Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1918-09-21
REVENUE MEASURE
PASSED BY HOUSE
AMID APPLAUSE
Greatest Financial Bill in
History of Nation En-
acted in Congress.
IS DESIGNED TO RAISE
TOTAL OF $8,OOO,OOO,OOO
Not a Dissenting Vote Is Cast,
While $50 Favored It's
Adoption.
ACT NOW GOES TO SENATE
War. Excess Profits, LuNuries and
Amusemcnts Will Contribute
Greatest Portion Of Huge Sum.
is DESIGNED TO RAISE
TOTAL OF $8,OOO,OOO,OOO
act NOW GOES TO SENATE


WASHINGTON. September 20-The
House late to-day passed tho war rev
cnue bill. designed TO raise by taxa.
ton approximately ss,ls2. 900 OF the
$4,000, 100000 or more needed by the
nation for the current year. The huge
measurc-thc largest of us kind in the
history OF any nation-now goes TO
the Senate
Passage OF the bill was unanimous
\ formal roll call, demanded By Ma
}orlty Leader Ktchin. recorded $50
yeas" and nays which. an
'cunced by Speaker Clark, was greeted
~ roar OF cheers and applause.
All possible speed in tn. bills course
trough the Senate Is assured. accord
ing to leaders, tho Senate Finance Com
uEs. Desire for tho hill's enactment
before tho November elections has been
expressed ny leaders OF hoth houses. but
ihtS il considered doubtful.
Consideration of the measure by the
Housc to-day prior TO the votes WAS
brief. An amendment by the House
drafted the bill extending the deple-
lion allowances TO gas and oil wells
-nd mines to include timber and other
K.presenta,ive moore. Of Pennsyl.
vania. Republican. renewed his propo-
Al for committee TO supervise "ar
point Of order. as was another amend
.n,cut offered by Mr.. Moore. for House
committee 10 investigate means Of pre-
venting vastcful expenditures.
Representative Good, of Iowa. Re-
publican, made vigorous. but futile.
tight for his amendment to provide So
persons serving in military establish
ments overseas. instead OF limiting the
exemption. as proposcd in the bill. 10
government salaries \ substitute
amendment by Representative Austin,
Republican, to exempt all privates from
income taxation, was also rejected.
AMENDMENT REGtRDING
WINE PRODUCERS DENIED
An amcrdmcn, In tho interest Of
vine producers was denied considcra-
tion because of objections by RcprcSen-
tativc Stafford, Of Wisconsin E"pubii-
conid extract alcohol from wine and
sell mona lcoholic beverages
lust before the hnai vote Eenrssen-
i.i!rc T,ongworth, Of Ohio, Republican.
characterized The hill as "a mighty
GOOD job" and The best answer the
American Congress can give 70 N"
whining peace proposal from Austria.
AS passed over to the senate. the
nr,ncipa! rcvcnueproducinE sources OF
rhe measnre--incomes. war excess
nrnfits liquors. tobacco and Injuries
were approved by the House substan-
tally as drafted unanimously by tho
Ways and Means Committee after three
months labor. Roughly. the total tax
levy doubles present returns from In
,ernai revenue under existing laws
In the Senate. mounting war ex-
hibition arc factors entering into re-
,ision. expected To he extensive Much
senate sentiment exists Tor reduction o.
INC bills aggregate levy, while Sec
retary McAdoo already has disapproved
any substantial increase
iiERF: ARE THE MAJOR
FEATURES OF THE BILL
Major tax features OF the bin, as
aA IN
Income tax: individuals normal rate
increased from : TO per cent with inc
ions Of 81 900 for single and $4,000 for
married persons--s4l4.ooo,o ZOO.
Individual surfaces on incomes over
cent increased from to So per cent
Corporations incomes increased from
to is per cent but with only - per
cent payable on dividends distributed,
debt. paid and new Liberty bonds
bought--SSa4.O0o.o 600
,.ons-so per cent on war profits and
virtually doubled rates on excess
profits. ranging from % to 20 per cent
beverages. present rates doubled
Tobacco, present raic doublcd-S3tl'-
i.uxuries and scmiluxurics, IS and 10
per cent-so72 900.
other excise taxes. including auto
mobile sales. jcwclry. cents gal
ion on gasoline. ctc.--S2TiI5o.0 600
Use OF automobiles. 81 10 $40 each
s7o.93o.ooo
Amusement adm iSs ons-- 81 n0. 200. 600.
Eesides these leading revenue sources,
the bill provides a general $40 annual
tax for persons in business. trade or
professions earning more than $500.
and taxes on TRANSPORTATION. insurance,
club dues. inheritance. thcaters. brok
ers. ma i1-order sales. bowling. billiard
and pool establishments, shooting gall
leries. riding academies and docunrn-
tary stamp taxes