Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-05-31
WAR TAX BILL ASSUMES
ROUGH FORM IN REVISION
As Rctiraftcd, Estimated Revenue to
he Brought In Now Totals
81 100000, 900.
TO MAKE SOME ADDITIONS
Senate Committee Hopes to Have
Measure Ready for Report by Mid
die OF Next Week, for Immediate
Consideration.

| WASH INGTON. May 3o.-The war
tax bill to-day assumed rough. but
nearly :.rll. form in the revision of
the sl,SoO ooo.o 900 House measure by
the Senate Finance Committee.
| After working all through the holt
day with Treasury experts. rccapitu-
latinS the committees revision, Chair
man simmons announced that as re-
drafted the estimated revenue to be
brought in by the bill now totals ST.
400. 0o0 p00 \ bill aggrcGatine slight
~ above $1,000. 100000 now is gem
orally expected.
In rcsuminE its conferences to-mor
row. the committee will take up minor
tax schedules. having decided virtually
all basic changes. Completion Of the
main revision work by Saturday is
planned. few moro days will be re-
qured TO make technical changes. and
Senator Simmons hopes TO be able to
introduce the redrafted measure in
the Senate by the middle of next week
for immediate consideration. Present
Indications are for unanimous sup
port by the Republicans as we'll as the
Democrats on the committee.
On the basis OF the committees work
thus far, income. excess profits. liquor.
tobacco. special excise. or consump
ton. and stamp taxes are the principal
revenue sources. Tic committee has
tax lcvics aesreGatinE So2". 1000 00
and much more tentatively has been
climina ted
SOME HOUSE SCHEDULES
NOT YET PASSED ON
or the principal House schedules not
yet passed upon, il WAS reliably stated
tonight that the committees probably
will adopt or but slightly change. the
taxes oil liquors. wines. freight, cN-
ttu, t.Ifi TDitl Too
pipe line. amuScments and telegraph
and long distance telephone messages
Rates for the new license tax on
aut omobilcs. excess profits perfumes
patent medicines. confectionery and
several other items have not yet been
fixed. The committee to-day received
a new Treasury estimate OF proposed
aut omobile taxes. ranging from $25.-
900 900 to S35.00000U on both selling
price anu horsepower standards from
which to make final decision.
Taxation OF newspapers. magazines
and other publications having the
second class or ccnt-a-pound mailing
rate will he taken up Tomorrow.
rostmastcr-Gcn Burlcson to-day
urged Senator Simmons to support Sen
ator Iiardwick's plan for retaining the
l-rcnt poundagc rate on news portions
of publications. but taxing the parts
devoted to advertising. The commit
tee Senator simmons said feels that
| some share of the tax burden should
no placed upon tho publications enjoy
| ing postage rates less than actual cost
of transportation. but it will not inn =
pose Il burdcnsomc levy. Should the
! llardwick plan as offered or modified
be adopted. senator Simmons said the
= per cen, tax upon all ADVERT ling
previously approved by the committe,
would be changed.
Committee sentiment is said 10 favor
retention of the doubled taxes imposed
by tho House on distilled spirits anG
beer, both as Il revenue and to q de-
) gree AS war prohibition measure.