The daily banner. (Cambridge, Md.) 1897-2008, 1917-08-30
.CLOTvRE MOVED
ON WAR TAX BILL
Senators Will Cut Down De-
bdte on Measure.
lax IN PUBLISHERS KILLED
Amendment Providing For Zone Postal
Change on Second Class Matter
Aptroyed-Boost War Profits Levy.

Amendment Providing For Zone Postal
Change on Second Class Matter
Aptroved-Boost War Profits Levy.
WaSAMstun. A.. 80. Senator Sim
mons. III cnaI-e OF the var tax bill,
moved To- invoke rIoture III consider
alton OF the measure
He presented petitions recently cir
>u!ljed to shut off debate. signed by
liiy->evem senator's. Tie cIoture mo-
ton mast b. yrIgd tomorrow If adopt
ed by i tWu-th..ls vote it would limit
each senator's time for further de-
bate to one hour.
The section Of The war bill imposing
a five per cent special tax on publish
ers' incomes, was stricken out OF the
measure by the senate by viva voca
vote. The section was designed to
raise $500. O00
Previously. by a vote of 40 to s..
the senate adopted the substitute OF.
fered by Senator Mcclellan. Democrat,
Tennessee. tor the war tax bills sec
ton to increase second class rates.
+ This section as drawn by the finance
committee heavily taxed newspapers
and magazines. The Mcclellan amend.
ment provides that after January l..
1918. second class postage shall be
graduated by zone system. beyond
the 300-mile limit from two to six
cents a pound.
An amendment by Senator Sterling.
/ Republican. South Dakota. was added
This eXempts farm and religions pa
pers and all periodicals maintained BY
/ religious. educational, scientific philan.
thropic agricultural. labor or fraternai
organizations not organized for profit.
These rates remain at at present
Under the Mcclellan amendment s12..
GOO. 900 additional revenue would be
received. 1t is subject to final action
however. on the motion of Senator
Weeks. Republican. Massachusetts, tC
strike out all publishers taxes.
The senate. withou, debate or OBJ,
. lection. struck ont the house zone
provision for periodical postage in,
crease It then proceeded TO the fl,
nance committee clause for special
tax on publishers incomes.
Senator Simmons. Democrat. North
! Carolina o. the finance committe
later formally presented 10 the senate
, the So-called compromise amendments
( to the war profits sections of the bill
This compromise. which was agreed
upon by the finance committee. Is de
/ signed to meet the radical movement
for greater taxation of war profits. II
/ provides amendments carrying taxes
averaging more than thirty-three pei
cent of such profits. The provisions
as originally drawn by the COMMITTEES
called for twentv-eisht per cent.
The amendments would increase the
war profits tax yield from 1852 ,000.00'
7 to 81 .0h0 600 600. besides the taxes un
I der the present law. They would yield
one-thirI Of the bfll's total taxes.
/ The pre-war profits rate of the bill,
was retained The committee added
/ now maximum war profits tax rate
/ of 60 nar cent on profits in excess OF
, 800 per cent The maximum in the
! bill was 50 per cent on profits above
! $50 per cent.
Another substantial change was
made in provisions for exemptions A
! MINIMUM o. per cent and a maxi,
mum of 10 per cent Of income on
capital actually invested was approx
! ed.
These provisions would care for cor.
porations suffering abnormal depres
/ sion during The pre-war period. SCor
porations making less than per cent
! during that period would be entitled
/ to at least that exemption. If making
! more than 10 per cent. they would
receive not more than 10 per cent re.
! duction