New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-26
Senators Fight
For 80 Per Cent
Tax on Profits
7hnson, Of California, and
Others VIII Take Cues
ton Up Monday
Would ProtectIncomes
Florida Member Contends for
Limit on Lesser Amounts
of Single Men
Would ProtectIncomes

WASHINGTON, Aug. %. A levy OF
So per cent on war profits Is the real
hope Of the wealth conscriptionists IN
the Senate. After several conferences
we're held by their leaders to-day II was
decided that on Monday vote would be
demanded on an amendment whIcn
would leave 70 manufacturers just ono
nth Of the increase their profits SHOW
over the profits Of an average year
ms, rrior to the outbreak of the war
in Europe.
This amendment will have the sup
mort Of Senators Johnson, Of Califor-
MIA; Borah. Brady, Kenyon, La Fol
ls,,e Gronna and many others. II is
not a. all impossible that it will pass
but actually it is more than the lead
ers If the radical wing hope for Iney
really hope for between so and 90 per
cent However. if that amendment is
votsd down, they intend TO propose one
amendment right after the other gradu-
sIIv scaling down the percentage OF
war profits until they reach hgure
rhicb will gain majority OF the Sena-
tors.
Mich interest is centred IN the hght
% senator Tranmell, Of Florida, to
lac, the income tax exemption limits
f,om eoing so far down the line Inc
nrsssnt exemptions are $4,000 for mar
lied and $4,000 FOR single men. under
he bill as it stands the exemptions are
60 400 for married and only Sl'oVo
for single men. -, 6v.s
. .ys-ntion Of $1,000 for single men
and 81. 900 for married man
eer.tors favoring this smenomeh,I
,.,,,t on that the class Of people WIN
incomes from $4,000 20 SA,ooV' espe
c,slly i'm the large cities, have oeen nv
L.,der nv the increased cost OF lying
-,d have benefited less from the "
Raced wages than any other people'
ne, are for the most part, )ust aooNe
t,, upior labor grade, and they are
forrsd 10 Keen ID their POSITIONS Nnlie
,bsv have hsd. a. 2 general rule' heI
th.r sslsrv advances nor war pronls'
Senate Adiourns Early
81, ,orsider7.ion vas given the rev
--Y. hju by the Senate st al to-aay'
tba miner house meeting only nfteen
-,,,,fes The wealth contemporaries
vers not ready FOR their test votes
and no other greur OF Senator'S were
-e.4v 10 nrocesd with their tights.
While the high TAX advocates were
,, rcssion to-day leaders OF the + lhalIe
Co-,pi,tee also conferred toward unlt,
trr support for the majority draft o.
,h- var profits section, Division among
tbs majority Of the committee, now.
,yer caused tentative consideration o.
,pendments more IN harmony WIN
.s,tl~,ert Of senators deeiring
rba~ro nm the system Of lsvying war
r~ofts or a higher tax rate.
oTbc bin without question will be
changed and Che var profits tax con
.,derablv increased M the senate u ~
,a -ot done voluntarily by The Finance
Committee Senator Borsh declared
40 r,-nf - am positive that enough
senators arc I'M favor ~ increasing M
war proHts rate to vote on on amend
r1ert Of this character
Firsree Comm .ttea leaders we're con-
cerred over The situation and planned
70 line 90 fhe Senate membership as
Gar ss possible % prevent any drastic
increase and also toward cxpediting
action on the bill