The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1918-09-21
BIGGEST REVENUE
BILL IN HISTORY
PASSED WITHOUT
DISSENTING VOTE
House Approves Tax
Measure Providing for
Eight Billions
$50 YEAS"
AND NO MAYS"
New Measure Places Chief
Burden on Incomes and
Excess Profits
(By Associated Press.)

Washington. Sept. 21-The house
date yesterday passed thr war
revenue bill designed to raise Ivy
saxation approximately $S.1H2, 900
600 Of the "A or more billions needed
/ by the nation for the current year.
The huge meaSurc-the largest OF
its kind in the history Of any nation
t.-now goes to the senate.
3 Passage Of the bill was unanimous.
A formal roll call, demanded by
| Majority Leader Kitchin. recorded
! $50 yeas and no nays, which. an
nounced by Speaker Clark. was
greeted by a roar Of cheers and APP
/ plause.
| All possible speed in the bills
course through the senate is as
Bured, according to leaders, the SEN
ate finance committee having con-
cluded formal hearings. Desire for
the bills enactment before the No
vember elections has been eX-
pressed by leaders of both houses,
but this is considered doubtful
Brief Consideration.
Consideration of the measure by
| the house today prior to the vote
was brief An amendment by the
! house ways and means committee
which drafted the bill extending the
I
| wells and mines 10 inClnde timber
and other natural deposits" was
adopted.
!; Representative Good Of Iowa, Re-
| publican, made a futile fight for his
7 amendment to provide $4,000 ex-
| emption from income taxes for per-
! sons serving in the military estab-
lishment overseas instead Of limit
! ing the exemption as proposed in
! the bill to government salaries. A
substitute amendment by Represen-
| tative Austin, Of Tennessee, to ex-
Tempt all privates from income taxa
! tion also was rejected.
| An amendment in the interest OF
the wine producers drafted and APP
proved by the treasury department,
| and offered by Representative Kahn
| OF California, was denied considera-
| ton because of objections by Rep
Eresentative Stafford, Of Wisconsin,
Republican. 1t provided that wine
| growers could extract alcohol from
wine and sell non-alcoholic bever-
ages.
, mighty Good job"
+ Just before the final vote, Repres-
entative Longworth, of Ohio, Re-
publican, characterized the bill as
! mighty good job" and said it
F
heart is grinly set on carrying the
war through to the finish and is the
best answer the American congress
can give to the whining peace pro-
posaI from Austria"
AS passed over the senate, the
principal revenue producing sources
of the measure-incomes, war excess
profits, liquors. tobacco and luxuries
were approved by the house SUD-
Rtantially as drafted unanimously by
the ways and means committee after
three months labor. Roughly, the
total tax levy doubles present re-
turns from internal revenue under
existing laws.
In the senate, mounting war eX-
Epenses and revenue reduction by
prohibition, are factors entering in
Ito revision, expected to be extensive.
E Major Features.
Major tax features Of the bill as
transmitted to the senate and esti-
MATED revenue yields include:
Income tax. individuals normal
rate increase from s to IL per cent
with the first $4,000 at per cent and
fS2 900 for married persons-$414,-
100000.
Individual surtaxes on incomes
fover $4,000; present ranges Of l to
E65 per cent increased from to SO
lper cent-$1 ,06S, 100000
Corporations incomes. increased
from 6 to IS per cent, but with only
I12 per cent payable on dividends
distributed. debts paid and new Lib
Iarty bonds bought-$894,0 100000
War and excess profits Of corpora
lSions-S0 per cent on war profits and
Virtually doubled rates on excess
profits, ranging from 35 to 70 per
Gent-S3200 600, 900.
Beverages, present rates doubled
ISL, 137, 500, 900.
Tobacco. present rates doubled
BS41, 204 900.
& Llxuries, and semi -luxuries, 20
end 10 per cent-$272, 555, 900
Other ecise, taxes, including auto
mobile sales. jewelry. two cents a
galion on gasoline-$2T4, 100000.
Use of automobiles. IS to $50 each
p-$4T2, 100000.
Amusement admissions 100000
1000.
| Besides these leading revenue