Norwich bulletin., 1917-04-12

washington, April 11.-Assurances
that the $7,000, 100000 war revenue
measure will pass the house quickly
and that consideration of new taxation
plans for raising part OF the money
viii begin Immediately were given
President Wilson and Secretary Nc
Adoo today by congressional leaders
Mt the capitol
Favorable Report by Full Committee.
INTRODUCTION in the house of the
revenue bin, authorizing $4,000, ,o00, 900
and So, ,090, 900, ,oO00 in certificates of in
debtedness, preceded an unexpected
visit Of the president to the capitol by
q few minutes. Democratic Leader
Kitehin introduced the measure with
a favorable report from the full COM
nittee and announced that debate on
1t would begin Friday morning at IL
O'Clock 1t is hoped to pass the bill
before Saturday.
Amendments Defeated in Committee
Various republican members of the
committee will offer amendments
which were defeated in committee but
they have pledged themselves to vote
for the measure, whatever may be the
fate of the proposals.
Lonsworth Would Exempt Inheritanee
Tax.
Gae b. Representative AaAzsE e Of
Ohio, to exempt from Inheritance tax
es under the measure Is expected to
develop much debate. Secretary Nc
Adoo Is opposed to it. Other proposals
expected to be offered include one by
Representative Hill of Connecticut to
raise the interest rate on both the
bond and certificate issues from IL
per cent. as the bill now proposes, to
4 per cent and another by Represent
atfve Sloan of Nebraska to limit the
life Of the bonds to thirty years. The
bin would leave their tenure to the
discretion Of the sccretary of the
treasury.
Little Opposition 70 Principal Features.
Little opposition is expected to the
principal features Of ths $4,000, SOC, 900
more than $4,000, ,0e0, 900 from the pro
ceeds shall be used to extend credit to
the allies and the remaining $2,000,-
000, 600 applied to expenditures incur
red In the prosecution Of the war by
this country.
Two Weeks to Frame Bill.
In evolving a new taxation plan for
raising revenue to meet the certificates
of Indebtedness, however, the admin
IStration leaders realize that they face
serious problem. Not only will much
publicans and democrats together. but
each side is possessed of many diff
ferent ideas that would be difficult to
reconcile. Mr. Kitchin said tonight
that he expected at least two weeks
would be required to frame a bill.
The first question is what amount of
revenue shall be raised by immediate
taxation The generally accepted plan
has been to divide equally the cost of
the first year OF the war, roughly es-
tfn1ated at from $3,750,0O0, 600 to s4,-
000, 900 between bonds and taxes,
but the president has expressed him
self as desirous of placing as much of
the burden on the present generation
as possible, and some members of con-
gress are advocating the raising of
seventy-dve per cent of the first year
needs by taxation
Congressional Leaders Determined.
Administration and congressional
leaders generally are determined that
the tax shall not be OF class charac-
ter regardless of the amount. His
tory. they say, shall not designate this
as either poor or a rich mans war.
House financial authorities are care
fully considering proposals to raise
new revenue on increased income and
revenue stamps, taxes and tax Of ex-
cessive profits and inheritances, dis
titled liquor and beers, cigars and to-
bacco, amusement places, the postal
service, soft drinks and newspaper,
billboard and other advertising.
List Submitted.
A list of suggestions submitted to
the last congress by Secretary Nc
Atfoo for taxes on interior combustibIe
engines, o1eomargarine, refined sugar,
fernented liquor, candy, glucose, talk
ing machines and their records, copper,
pig iron ana petroleum, distilled
spirits and denatured alcohol also is
again receiving close scrutiny.
Liquors and beers probably viii be
taxed millions of dollars and soda
fountains and other soft drink dis
pensaries, including the near beer"
Darlors, are virtually certain to be
assessed a share. Members OF the
committee are considering taxing
places of amusement. including NOV
ing picture theatres, on the number of
tickets sold.
Raising of Postal Charges.
Probably the most far-reaching
proposal yet suggested is that the
postal charges be raised. It has been
proposed that the present one cent
rate for drop and circular letters be
raised to one and q half or two cents
and the regular two cent rate to
three. No tax suggested, It fs argued
in favor of this proposal would reach
SO many persons and be objected to by
20 few.
Newspapers and Periodieals.
In connection with this postal plan
fm another Go tax newgpapers and peri