The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1917-09-06
Finance Committees Draft
Adopted Tentatively
in Test Vote.
Johnson PROPOSAL
DRAWS HIGH TOTAL
Maximum Support Attained
by High Rate Group
on Last Day.

WASHINGTON, Sept. 5.-Thc senate's
bitter fight over war profits taxation
virtually ended late today with the
adoption of the finance committees
compromise provisions for a total levy
of $l,oS6, ,OO0, 900, or about one-third OF
this years war and normal excess
profits.
This is an increase of $1,060,O 100000
over present taxes. The high tax ad-
vocates failed to secure adoption OF q
single amendment.
The vote on adoption of the finance
committees draft was - to Z. The
seven were Bankhead, Borah, Grona,
johnson of California, La Toilette,
Underwood and Vardaman.
Action on the war profits section,
the largest revenue producing pro-
vision, was taken technically in COM
mittee of the whole and is subject to
final review later. Today's decisive
route of the high tex element, now
ever, may prevent further efforts
along this line and senate leaders say
it forecasts defeat for the fight begin
ming tomorrow for heavier income
taxes.
Few changes Expecteo.
With the adoption of the finance
committees war profits provisions
increased by the Committee from
$562, ,O00, 900 to $1,000, 100000, after the
high tax senators had began their
fi.ht-the bill totals $2,522,000,0 900
near which figures it is expected to
remain. Many senators. however, pre-
dict ultimate elimination of consump-
ton taxes. aggregating $S6,0OO.0O0;
second class mail increases of s12,-
100000; freight taxes OF $77,500.OOo
and stamp taxes on parcel post
packages, estimated to yield about
$S,OO0,0O0
In the contest between those advo-
eating and opposing higher taxation oil
war profits, the largest muster OF the
high tax group was 30 votes. Thls
came today on an amendment OF Sen
ator Johnson of California, to increase
the maximum graduated rate from 81
to 20 per cent.
. Supporters Of Amendment.
Democrats supporting it were:
.Ashurst. Beckham, Broussard
Chamberlain, Fletcher. Hollis, Hust.
ing, johnson, South Dakota: kine
Kirby, Mcclellan, Myers. Overman
phelan. Shafroth, Sheppard. Thomp
son, Trammell and Vardaman-19.
Republicans--Borah. Brady, Gronna
johnson, of California;; Jones, Wash
inston: Kenyon, La Toilette, McNary
Norris and Sutherland-10. Total, q
AS now written into the bill the wa
profits section strikes out the hous
provision for an additional tax
5000, 900, 600 The total levy of the neN
provision is estimated at $l,2SS.OO0.OO'
1t also extends the tax to ordinar
normal peace profits in excess OF te
per cent in addition to excess wa
profits, reached by graduated rate
amounting to sur taxes ranging frol
u to 60 per cent. The excess Is base
on the net income above $4,000 of col
porations. partnerships and indlvid
nails in trade or business over tf
average OF 1911, 1912 and lsl3-tf
pre- war standard-with minimum
exemption of 10 per cent.
To Advertise Bond.
Representative johnson of Washing
ton announced tonight that he wou
offer an amendment tomorrow to pr
vide for the expenditures Of $l'So.
600 or 100000 for ADVERTISING u
sale of the second issue OF Liner
bonds. 4 total of s17,O0O.OO0 is !
.cluded In the rill for floating
bonds and certificates but there is
spccific allotment for advertising.