The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-09-19
YEARS WAROST
PUT AT s0ILLIONS


orders banning IN manufacture Of beer
and near beer Itch will cut practi-
cally one-tenth oie revenues from the
bill about TO bsassed by the House.
has placed upo, onSress the necessity
OF not only mig up the taxes lost
through sudder oppage of the taxes on
beer and beer itations but of making
provision to for the new demands
OF the war mhs pranch.
The basis on which Congress and
the Governp. mas been proceeding In
its war enditures. approximatng
them at sD00,000,000 annually and
paving othird In taxes and the
other twiirds in bonds, has been
swept aw II 1t Is possible to spend
the mon, demanded for winning the
war ans the War Department has
asked Z, almost all of the big def
ciencv provided In cash, the basis Of
yearly penditures will be close to
$40, ooco.ooe.
II tpolicy of paying for two-thirds
Of thamount through bond sales Is
follow no less than 10000. 900, 900 in
bond>uSt be disposed of before June
40 : and during every fiscal year
therter that the war lasts.
r big problem everything taxation
anlond sales generally Is that II tax
atits pushed very much there will not
bIfficicnt money left In the hands of
iriiduals and corporations with which
tuy bonds.
Finance Committee's Policy.
he Senate Finance Committee will
proceed to actual work on the reve-
|e bill until the Administration reaches
|me solution Of the problem 1t has be-
Ire II. The committee will demand to
low just what 1t has to provide before
tempting to provide it 80 as not to en-
'unter new and startling Developments
hich may again upset the whole reve-
ne and finance plans Of the Govern
ent. The committee will also want the
that whatever money 1t Is
lally decided to provide can actually
, spent. The committee Is not averse
levying consumption taxes and the
lggested sales tax.
Indignation at the Executive course In
ltting the ban on still another large
venue producing article was freely
tpressed at the Capitol. particularly by
lose responsible for providing the funds
it'll which to defray the war expendi-
res The ban on beer manufacturing
tipped off big amount of revenue
bout s240.000.000 year-and with
rear beer" and similar drinks prohib-
ed II is estimated that 1t will mean an
nnual revenue loss of $500, 100000.
While the executive branch Is not
AIMED for the "bone dry';erid to the
'od production stimulation bill, which
III cut off more nan $1,000, 100000 in
.venue after 1t goes into effect, the
embers of Congress feel that they have
just grievance in kicking against con-
nually knocking out the possibility of
venue from other sources.
The temper of the House is to pay no
ttention to anything but passing the
svenue bill and then let the Senate
ork out new taxes TO take the place OF
lie taxes swept away by Executive or
err.
The supreme blow. as far as Congress
concerned. came in the demands from
ne War Department for more than
.347. 600, 900 additional to carry on the
ar until the end of me present fiscal
ear. This Is an even more serious
tuation than depriving the revenue bill
Z one tenth of its revenue raising power.
II the demands on the Treasury &C
Tally amount to $4,000, 100000 instead