Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1918-12-20
SENATE DISP0SES OF
End CLASS MAIL RATE !.
ITEM IN REVENUE BILL

~,..--lLcCtonn tIn9ed Tron Page One
that second class publications are
granted a large government mail
subsidy" while Senator Smoot de-
clared the present zone system tends
10 foster undesirable sectonalism and
would drive many small publications
cut Of business
The Vote.
ON the roll call on adoption of the
committee amendment, thirteen dem
ocratS and twenty republicans
supported the new periodical rates,
with fifteen democrats and seven re-
publicans in Opposition as follows:
For adoption
mocrats-Fletcher Gerry, Hen
derson, Hitchcock, Jones, New Mexi-
co, Martin, Virginia; Pollock, Ransdell,
simmons, Smith, Maryland; swanson
and Underwood. Total, 10.
Rcpublicans-Bor Calder, Dill
bingham, Fernald, France, Harding,
Johnson, California; Jones, Washing
ton; Knox, Lodge McCumber, Nc
Lean, McNeary. Moses, Pages. Pen
roseI PoindeNter, sherman, Smoot,
Spencer and Weeks Total n.
Total for, "a
Against.
Democrats eckham, TIardwick.
Johnson, South Dakota: Kirby, Nc
l[ellar, Martin, Kentucky; Meyers,
Nugent Pomerene, Shafroth, shop
pard, Smith. Arizona; Thomas, Tram
NEIL and Vardaman. Total Is.
Republicans-Cu Gronna, Kel-
logg. Kenyop, La Toilette, Norris and
sutherland. Total Z
Total against %
Senators Sterling of South Dakota.
Warren Of Wyoming and Watson of
Indiana, republicans, voted for the
committee amendment Int because of
absent pairs withdrew their votes
and Senator Gay Of Louisiana, demo-
crat, announced that he was paired
and although unable to vote for the
Amendment, favored it's adoption
The substitute bill which Senator
La Toilette will advance tomorrow
proposes mainly large increases in the
war-eXcess profits rates and individ-
ual income surfaces. In lien of the
Bills levy OF 80 per cent on the excess
of corporations net income over cred
its and under copper cent of invested
capital, Senator La Follette's bill pro-
posed 80 per cent on profits under Is
per cent of invested capital Instead
of the Bills tax of so per cent on prof
its i'm excess of 90 per cent, the Wis
consin member proposes tax of co
per cent on profits between Is and
20 per cent, and 10 per cent on those
over 90 per cent.
The La Toilette substitute also pro-
poses to retain the u per cent tax on
corporation incomes, but would cut
the individual normal rate from 10 to
2 per cent and secure the bulk of in
dividual income revenue from surtax-
es. In lieu of the bills surtaXes rang
ing from | per cent on incomes be-
tween IS, 600 and Sc, 900 to 60 per cent
on those over $1,000,000, Senator La
Follette's substitute proposes gradu-
ated surtaXes ranging from per cent
on incomes between $4,000 and 81, 900
20 rs per cent on incomes over $780,
600.
From individual incomes. Senator
La Toilette estimates that his bill
would raise $l,184, 900, 900, compared
with $l,432, 100000 estimated under
the pending measure He made no es-
innate of revenue from his proposed
increases on war excess profits, but in
his recent minority report advoted Sc
curing about double the $4,000, 000,-
600 proposed by the bill from that
source.
In disposing of the miscellaneous
provision today, the senate adopted
committee amendments to give mu-
tual insurance companies the same
tax privileges as life insurance COM
panies, basng their taxes on net in
come instead OF on policies issued.