The daily banner. (Cambridge, Md.) 1897-2008, 1917-08-01
KEEP PILING UP
THE WAR TAXES
Senate Committee ReviseS The Nea-
sure tnward-NiI Raise Nv"
Billions.

Washington. July 31.-Revision of
the war TAX bill so DIS to increase Its
total from 81, 100000 to about
S2,00G. 06a,UU0 mainly by additional
levies on intoXicants and on person
al and corporate incomes was DELI
nitely decided on today by the Sen
ate Finance Committee.
The detailed schedules and the en-
act total remain to be determined,
but committee members said tonight
they expected the bill to aggregate
at least 1898, 100000 and not more
than S2.0OS, 100000. They plan TO
nave the measure ready to report by
the end of the week.
The following new levies were de-
finitely decided upon today:
On corporation incomes. sl62,-
600. 900.
Incomes OF individuals OF $15,09o
and more, S21,600,00O.
Distilled spirits, S90.00o,00
Malt and fermented liquors beer
100000.
These new taxes total 1904 500
900. The committee considered the
following further revisions in pro-
viding for thes remaining S23, AGO.
UVU necessary " dltdlil Tie
of S1.99S, 900 900:
Increase of taxes on brandy for
fortifying wines. to yield about $10,-
100000.
Increase of rates on wines, to yield
about $2,000,000.
Increase of consumption, of excise
taxes on sugar. coffee and possibly
tea, together with few new taxes,
IL
arms.
Reduction of the ] D per cent. tax
in the so-called Jones amendment on
corporate undivided surplus 10 ten
or five per cent.
Although the committee had origi-
nally planned to secure much of the
additional revenue from war excess
profits taxes, committee sentiment to-
day was said to be strongly against
increasing the pending schedules, es-
than under the present law, or to-
tai of 100000.
To secure $162, 100000 more from
incomes of corporations. joint stock
companies and associations, includ
ing life insurance companies, the
committee decided to increase the
normal rate on such incomes by 2
per Gent, trebling their present rate
and: doubling the rate provided in
the bill. Modification of the Jones
amendment was virtually agreed to,
with the exact change to be decided
later, because of the income increa-
ses ordered.
The new SurtaX rates on individ-
ual incomes of $4,000 and above
rQnoaip tn no fvod
The graduated surfaces in the
pending bill run from five per cent,
on $4,000 incomes, up to 33 per
cent. The new rates probably will
graduate from to 35 per cent
With the increases the total income
tax returns to the government
would be s1,O52, 000,00U. of which
SITS, 100000 would be the war levy,
against $532,7OO,00e proposed in
the House bill
tax Of 81 per gallon more on distill-
ed spirits and so cents more per bar
rel on malt and fermented liquors.
These taxes would provide a total in
crease of s2.10 per gallon on distili-
ed spirits, which now pays S1.1O,
and of $1.75 per barrel on beer now
paying $3.50.
Chairman Simmons said tonight
that while new and increased con-
sumption taxes are being considered
by the committee, he thought the
few millions of revenue needed to
bring the bill to about s2,OOO,OOO,-
600 probably could be found with
out raising the consumption taxes
The tentative increases proposed for
these are of IA cent a,pound on sug-