The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1917-08-01
n0RE TAXES NECESSARY.
SENATE COMMITTEES MEMBERS
SAY IT Is POSSIBLE TOTAL
NAY REACH $4,000.
100000.
Increase I'm Income Tax Must BE
Masls-wiii Leave To House Task oI
Providing $4,000. 100000 for New
Army.


Washington. July 2s.-The senate
anance committee reached tentative
Agreement late today to revise the
present s1.s7o.oo.oo war tax bill so
~ to raise at least s1.s4s. .o0o. 900. The
iarger part Of the increase to come
from higher income taxes.
Members OF the committee said to-
night Il is possible the total of the
bin before II gets to the senate would
bc $4,000. 100000. According to tho
present plan. about $3.50. 600. 600 of the
increase will DO obtained through
higher income tax ratcs--s70. 900. 900.
from individuals and the Fest from
corporsticns. The committee figured
on an increase In the normal rates
on individuals from to per cert
and on corporations to per cent.
The rest Of the increase may be OBJ
tainsd by increasing the excess profits
tax and by consumption taxes on su-
gsr. tea. coffee and cocoa.
Under the program $1,000. 700. 900
would be tho total levy this year up
On Incomes. The present law yields
$500. 100000. ,rhe pending bill orig
inally was designed to increase this
By >S33.qeo.o 600. and the 32s0. .o0O,-
600 additional II now proposes to levy.
would vaiso II oyer the billion mark.
The senate committee viii confine
~ woTk for the present to the pres
ent war tax bill and will leave to the
house the task of raising the rest of
the $1,000. 10000 the administration a
bslicves II must have to prosecute the
war this year. Majority Leader
kitchin. Of the house. was In confer
enco with the senate committee today
and this decision was reached as re-
suit OF his contention that the house
might resent any senatorial infringe
ment on Its constitutional prerogativc
Of ihstituting revenue Legislation.
Whether the house will prefer to au-
thorize $1,000. 100000 In bonds or
treasury certificates to supplement the
es.ooo.o0O.o00 tho senate Is providing
viii not be determined until next
week. The income tax increases pro-
possd. Chairman simmons announced
oonisht represent the concensus OF
- co4nmittee's opinion. Thsy prob
NY ~ sthnd = che oommitfss was
poedy y formal5y vote On tkB 'upWard
5esIsIoh late today. but deferred nnal
oteion suntil Monday" s4f
Tho decislon tod to leave to the
house the task OF providin.; $4,000
100000 additional. promised greatly
% expendite senate action on the
psndin6 revenue bill.
Senator simmons said today there Is
no Immediate necessity for the SEN
ate to consider revenue questions be-
yond the bill. There is no occasion
for Immediate providing revenues TO
meet the new estimates" he explain
3D. There may be no necessity for
further revenue measures until the
December session. With the pending
bill. there are ample funds to meet ali
calls until December"
Tho committees agreement to In
crease income taxes by $3.50. 900. 900 in
increasing the pending tax bill from
u.s7o.ooo.ooo to ut least s1.s4a. .ooo.-
900 was said to be based upon the
belief ehat the bulk of the Increase
should come from income rather than
war ptohts. already heavily taxed in
the bin.