Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1918-11-23
A Half Billion Dollars Cut from
Total Revenue Expected to
Be Raised Under Original
War Program
GAS AND TOBACCO
TAXES ARE KILLED
On Account Of Vigorous OPP
position by Republicans to
Fixing 1920 Rates Now,
That Question Is Passed


Washington, Nov. 22.-Reductions
aggregating $500,000,000 in the yield
from the new war revenue bill were
made today by the senate finance
committee in revising the measure
downward to the six billion dollar to-
tai for 1919 proposed by Secretary
McAdoo. The decrease was con-
fined principally to the tobacco, lux
ury, semi-luxury and other special
and excise schedules.
Among the more important deci-
sions today were elimination of the
luxury schedule proposed in the house
lill, levying 20 per cent on costly ar
ticles of clothing and other merchan-
disc and estimated to raise $1S4,750,-
0a0; elimination of the house tax of
wo cents n gallon on gasoline, esti-
aeed to yield $4,000, 900; reduction
SvbHn 10 to per cent, or about $780,
9l9.000 in revenue in rates 'on many
4cies classed as semi-luxuries and
eduction of about one-half in the
Sc rates on tobacco, o cut of about
Y a4, 100000 in revenue.
fe20 Rates Postponed
The eoatnllttts deferred decision on
sss i g;ali, ss4sssss stssS ~ .3tses aSfs Me-
Adoo, and specifically presented yes
terday by Chairman simmons, for in
cooperating in the measure specific
rates for 1890 taxation, by which the
total revenue yield would be limited
to $4,000, 900, 900. Republican mem-
bers still vigorously oppose legisla-
ton for 1920 and the committee de-
cided to pass that question temporar-
lily. Tomorrow it will resume revision
of the miscellaneous taxes with view
to cutting off another $500, 100000
necessary to reduce the whole to six
billion dollars.
In cutting the excise, or semi-lux
ury schedules today, the committee
reduced from 10 to per cent the
house rates on the following articles:
Piano players. monographs, photo
graphic films, candy, portable electric
fans. thermos bottles, slot machines
and toilet soaps and powders. The
chewing gum rate was cut from four
TO three per cent; that on hunting and
bowie knives from 100 to 10 per cent
on firearms and ammunition from
from 25 to 10 per cent, and on scuIp-
ture, paintings and statuary from 10
to 8 per cent.
Fur Tax Reduced.
Ten per cent taxes imposed in the
house bill on bathing suits and pho-
tographs or reproductions were en-
tfrely eliminated and that of ten per
cent on fur and wool articles made
applicable to fur manufacturers only.
In the excise schedule no change was
made in the five per cent sales tax
on automobile, tires and accessories
nor in the ten per cent rate on sport
ing goods and liveries, tapestries, tex
tiles and yachts and motor boats.
The ten per cent sales tax on pre-
cious stones, jewelry and limitations.
clocks. watches, opera glasses and
similar articles was reduced to five
per cent.
After tentatively deciding today
upon reduction of the amusement adj
mission taxes, the committees finally
determined. to leave them unchanged
as already reduced from the house
figures. The. principal rate for such
admissions is one cent for each five
cents paid The ten per cent tax on
club dues also was left unchanged.