The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1917-09-04
Group Arrayed Against the Fin
ance Committee $ Scheme Are
Able to Muster but 12 Votes on
the Hollis Amendment.
LA TOILETTE s PROPOSAL
OF CO., LEVY is REJECTED
His Plan Was Designed to Raise
Not Less Than $1,000, 900, 900,
TO he Taken from the Pockets of
Those Making Fortunes.

Washington. Sept THE group |
fighting the finance committcc's 4
scheme Of war profits taxation was
defeated again today when the SEN |
ate rejected Senator Hollis proposal
tp strike out the finance Committcc's =
new compromise provision extending !
the war profits tax to peace profits
over 90 per cent estimated to- raise !
Si-N. .0o0. .0oU additional
Immediately after disposing of Sem
ator Hollis proposal the senate re-
icctod. so To- rs, an amendment by
senator LaFollette To levy flat in
crease of go per cent on war profits.
designed to raise not less than ST.
500. 600 600
The overwhelming vote - to IL.
, ON the Hollis proposal was taken To
make virtually certain that the new
excess profits tax p. ovision would hc
! finally retained. Several senators who
/ have voted for higher war profits tax
/ alton did not support the Hollis pro-
posal
Those supporting laI Toilette.
Those voting for the faFollcttc go
/ per cent amendment were Borah.
Brady, Gronnn, Hollis Husting, John
son Of California Jones of Washing
] ton, Kenyon King Kirby. LaFollcttc.
! Ncliellar. NcNury. Meyers Nurris
. Thompson. Trammcil and Nardamau.
/ lu opening today's debate. senator
! LaFollettc agreed To- withhold tom
. porurily his amendment for fiat in
/ crease of $50 per cent and discussion
J proceeded ON a proposal boy senator
It1 . no
war standard. hccausc he contondod II
would be physically impossible to
make ncccs-ary valuations on basis
accurately rctlocuus the war develop
meut.
Hollis Advocates BU Per rnt.
\ graduated tan plan was opposcd
hy senator Hollis. VINO contcuded at
least 60 per cent of war profits should
bee taken hy the government
The btl should bc increased 90 at
least fiuuu.uuU.puU without amy in
Justice. he argued.
Opposing 70 senator smooth ur-
pucd ~ would allow some ~ the I4rE-
est excess corporate incomes to o--
cape taNutlou some the Utah scua-
tor declared. made soc to 500 per
cent profit, during the prr-War period
year. aud therefore unless lu excess
tax we're adopted. they would ESCAPE
J federal lew n made ON war profits
alone
Poor Taxed To the INIT
The senate then took up senator
Hollis amendment tu lov, @ flat rate
uf go per cent uu war profits. Sem
atur Kenyon ~tiJ he would support
10 and added that the people would
pass Judgment nu the line oi ,ioay-
age" m the senate.
Declaring that poor people simply
cannot stand amy more taxation,
the Iowa senator said those chtm-
pioumr the rights of the mJs,rs had
been pillur.od as dcmrEogucs.
"But men can stand on thi- floor
and burn tncruSy To the captains of
industry without being charged witt
being d,maEoruos he added
when the pcoplo came to q CLOSE
analysis ut the siturtiun and reason
Why congress hls couscriutcd vpBlu
only q httlc over 30 per cent { won
der 10 this VIII ue such % popular
. bin when th" people como '" n
Vuirc whether the money ot lutoc
racy is moro sacred than th. lNr
ui democracy yuuu find out how
, popular tins nllI VIII be-. Il wuuI,
be- a good thlur if congress would g1
- iuuru FOR ten days ana go homo au,
g t,Ik it over with the FOLKS
o The amcuCmcut hy SENATOR Holu
(. fut e flat increase OF 90 per cent oi
war profits h',r met the .lur ftu
J- preceding proposals Il was re
I lectcd .2 tp lS