Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1917-08-30
Attempt to Cinch Publishers
on Gross Incomes in Addi-
ton to Regular Income Tax
Is Beaten.
WAR PROFITS DEBATE
TO BEGIN AT ONCE
Simmons Brings in Comprom-
ise Measure by Which It Is
Hoped to Defeat Radicals Of
Upper House.
10y MORNING JOURNAL SPECIAL LEASED w,sEl

10y MORNING JOURNAL SPECIAL LEASED wiaEl
Washington. Aug. 2s.--The climax
of the senate's contest over the war
tax bill was reached today by disposal
of publishers tax provisions and open
var profits
Outstanding Developments today
follow: a
Petitions for cloture signed by fifty
six senator's to limit debate and force
early passage of the bin were pre-
sented by Senator simmons. in charge
of the bill. A vote Oh cloture cannot
be taken under the rules before Fri
day. Increase, of the bills levy on
war profits from s562,000, ,090 to ST.
O60,0O0,008 was proposed in amend
ments, presented by Senator Simmons
for majority of the finance COM
mittee designed as compromise t.
prevent more radical increases. The
senate made changes in the bill which.
including the almost double levy
on war profits proposed by the com
mittee, would bring it's total to So
522.470,000
Zone System Adopted.
Provision for a five per cent special
income tax on publishers 20 raise ST.
100000 was stricken out without i
roll call.
In lieu of the house zone g, stem
for increasing second class stage
rates by $4,000 900 and the finance
committees substitute proposing
fiat rate increase of one-fourth of one
cent pound, estimated to raise s3.-
100000 the senate by a vote of forty
to thirty-five substituted Senator Nc
kellar's zone system to raise $12.600.-
600 additional. An effort to strike
out the section entire:y and deave
postage rates unchanged will be ma 10
later,
The senate spent most of the 5ay
debating the publishers provisions. 4
Senator Stone, chairman of the f,r-
eign relations committee. vigorously
attacked critics who have charged
h'm with being pro-Germaf1 sympa.
thizer. and defended his attitude on
war measures.
simmons Presents Compromise.
Upon disposition of the publication
features. Senator Simmons presented
the compromise committee amend
ments on war profits, which, including
present taxes. wouro take $1,2S6. .o0o.-
900 of this years profits, estimated |
between $4,000, 100000 and $4,000. |
000. 900. '
tomorrow the war profits debate |
VIII get really under way with a
speech by Senator Underwood in spn.
port OF new substitute by Senator
Bankhead who would substantially
increase the amount of the lew as |
now proposed by the committee. Fina,
disposition of the bill early next week
Is senator Simmons aim in initiating
Although cloture would be viro,-
ously contested by the so-caIiad rasi.
Gals on war profits taxation, the nee.
essary two-thirds vote for it's adop-
lioh Is regarded as sure in the event
unanimous consent Is refused. n
ADOPTED the rule Would give each
senator but one hour to discuss the
Oil and all amendments
Want so per Cent.
Senate forces favorng even hiphe,
,aSation of war profits are lining nm
% support flat levy of at least
'ifty per cent. II
The new Bankhead proposals wout.
eVy war profits taxes based up,n
'spltalization at the following grodu.
lted rates, after exemption of s50oo +
md per cent; on profits of five
Der cent additional, five per cent. be.
ween five and ten per cent, 10 ner !
ent; between ten and fifteen per cent
% per cent: between fifteen ana
wonty per cent so per cent. and
Lpove twenty per cent a tax of 75 :
'er cent. ~ I
The effort promised tomorrow bv
senator Underwood former house
eader and financial expert. in the
ontest against the committee nrovis. It
on was viewed with unusual interest 3
y many senators because of its nos. Il
loie bearing upon future senate lead. n