Evening star. [volume] (Washington, D.C.) 1854-1972, 1918-09-21
HUGE REVENUE BILL
PASSEDBY HOUSE
Measure to Finance Nation
During Present Fiscal Year
Largest in History.
APPROVAL VOTE $50 TO 0

Passed unanimously by the House
late yesterday-350 to 0-the largest
revenue bill in all history. designed
to provide 1s2.0o0.0 900 to finance this
nation during the present fiscal year
of its war activities. was sent to the
would be pushed through the upper
house with all possible speed.
AS passed the bill was not amended
in any particular to which the ways
and means committee, which drafted the
measure, objected.
The unanimous passage Of this bill
is taken by official Washington as an
other message to Germany that the
war will be prosecuted to a triumph
ant-end, regardless Of cost, burden or
sacrifice.
by members as to what the Senate
may do in revising the bill. but the
general view is that it will be passed
with few important changes. How
soon the Senate will act is not SO GER
tain. and some doubt is expressed as
to whether the bill will reach the
President before the November cleo
ton.
Quick Action by House.
Consideration OF the measure by the
House yesterday prior to the votes
was brief An amendment by the
House ways and means committee
which drafted the bin. extending the
depletion allowances to gas and oil
wells and mines to include timber
and other natural deposits" was
Representative Moore Of Pennsyl-
vania, republican, renewed his pro-
posal for committee to supervise
war expenditures But 1t was disposed
Of on point Of order as was an
Moore for a House committee to in
vestigate means of preventing waste
full expenditure.
Representative Good Of Iowa. re-
fight for his amendment to provide
$500 exemption for income taxes
for persons serving in the military es-
Establishment overseas instead of lin
iting the exemption as proposed In
the bill to government salaries. A
substitute amendment by Represent
alive Austin, republican. of Tennessee,
to exempt all private soldiers from
income taxation also was rejected.
Favor to- Wine Growers Denied.
An amendment in the interest Of wine
producers. drafted and approved by the
Treasury Department and offered by
Representative Kahn of California, was
denied consideration because Of objec-
lions by Representative Stafford Of Wis
consin, republican. 1t provided that wine
growers could extract alcohol from wine
al
Just before the final vote Representa-
tive Longworth Of Ohio. republican,
characterized THE bill as "a mighty good
jcb," and said it would ''Show that the
American heart Is grimly set on carry
| ing the war through to the finish. and
| is the best answer the American Con-
gress can give to the whining peace
proposal from Austria"
AS passed over to the Senate, the
principal revenue-p producing sources OF
| the meaSure-incomes. war excess prof.
| it's, liquors. tobacco. and luxuries--were
approved by the House substantially as
drafted unanimously by the ways and
means committee after three months
labor Roughly, the total tax levy dou-
bles present returns from internal reve-
nue. under existing laws.
In the Senate mounting war expenses
and revenue reduction by prohibition
are factors entering into revision and
expected to be extensive Much Senate
sentiment exists for reduction of the
bills aggregate levy, while Secretary
McAdoo already has disapproved any
substantial increase.
Major Tax Features Of Bill.
Major tax features Of the bill as
transmitted to the Senate and esti-
mated revenue yields include:
Income tax:
Individuals normal rate increased
from to IL per cent. with the hrst
$4,000 at 6 per cent and exemptions OF
$1,000 for single. $4,000 for married
persons .000, 900.
Individual sur-taxes on incomes
over IS 200; present ranges OF ! TO 65
per cent, increased from to 63 per
cent-$1, 06s. 000, 900.
Corporations incomes. increased
per cent payable on dividends distrib-
uted, debts paid and new liberty
bonds 200. 900.
War and excess profits OF corpora
tions: Eighty per cent on war prof.
its and virtually doubled rates on ex-
cess profits. ranging from IS to 20 PEI
cent-$3, zoe, 200 900.
Tobacco: Present rates doubled
Injuries. and semi-luxuries: Tween
ty and 10 per cent-$272.555.00o
Other excise taxes. including auto
| mobile sales. jewelry, cents gallon
on gasoline. etc.-$274.750.000.
| $72, $4,000.
Amusement admissionsI$1o0,00 900 900
General Annual Levy.