Arizona republican., 1917-08-01
PLAN WAR 1 AK b|L | REVISION.
' TRepubllcan A.P. Leased Wire1


 WASHINGTON, July 31.-Revision of the war tax bill so as to increase its total from $1,67O, 100000 to about s2,000, 900, 900 mainly by additional lev ies on intoXicants and on personal and corporation incomes, was definitely de- cided on today by the senate finance committee
 The detailed schedules and the eX- act total remain to be determined but committee members said tonight they expect the bill to aggregate at least $1,99S, 900 and not more than $2,- 8,000, 900.
 They plan to have the measure ready to report by the end of the week.
 The following new levies were de- finitely decided upon today:
 On corporation incomes S162, ,0O0, 00O Incomes of individuals of 5,000 and more, $27, 600, 900.
 Distilled spirits s90,00O,O0
 Malt and fermented liquors (beer) $25, ,000, ,000
 These new taxes total s304, 600 000 The committee considered the follow ing further revisions in providing for the remaining $23,400, 900 necessary to attain the minimum of s1,99S,000.
 Increase of taxes on brandy, fortying wines, to yield about S10,000, 900.
 Increase of rates on wine, to yield about $2,000,O00
 Increase of consumption or excise taxes on sugar, coffee and possibly tea together with few new taxes, poSsi- bly to include gasoline and fire arms
 Reduction of the IS per cent tax in the so-called Jones amendment, on cor porate undivided surplus to ten or five per cent.
 Although the committee had origin ally planned to secure much of the ad- ditional revenue from war excess prof it's taxes, sentiment today was said to be strongly against increasing the pending schedules. estimated to raise 523,000.O00 more than under the present law, or a total of 74S 100000
 To secure $162, 900 more from in- comes of corporations, joint stock companies and associations, including life insurance companies, the commit tee decided to increase the normal rate on such incomes by 2 per cent, trebling their present rate and doubling the rate provided in the bill. Modification of the Jones amendment was virtually agreed to.
 The new surtaX on individual in comes of s15,000 and more remain to be definitely fixed.
 
 ing bill run from five per cent on s15,- 900 incomes up to 33 per cent The new rates probably will range from six 10 B per cent With the increases the total income tax returns to the govern ment would be s1,052, 900, ,000 of which S719.0000 900 would be the war levy. against s532,700,OOO proposed in the house bill
 The committee decided to lay tax of Sl gallon more on distilled spirits and 50 cents more barrel on malt and fermented liquors. These taxes would provide a total increase of $2.10 a gal ion on distilled spirits, which now pays $l10 and of s20O a barrel on beer now paying s1.50
 Chairman Simmons said tonight that while new and increased consumption taxes are being considered by the com mittee, he thought the few millions of revenue needed to bring the bill to about ,000,000000 probably could be fuond without raising the consumption taxes. The tentative increases pro- posed for these are of A cent a pound on sugar, F cent on coffee and 1 or 2 cents on tea. The rates now in the bill are F cent a pound on sugar 2 cents on coffee and : cents on tea