, and oI $2 a barrel on beer, now paying
 Chalrman Simmons said tonight enat While new and increased con- sumption taxes are being considered, ne thought the few millions needed to prmg the bill to the $2,O00,OO0,0OO probably could be found without rais- .ns the consumption taxes. The ten ,"oNe increases are IA cent on sugar,
 1 cent on coffee and one or two oents on tea. Present rates are 1-2 ton' s;, on sugar, two cents on coffee and i've cents on tea.