Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-05-01
WAR REVENUE MEASURE
READY FOR COMMITTEE
Designed to Raise Not Less Than
,5O0,0O0,000 by Direct Taxes
During Coming Year.
BITTER FIGHT is CERTAIN
Reduction Of Income Tax to 81, 900
and $4,000, Respectively, anu In
crease Of Excess Profits Tax, Two
of Proposals.
BITTER FIGHT is CERTAIN
nv Associated pr.,sI

WASHINGTON. April 30.-A war
revenue measure designed to raise not
less than $500, 100000 by direct taxes
during the coming year will he report
| ed to the Houae Ways and Means Com :
| mittec tomorrow by subcommittee.
which has been drafting tie bill in
secret sessions.
! Reduction OF the income tax from
$4,000 and $4,000 to 81 900 and $1,000
for single and married person.. re-
! spcctively. and All Increase OF the eX-
/ cess profits AK from per cent OH II
amounts over $ per cert and $4,000 to
is per cent. are two Of the subcommit-
tees proposals
The tentative bill also carries in
creased taxes OH liquor, beer, cigars,
cigarettes and tobacco. new taxes on
automobiles. soft drinks, amusement
alaces. freight and passenger traffic
and stamp tax OF wide scope
Mu"h OF the bill follows the lines
suGgested by Secretary McAdoo, bu.
many OF the most important proposals
are rejected.
FALLS MILLIONS SHORT
OF ORIGINAL FIGURE
The total OF the proposed bill falls
millions "f dollars short or the orig
nal figure of 0O,o00, 600 to be de-
rived from taxes this year
Opposition OF Representative Fordney,
OF Michigan, ranking Republican mem
Der of the committee. to raising moro
than Sl,o0o,00p,000 by direct taxes is
largely responsible for this situation.
y bitter fight on the bill in fun COM
mittec is certain Resentment among
some members aroused by the pro-
lonGcd executive meetings OF the COM
m!ttee. coupled Hith vigorous opposi-
ton to the income and excess proits
tan proposals max, storms inevi-
table
y new cloud also has appeared in
the threat of Republican member
10 demand doubling OF the present
l-cent duty on sugar
Secrecy. which has marxed subcom-
n:ttee conferences will rule in the full
co'rmittec. Unnrecedented safeguards
are being established against leaks"
Only one copy of the tentative bill for
each committeemG has been printed,
and an effort will he made to prevent
members taking them from the com.
mittee room.
There have been insistent demands
from all sections Of the country for
public hearings. but none will be held
IT present plans arc carried out
y normal tax OF per cent would be
levied by the proposed bill on all in:
comes above the proposed exemptions
Above $4,000 and $4,000 and up to
$4,000. per cent would be levied.
Surtaxes would begin at $4,000 and
continue upward.
Decision TO recommend increasing
the tax on whisky from $50 to 81
gallon and that on beer from $3.50 to
$3.50 a barrel was reached after deter
mined efforts to make IT higher had
failed
In an effort to protect the manu-
facture and smoker of cheap cigars. it
Was decided to fix "a graduated tax on
all kinds of cigars. Cigarette taxes
would be doubled
suggestion Of "a fat per cent rate
on freight and passenger transporta-
ton proceeds was rejected in favor of
taxes higher than per cent on pas
senscr tickets and per cent on
freight charges.
TAN on FACTORY
COST OF AUTOMOBILES
\ per cent tax OH the factory cost
OF automobiles and musical instruments
is recommended
Amusement places. including motion
picture houses aud baseball parks. !
would pay stamp taxes equal TO 10 per
cent OF their cato receipts Other
stamp taxes would he levied on bonds. |
certificates OF stock. agreements OF |
sale promissory notes. certificates of |
pront' memoranda OF sales, convey
ances. entries forthwith OF goods from
invoice. power of attorney,
parlor-car seats and telephone and |
telegraph messages. q