The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-08-16
PROFITS TAX PLANS
DELAYREVENUEB BILL
Measure Cannot Be Passed
Before Next Liberty Loan
Campaign.
KITCHIN BLAMES McADOO
Advocates Of Raising Excess
Earnings Rates Are Becom-
ing Less Insistent.
Specidl Despafch TO Tns suN.


Special Despotch TO Tns Sun.
.,'. ~,
'porons tne ne" revenue Dill on ''"'e
went glimmerlng to-day, when Chairman
,,,,,,.. ,,,,,,., 49,. Al. s,,,u,,,,. -,
tho exces. nroe,s r,,es would no,tpons
s.,..,. A., -. =, III.
""''''"s oie measure anu 'hA' IL n.e"'
not reach the House until August rs.
The committee did not get very far to-
dsv +ov,rd commemorative IN. w,de,v Al
.,
Verseht plans OF chairman iNitcnih ana
Secretary McAdoo on the subject OF ex-
cess profits taxation. Al the conclusion
of the meeting where DR. r. s. Adams
and Commissioner of Internal Revenue
Roper were heard. Chairman Kitchin de-
clared that eventually the committee
would report bill which would have the
full Endorsement Of the Treasury Depart
ment.
Sounding out sentiment In the COM
mittee indicated that -fhose close to
Chairman Kitchin apparently have aban-
doned their fight to impose a scale of
80. so and so per cent. on excess profits
These members said they believed the
committee would raise sone of the lower
brackets Of the tax and not disturb the
higher brackets at ali. Others Of the
committee insisted that this was ridicu-
lous and that the lower hrsckets Of the
nresent excess nroflts tar rates are suf-
f,cientIv high
Compromfse Is ExuecteA.
there will be compromise between the
the committee ana Il 10 now strongly
Indicated tbat tbe cornro,n,.e rien
when written into Tho new law vii he
FAR rIoser 70 tha -Tro,s, .nsoe.ttons
than to tho K;tch,n nIan
Comniss,oner Ronar before tha rom.
n,itts. to-day asLa5 ,hot tha onnronri.-
t,on sor az p,roa,, - Jn.or,,ai 49,.
bo ;rcre. sod trnr, az snn 200 go go ",
sss noo onn rhra,,.,, 49,. ,,,s,,. -
ooo 49, aa,a an Vi" 10 nnooun,ants
~ o,d =, ''.',,5 ,.,. ~ 49,
$500 mou NC posso III .ne
A. ~. , oaoN .IN a au,, VII
-, piVposeu o.I.on uo, las
n .o,e nan 10 po 's AZ pesen. rms
"a" ' nc ~, was uspu.eu os sone ,hen-
oers 81 the oo'hH'I.tee, ou. Mr; Nltchln
sa,u ~ was very propaoie tnaI the money
WIN u oe slah'eu.
ne ,aiiure Oh tne coininlttee 10 nnisn
ne WIZ vi u,ae' uue prlhcipaiiy 10 tne
cohlIoversy win the treasury depart
III. oei VIC Ine'nou vi .ahs VA
pronts, means nat the request OF tne
huiiiIhistra tioh mat tne Dill De OUT Vi
.ne way peLore tne next hoerty Loan
VI, aritr Is s'ar'eu csi',os % Sonhpneo WIN
ny Sonsress' Inc pianhe lot tnis uelay
Nr' hitcnh apparehl'y puts OH Mr'
McAooo'
" McAooo'
"Mr. McAdoo was to appear before the
committee on August g." said Mr..
and the excess profits and war tax parts
Of the bill could not be finally settled
without hearing the Secretary of the
Treasury, particularly in view of the
some members of the committee"
hhe finance committee piainiy mas
inuicateu 'nat IL CONSUMERS an Se'ouo .ooV,-
VVo revenue measure 100 large TO De
hurrieu through Wltnout careiui inVesti-
eauoH. senator Fenrose 'fa.) Indicated
to-day tnat the FINANCE committee
would require iour weeks on the meas
ure, ana after that II Will nave to be
discussed ana passed py the senate.
Ih.n VIII follow the conference be-
tween tne Two houses OF Congress
hsn' may coihe IN INC ways ana
Means Ionini.tee on the question OF the
larht before Ihe oiIi Is competed rep
, n roIuhey MEN,. rankine
,.opuu''il .iiei,oe' q lhe coirihi'.ee'
oto'sn' up 'ouay 'ne aues'ioH Oh I'M
pos'ns ALI as part Oh
~. NJ. NV .isI an, III. $500 uiscusspn
D. ons 'ae appoint
siS s. ~ ~ n u,''g To- o. nve 70 con-
,,,,, .Ise - VI ."e nve
nnra,s ond t .n ,,nfa,nrahis 80. az EN- EN-
.,,au,. - 81, rs. po,e w.