The Bridgeport evening farmer. [volume] (Bridgeport, Conn.) 1866-1917, 1917-05-24
REVENUE BILLS
PASSED.; SENATE.
WILL RECAST IT
Large Income Surtaxes
Pass-Defer f inal Ac-
ton for Month.

Washington. May 24-The House
yesterday passed the war revenue bill
to raise $500, 100000 by a vote of
329 to IT, four answering present"
when their names were called. A
motion by Minority Leader Mann to
recomn1it the bill to the Ways and
Means Committee was lost by 246 to
ISL.
Separate votes were taken on the
Lenroot amendments increasing GER
tain income surtaxes rs per cent
above the recommendations of the
committee, the Doremus amendment
providing that the tax of per cent.
on gross sales of automobiles should
not be levied until the business makes
per cent. on it's capital stock, and
on the Kitchin amendment placing a
gradual increase in postal rates on sec
ond class matter.
The Lenroot amendments were ap-
proved by vote Of 345 to 60. The
Doremus amendment was defeated
233 to ia, thus leaving a tax Of S
per cent. on gross sales. The in
crease in postal rates was approved
256 to $50.
The bill will be ready for the Sem
ate Finance Committee today, when
it will be taken up for consideration.
That it will be entirely rewritten be-
fore 1t passes the Senate is certain.
Final passage, it is thought, will be
delayed a month One of the most
important changes being considered
by the Senate Committee is the elm
ination of the Excess Profits Tax.
It is contended that it falls short
Of it's purpose and leaves too much
opportunity for Juggling the capi-
tai stock upon which exemptions Of
per cent. are made. Its opponents
would prefer a tax say Of 10 per cent.
upon the net earnings of the business
instead The provision that passed the
House, it is estimated, will yield
$500, 100000.
The bill as it passed the House pro-
vides that $596,000,000 shall be rais-
ed by income taxes on individuals and
corporations, 100000 in retroac-
tive income taxes, $200,000,000 from
excess profits, .$169, 900, 900 from dis
titled spirits. $68,000,000 from tobacco
products; $222,000.O00 from transpor-
tation, light, gas, telephone service
and insurance; $115.Oo0,0o0 from au-
tomobi1es, musical instruments. jew
elry. motion picture films. sporting
goods, chewing gum, proprietary
medicines. &c, s6O.000,000 from
amusement admissions, $33,000,0 600
from stamp taxes, $6,00O,000 from
war estate taxes and SIS, 000,0 900
from increased postal rates
Upon motion of Mr. Kitchin the tar
of per cent. on advertising was
stricken from the bill. These provi-
sions are made for increasing the in
come taxes:
The lowest tax is put at 4 per cent.
on all incomes, and the exemptions
are lowered from $4,000 to $1,000
for unmarried persons and from $4,-
600 to $4,000 for married persons
Surtaxes will be collected as follows
in addition to the existing law: 1 PEI
cent. income between $4,000 and ST.
500; 2 per cent, $500 to $4,000;
8 per cent, $4,000 to $12,500; 4 pei
cent, $4,000 to $4,000; 5 per cent.
$4,000 to $4,000; per cent, $780,.
900 to $4,000; 10 per cent, $4,000
to 100000; 1875 per cent, $4,000 te
$4,000; 1850 per cent, $4,000 $780,.
900; 21.25 per cent, $4,000 to $780,.
900; 80 per cent, 100000 to $780,.
900: 1915 per cent, $3.50, 900 to 5000.
000;37.50 per cent, 100000 to $780,.
900; Alps per cent, 100000 to 81,
900, 200; As per cent, over $1,000, 900
The excess profits tax is made II
per cent. instead of 8 per cent. on thu
profits exceeding per cent. Of thu
invested capital, and $4,000.
| A retroactive tax of 1888 pc.
cent is placed on income taxes of in
diyiduals. corporations. joint stool
companies, association OF INSURANCE
companies for 1916. Levies on bever
ages, cigars and cigarettes will be ma
| terially higher. A tax of pc
cent. is placed on light and heat bill
and on telephone service, 6 per cent
| on express shipments, per cent. o.
freight shipments and 10 per cent o.
passenger transportation.
| The bill places on, the free list
large number of necessaries but levie
a 10 per cent tariff duty increas
upon a number of imports to tn
United States.
| With respect to second class posta
rates the bill makes slow increas
and retains the zone system, SO tina
the full charges will not be in effee
Il until March, 1918. First class 1ette
mail is increased from 2 to cent
lper ounce, with the exception of dro
letters for local delivery, which re
mains at 2 cents.
q A few Republicans today wit
Minority Leader Mann endeavored
kill the bill and return 1t to the Wa.
and Means Committee, but these 81
forts were defeated overwhelming
!, on roll calls demanded by Mr.. Mann.
Tonight Mr.. Kitchin declared tn
bill has the approval of the Admins
tration. He said he had compared
with the laws in foreign countries an
:, found it to be fair.
During the debate Mr.. Mann ha
this to say:
'This bill will kill the goose th'
lays the golden egg. There is in 1t
great addition to the burden of tt
people They will pay enormol
prices for food and clothing, and
will be a mistake 10 put upon tt
people the burden of the effort
raise one-half the money for the war
Representative Cannon declared
would vote for the bill as a practic
proposition. He said he would lii
, to see it change, but intended to SUI
port it because it would require te
, much time to draw up another meal
ure.
Chairman Kitchin made the fin
speech. He asked that the Hou
, "show the world no divided loyalt
) Let us send throughout the earth Il
3 fact that we. are standing togeth
> | behind this war Let us use all OF