The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1918-09-21
HOUSE PASSES
war TAX BILL;
WORLD RECORD
Budget, Largest in History Of
Any Nation, Now Goes to
Senate.

WASHINGTON, Sept. Il. Inc
House late Friday passed the war rev.
enue bill. designed to raise by taxa
ton approximately $S.1S2,OOO,0OO OF
the twenty-four or more billions need
ed by the nation for the current year.
The huge budget, said to be the larg-
est OF it's ind in the history OF any ma
ton, now goes to the Senate.
Passage OF the bill was unanimous.
A formal roll call demanded by Major
ity Leader Kitchin, recorded $50 yeas
and no nays, which announced by
Speaker Clark, was greeted by roar
of cheers and applause.
All possible speed in the bills
course through the Senate is assured,
according to leaders, the Senate f.
nance committee having concluded
formal hearings. Desire for the bills
enactment before the November cleo
tons has been expressed by leaders
OF both houses, but this is considered
doubtful.
Few Amendments Offered.
Consideration OF the measure by the
House today prior to the vote was
brief. An amendment by the House
ways and means committee, which
drafted the bill. extending the deple-
ton allowances to gas and oil wells
and mines to include timber and
other natural deposits" was adopted.
Representative Moore OF Pennsyl-
vania, Republican, renewed his propo-
sal for q committee to supervise war
expenditures, but it was disposed OF
on q point of order as was another
amendment offered by Mr.. Moore for
q House committee to investigate
means OF preventing wasteful expendi-
lures.
Representative Good of Iowa, Re-
publican, made a vigorous, but futile,
Aght for his amendment to provide
$500 exemption from income taxes
for persons serving in the military es-
tablishment overseas instead of limit
ing the exemption as proposed In the
bill to government salaries. A substi-
tute amendment by Representative
Austin Of Tennessee, Republican, to
exempt all privates from income taxa
ton also was rejected.
Wine Growers Lose Out.
An amendment in the interest of
wine producers drafted and approved
fered by Representative Kahn OF Cali
cause OF objections by Representative
Stafford Of Wisconsin. Republican. 1t
is provided that wine growers could
non-alcohol beverages.
Just before the final vote, Repre-
sentative Longworth Of Ohio, Repub-
lican, characterized the bill as a
mighty good job, and said it would
show that the American heart is
grimly set on carrying the war
through to the finish and is the best
answer the American congress can
give to the whining peace proposal
from Austria"
Major Features Of the 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 II per cent,
with the first $500 at 6 per cent and
exemptions Of $1,000 for single and
$4,000 for married persons-$414, 000,-
OOO
Individual surtaxes on incomes over
$1,000; present ranges Of 1 to IS per
cent. increased to from to SO per
cent.-$1 ,06s, 900. 900.
Corporations incomes increased
from s to Is per cent, but with only
IL per cent payable on dividends dis
tibuted, debts paid and new Liberty
Bonds bought-$S94.O0 100000
War and Excess Profits Of Corpora
tions-Eighty per cent on war profits
and virtually doubled rates on excess
profits ranging from 35 to 70 per cent
1920, 100000.
Beverages. present rates doubled
$1.137,600,O00.
Tobacco, present rates doubled
$341,204, 900.
Luxuries and semi-luxuries, 20 and
10 per cent.-$272, 555, 900.
Other excise taxes, including auto
mobile sales, jewelry, 2 cents gallon
on gasoline. etc.-S274.750,00
Use Of automobiles, IS to $50 each
72,930,000.
Amusement admissions - 0,oOo,-
600.
Besides these leading revenue
sources the bill provides a general $40
annual tax for persons In business,
trade or professions earning over ST.
500 and taxes on transportation, in
surance, club dues, Inheritance thea
tiers, brokers, mail order sales, bowl
ing. billiards and pool establishments
shooting galleries, riding academies
and documentary stamp taxes.
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