Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-04-12
WAR REVENUE BILL
TO PASS QUICKLY
Assurances Given President Will
son by Congressional Lead
ers at Capitol
CALLS FOR s7,ooo,ooo,ooo
Serious Problem Admittedly
Faced in Evolving New
Taxation Plan.
CALLS FOR s7,OOO.OOO,OoO
fBy Associated Press. J

By Associated! Press.
NASilNtiToN. April 1l-Assurancca
that the S7.ooo. 100000 war revenue
measure will pass tho House quickly.
and that consideration Of new t,Na-
tion plans for raising part Of tho
money Will begin immediately. we're
given President Wilson ana Secretary
McAdoo to-day by congressional lcadcrs
at the Capitol
introduction in the House Of the rev
cnue bill. authorizing - g. 600 900 bond
issue and 81. 900 in certificates of
Indebtedness. preceded an unexpected
visit Of the President TO the CapitoI hv
a. few minutes. Democratic Leader
kitchin introduced the measure with :;
favorable report from the full commit
tee. and announced that debate on il
would begin on Friday morning at II
o'clock. IT is hoped to pass the bill
before Saturday night.
Various Republican members Of the
committee will offer amendments which
were defeated in committee but they
have pledged themselves to vote for
the measure. whatever may be the fate
of their proposals. one by Reprcsen-
tative Longworth. Of Ohio. TO exempt
estates from inheritance taxes under
the measure, is expected TO devotion
much debate. Other proposals expected
10 be offered include one by Rcpresen.
tative Hill. of Connecticut, to raise the
interest rate on both the bond and
certificate issues from 81: per cent as
the bill now proposed. to per cent
and another by Representative sloan
OF Nebraska. TO limit the life OF the
bonds TO thirty years. The bill would
leave their tenure to the discretion OF
the Secretary OF the Treasury
LITTLE OPPOSITION
TO BIG BOND ISSUE
Little opposition is expected to the
principal features Of the 10000 600 900
bond issue.
In evolving new taxation plan for
raising revenue TO meet the certificates
Of Indebtedness. the administration
leaders realize that they face Sc.
rious problem Not only will much
trouble be experienced in getting Re
publicans and Democrats together. but
each side is possessed OF many differ
ent ideas that will he difficult to recon
cile.
The first big question is what amount
OF revenue shall be raised by immediate
taxation. The generally accepted plan
has been TO divide equally tho cost OF
the first year of the war, roughly csti-
mated at from $3.50. 900 900 TO $4,000
100000. between bonds and taxes. hut
ihe President has expressed himself as
dcsirous OF placing as much of the bur
den on the present generation as possi-
bic. and some members of Congress are
advocating the raising Of a. per cent
cf the frst-year needs by taxation.
Administration and congressional
10 adj li,.
the tax shall not he Of a class cl.ar.
actcr. regardless OF the amount His
tory. they say. shall not designate this
as either a poor or a rich mans war.
House financial authorities are con-
sdcring proposals to raise ncu rcvc-
nue. on increased income and STAMP
heritances. distilled liquors and beers,
cigars and tobaccos, amusem. nj places.
the postal service, soft drinks and
newspaper, billboard and other :,dvcr-
Using y list OF suggestions submit.
ted TO the last Congress by Secretary
McAdoo for taxes on olcomarSa.rina re-
fined sugar fcrmcntcd liquor. candy.
glucose, talking machines and their
records. copper. pig iron ai,h pctro.
lcum, distilled spirits and dcnuturcd
alcohol also is aga;n receiving close
scrutiny.
PLACES o.: AMI SE,It:Nr
MAY ALSO UI: Tt\E.D
Liquors and beers probably viii hc
taxed millions Of dollars amd soda
fountains and other soft drinks dis
pcnsarics. including tho near beer"
nariors. arc virtually certain to he as
Eontinued on Second PagcJ