The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1917-07-29
Agree to Increase on Incomes
to Supply Greater Part
Of Deficiency.
N EARS $4,000, 900, 100000
Will Leave Task Of Raising
Balance Of Seven Bill
lion to House.

Washington, July o8-The senate
finance committee reached a tentative
agreement late today to revise the
present $1.s7o.00o.oOo war tax bill SO
] ns to raise at least s1.943,Ooo,o0o, the
larger part Of the increase to come
from higher income taxes.
Members OF the committee said to-
night It Is possible the total of tho
bill before 1t gets to the senate will he
/, $4,000 100000. According to the pres
emit plan. about $23o,oOo.oOo Of the in
crease will be obtained through higher
income tax rates-s70, 000. 900 for the
individuals and the rest from corpora
lions. The committee figured on an
Increase In the normal rate on ind-
viduals from to s per cent aand on
corporations to 6 per cent. The rest
OF the increase may be obtained by
increasing the excess profits tax and
by consumption taxes on sugar, tea
coffee aand cocoa.
Over Billion From Incomes.
Under the program, sl,osa. ,oo.O
would be the total levy this year from
incomes. The present law yields 5000
100000. The pending bill originally
was designed to increase this by $5a2.-
100000 ana the s230OOo.Ooo additional
1t Is now proposed to levy would raise
1t over the billion mark
Leave Big Task to House.
The senate committee will confine
its work for the present to the pres
cnt war tax bin and will leave to the
house the task Of raising tho rest of
the $4,000. 100000 the administration de-
sires. Whether the house will prefer
to authorize $4,000. 100000 in bonds or
treasury certificates to supplement the
$2.000,O00,000 the senate is providing
will not be determined until next week.
The income tax increases proposed.
Chairman Simmons announced tonight.
represent the consensus of the COM
mittee's opinion. They probably will
stand, as the committee was ready to
formally vote on the upward revision
late today. but deferred final action
until Monday"
viii Expedite Action.
The decision today'to leave TO the
house the task of providing $4,000, 900
600 additional promised greatly to ex-
pedite senate action on the pending
revenue bill. Senator Simmons said
the committee plans to report the bill
to the senate for debate the latter part
of next week.
Senator simmons said tonight there
is no immediate necessity for the SEN
ate to consider revenue questions be-
yond the bill. 'rhcre NAV he no ne
cessity of further revenue meas
until the December session." he said.
with the pending bill there are ample
funds to meet all calls until December"
Put Burden on Incomes.
The committees agreement to in
crease income taxes by $3.50, 900 900, in
creasing the pending tax bill from ST.
G1o,00o,000 to at least 81 .942, 900, 900, was
said to be based upon the belief that
the bulk of the increase should come
from incomes rather than war profits.
already heavily taxed in the bill.
The committee gave much time to
discussing reconsideration of the
amendment. already written into the
bill, levying Il tax of Is per cent upon
corporations undivided Or undistrlb
ed surplus. There was much opposi-
ton to changing this section.