The Richmond Virginian. (Richmond, Va.) 1910-1920, 1917-06-11
VAR REVENUE MEASURE
SUPPORTED BY CHAMBER
Approves All Recommendations oil
AdmiYlstrataon. Including In
crease Of Postage Rates.
REDUCE INCOME EXEMPTIONS.
Would Make Married Hen Pay Taxes
On Incomes Of $4,000 Year, and
On Single Persons With An Income
Of $1,000.

Washington, June 10.-The cham
Der Of commerce of the United States,
In statement made public tonight,
goes on record in favor OF the admin
istration's plan to raise war revenue
by imp1GiSg a super-tax on all In
comes over $4,000 aS,d reducing the
exemptions on incomes under the
present income tax The chamber
also favored the proposal to increase
further the present excess profits tax.
The organization Is strongly opposed
to any plan that will make taxation
retroactive.
Altogether seven propositions MI
having to do with methods for impos-
ing taxes to carry on the war. were
submitted to the membership. COM
posed Of commercial organizations
ana business men throughout the
United States.
- All OF the recommendation made
by the executive committee tnclud-
ing the contested section advocating
a so per cent increase in tho first
class postage rates. carried.
To raise approximately $500. 900, 900
by increased individual income taxes
through certain increased super taxes
and decreased exemptions, 1888 in
favor. 3s opposed.
To raise approximately 100000
600 by additions to the present ex-
cess profits tax, 1880 In favor, 1873
opposed
TO raise 100000 by a SO per
cent Increase in the f1rst-class, 1922
in favor, 34S opposed.
To raise $25o.ooo.ooo by imposing
stamp taxes, 1872 in favor, 81 OPP
poeed
TO raise $500, 900 by a tax on
luxuries. 1912 in favor. 81 opposed.
To decrease the exemption of capt.
tai stock from $4,000 to $4,000.
favored by Lip, opposed by 1913.
Suggestions Are Approved.
With regard to increased super
taxes and decreased exemptions in the
first question submitted. the member
ship approved the suggestion of the
administration to reduce the exemp-
ton on incomes OF married people
to $4,000 and of single persons to
$1,000. 1t was also recommended
taht the super-tax should begin with
one per cent on incomes of $4,000 and
gradually rise to forty per cent on
the largest incomes. At present the
super-tax does not apply until the
income reaches $4,000 and. beginning
at one per cent. ii only runs to t1ir-
teen per cent
The body recommended that local
boards of referees be appointed to be
composed of qualified accountants to
review appeals from preliminary as
sessments and to report their findings
to the secretary OF the treasury. To
lessen the number Of appeals on triv-
ial grounds, the cost OF all appeals
should be paid by the petitioners.
The committee which made the
recommendations IN the war finance
referendum follows:
wallace D. Simmons, ct, Louis,
president of the Simmons Hardware
Co. chairman; r. 8. Adams. New Ha-
ven. professor OF political economy OF
Yale; John f. Farwell. president John
Farweil company. Chicago: Edward
A. Filene, Boston. president of Will
liam Filene Sons. and p. w. Goebel.
president Commercial National. Of
Kansas City, Kan.
Also John H. Gray. head Of depart
ment of economics, University Of Min
nesota; Edward ID. HHrfbut, Chicago.
president OF the Merchants Loan and
Trust company: Stoddard Jesse. presi-
dent OF the First National bank, Los
Angeles. Hugh Mex. 'Landon, mer-
chant, Of Indianapolis; Robert F.
Maddox. vice-president of the Ameri-
can National bank, Atlanta: Samuel
McRoberts, vice-prcsident Of the Ma
tional City bank. New York. and OIL
yer M. D. Sprague, professor OF bank
ing and finance in Harvard university.