The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1918-09-11
TAX ON WEALTH At
STRA|N|N POI n I
LONG WORTH SAYS
LEVY OF 80 PER CENT. ON
WAR PROFITS POINTED TO
AS NEAR DANGER MARK
ALSO THE INCOME TAX
Additional Levies must Be Borne
BY People at Large, He Declares
Warns Against What He Al
leges AS Plundering OF Rich Class.

Washington. Sept. lO.-W ealth IS
taxed to about the stramng point
bv the new war revenue bill KEEP
resentative Longwortn OF ONO de-
clared in the house today when DC
bate on the huge war tax measure
was resumed. He warned his near
ers that any additional tax Levied
hereafter, must be borne by people
purchasing articles OF daily neces-
sitv and said that as the cost OF the
war mounts greater proportion OF
it will have to be borne by future
generations.
Pointing out that congress Is
about to exact from the American
people sum which would have
more than paid the entire cost OF the
Civil war. both to the Union and
the Confederacy, Mr. Longwor;h
said the tax OF eighty per cent on
war profits and the maXimums OF
20 per cent on excess profits, and
II per cent on incomes was mighty
near the danger mark He added
that this is bill TO raise war reve-
nue. and not re-organize society.
Alleges 1t Is "Plunder."
"Tust as surely as you impose
a tax which amounts to plumbers
said the Ohio representative. lust
so surely do YOU overshoot the marx
and render difficult ii not Impossible
the financing necessary to effective
" prosecute the war.
Most Of the coming issue OF LIB
ertv bonds, Mr.. Longworth SAID
will be purchased by individuals,
and their purchasing power will be
affected directly by the taxes or
their incomes. Although he and
other members had doubted its pos
sibility, the ways and means con-
mite. Mr.. Longworth continued,
had succeeded in framing bill de-
signed to raise $S,00OOOO,UOO by tax
alton without resort to consumption
taxes and increased tariff rates.
These remain. he added, as addition
al sources OF revenue III case some
OF those now counted upon are de-
stroved bv legislation or otherwise.
AS To Consumption Tax.
Contendng that the president ;
order stopping the manufacture OF
beer after next December !, VIII
cause a loss Of $5000OO 900 in rev
enue under the new war 'aN bill,
MIR. Longworth laid congress may
be forced to impose consumption
taxes sooner than had been eX-
pected. In that connection he sng-
gested tax OF seven cents pound
on coffee, 25 per cent on tea, 10 per
cent on rubber, 20 per cent on wool,
Is per cent on hides, and | per cent
on sugar. He estimated these would
Weld $240,000000 annually.
The Ohio representative also
warned that the proposed wartime
national prohibition legislation
would reduce the estimated revenue
returns from beverages by 81 ,90O,-
100000 which, with the lost revenue
on beer from December |, until the
national prohibition measure DC
comes effective, would reduce the
estimated revenue under the bill 10
So000000,UC0.
Although criticising some OF its
features, Mr.. Longworth commend
ed the bill as 4 whole as vast I'M
proyement over the old law.
Raps Ford's Son.
In concluding, the speaker por-
trayed the conditions under which
the German people, gagged and
bound, pay bloody tribute 10 the
insatiate ambition OF the house OF
Hohenzollerns," and said that no
citizen OF the embattled nations. not
even the son of the great pacifist
Henry Ford. is more surely immune
from bodily HARM" than are the
German emperor's six sons, who
will be preserved undamaged ior
posterity.'
Sons OF the presidents OF the Unit
ed States, ne said by comparison,
have been less timorous.