The daily banner., 1917-08-23
SENATE TAXES
yjEk.LTHF]R WAR
Swollen IaG0m:S Are Hit Hard
by Action.
RICH ARE CALLED SLiCKERS
Amendment TotaI.ina 81 Per cent of
Large lrcom- do sted-Lenroot
fmeHGmants Retained

Er.oAiu1,ol. Aa". -. Afts@ pro-
.ra ed ,.taa,e in winch ii N. ~eIa-"rs
1ry i heavier ltyirs o" n.um g, AMI
va profits. the snl;n lpHtatively
deed :he ame"dmeI Of senator
Re y. ramrcr.t. Rhode Island, 10 The
va raH h'M.
r, ;s MouI- qi1 $4o,371.o.o to tho
revenn r~',-,.' IN the me sure by
increasing ~" 'I<e> en- incomes eX-
,eeding $7-o,ooo.
The rates az they now stand are:
I 10 per cent on incomes between
$50 o0O and $S0,0o0.
! 17.50 per cent on incomes between
! sSoooo and $10o,00o.
! 2125 per cent on incomes between
s10o 600 and $150.o00.
I % per cent on incomes between
SIS 900 and $2o0,00o.
/ s. per cent on incomes between
/ s2G0 600 and $250.00O
/ 81 per cent on incomes between
$3.50 .n0o and $200,000.
Rates on incomes above this amount
! were boosted by the Gerry amendment.
Tha amendment was adopted with
! out dissenting vote Under it, the total
/ tax levy on all millonaires' incomes
( including the present law. would be
! sixtv-seven per cent.
On q test. the senate voted . to 32
against eliminating the so-caIed Len
root amendments, made III the house,
providing - per cent increase IN SUR
tax rates on incomes exceeding 500
! 600. and raising about S640Oo,000 Ii
revenue.
All the l.enroOt amendments as
( adopted by the house wefe retained
bv the senate after reductions pTopoS-
ed by the finance committee were re
iected on two votes.
Several amendments by Senator La
toilette. Republican. Wisconsin, for
fur..er increases in income taX rates
are pending.
During the debate. Senator Lewis,
Democrat Illinois. made the charge
that the government had been de-
frauded out of fully 5000, 100000 in
tncome taxes evaded by the wealthy.
Senator Lewis was speaking in support
( OF Senate. Gerry'S amendment.
! "There has Dsen inconceivable in
eenious lying on the income tax sched-
ules before the finance committee that
! in other forums would subject those
i responsible ia perjury lie said
TN the treasury department at this
bour is nroof of s300. 900 900 swindled
| out of the government by fraud, per-
! iurv. deception and other different
forms Of commercial trickerN an in
come lax returns. If it had not been
| for a certain set of men, pratlng loudly
about patriotism and crying for war,
there would have been no necessity
to levy the heavy burdens OF tals
bill"
/ Senator Lewis said that had "this
set of yerv wealthy men" shown hdei-
! itv and honesty in making their income
| tax returns. the government In past
wears would have had ample funds fo:
preparedness purposes.
Senator Lodge. Republican, Massa,
! ctusetts. defended the bill in reply
to the speech of Senator Lafoliette.
| Peace on the status before the war
was opposed by. Senator Lodge. VINO
declared the United States is fighting
fsr its own safety and independence.
1--WE can have no peace without
complete victory" he added. 81 don't
believe a German victory is possible.
II would make this world place not
worth living in"
! If the war continues. he estimated
that it would be necessary to take oe
ner cent of the war profits. He de-
! cIarad the country must allow profits
Va continue TO be made. that il late
Obtain additional revenues.