The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1917-09-04
Effort to Strike Out Finance
Committees Compro-
mise Plan Fails
EXPECTED TO
YIELD $42S, 600, 900
Labor Day Session Marked
By Bitter Fight Be
tween Two Factions
q haaociated l1Fesa.l }

II ~ NDy @33HOCAaNSA AE&8as9
Washington, Sept. 4.-The group
fighting the finance committees
scheme of war profits taxation was
defeated again today when the SEN
ate voted down Senator Hollis pro-
posal to strike out the finance COM
mittee's new compromise provision
extending the war profits taxes to
peace profits over 10 per cent, esti-
mated to raise $428,000,000.
Immediately after disposing of
Senator Hollis proposal the senate
rejected so to Is, an amendment by
Senator La Toilette to levy a fiat in
crease of so per cent on war profits,
designed to raise not less than ST.
500, 100000. s..
Hot Fight Develops.
The senate spent yesterdays holi-
day in one Of the sharpest clashes
OF its fight over war profits taxation
and again decisively defeated pro-
posals of the high-tax advocates.
Senator La Follette's maximum
amendment for war profits taxes,
proposing a fat increase of 20 per
cent over existing rates, was re-
jected by a vote Of 55 TO 20. Another
by the Wisconsin senator for a 65
per cent increase was defeated SO
to IL.
The final vote on the war profits
section is to be taken late Wednes-
day, but the bilPs provision as now
written for an increase Of about one
third of $1,O60,OOQ,OO0 is expected to
stand.
But three recruits were gained in
yesterdays voting by the high tax
advocates, in addition to the seven
teen who voted Saturday for SEN
ator Johnson's maximum proposal
OF an so per cent tax. Senators King,
McKeIlar and Trammell voted for
both OF the La Toilette proposals. On
the 65 per cent increase, the high
tax strength was reduced through
the early departure OF Senators
Ashurst, Brady and Gore.
A few additions are expected on
other pending amendments for vari-
GUS fiat taxes down to 48 per cent
but Senator Borah said after the
vote on Senator La Follette's MAXI
mum amendment that the bin prob
ably would go to the president bear
ing its present total tax levy Of ST.
500.000.000.
Phases Of War Discussed.
Many phases of the war situation
were discussed during the holiday
debate of seven hours. three of which
were occupied by Senator La Fol-
lette In another vigorous speech for
higher rates on what he termed
blood profits" His remarks caused
Senator Simmons, chairman Of the
finance committee, to suggest that
the Wisconsin senator was attempt
ing to ''hoodwinlI" the senate and
provoked two hot clashes in which
both senators were declared out Of
order by the presiding officer.
Senator La Toilette contended that
the committees new plan would not
increase the tax burden Of great
but would exempt their
large surpluses. This was vehement
ly denied by Senator Simmons.
Senator Simmons declared that
under the bill as 1t now stands at
least half the corporations Of the
will be taxed more than be-
fore. the tax alone of the steel corr
porations amounting toa $1S5. 134 900
this year. while the tax to be spaid
by the Dupont Powder company will
be ten million more and that Of the,
Motors S1,500,000. The net
increase to be paid by twenty lead
ing corporations OF the country will
amount to s21,1S6,00O, he said.
Danger To BUSINESS.
Senator Frelinghuysen, opposing
the Ia Toilette proposal, said IL was
fraught with great danger to busi-
ness interests.
ITO impose such unfair taxes and
impair Industry, he said, would
make certain the victory
OF Germany
Senator Borah addressed the sen-
cnntlnl.na - PFC rwn-