Arizona republican., 1919-02-07
b|GGESTREvENUE
 BILL IN WORLD READY FUR VOTE
Six Billion Measure Report
 ed-Much Dissatisfaction Noted - Will Probably
 Pass With Slight Revision Liquor Heavily Taxed
 For Short Life Remaining

WASHINGTON, Feb. 6.-The six billion dollar war revenue bill, the greatest tax measure in the history of the world, was formally presented to- day in the house and will be called up Saturday. It had been six months in the making, had been passed once by the house and had been revised twice to meet the transitions from war to peace, and from a wet to a dry nation.
 Representa- tive Kitchin, democratic leader, expects the house to approve the measure-agreed to by senate and house conferees-before adjournment Saturday night, and Senator Simmons. chairman of the senate finance com mittee, will present it in the senate as soon as the house has acted. Appro- val by both houses is confidently eX- pected by leaders of both parties.
 The completed measure will not be sent to France unless the presidents departure for home is delayed well beyond the date now set for his sail ing. The president is expected to sign the bill soon after his arrival here. In the meantime the internal revenue bureau is proceeding with preparations for collecting 1919 taxes on the basis of the schedule as contained in the measure reported by the conferees. Considerable dissatisfaction with several conference provisions was evil ! dent at the capital today, after copies | of the final draft had been distributed, 1 but leaders generally predicted the ul- l innate enactment of the conferees' re- | port. Some debate in thesenate was forecast, but this was not expected long | to delay final approval.
 Liquors Pay Heavily
 About one-third of this years esti- mated federal expenses are provided for in the bill, which uniformly fol- lowed the original house plan and the peace time notifications of the senate and provides that the bulk of revenues shall be secured from incomes, cor porate and individual, and war excess profits. Large revenues also are eX, pected from intoxicating beverages un- til July 1, when prohibition Legislation becomes effective.
 Estimates of the exact revenue re- turns in prospect vary. Unofficial es- inmates published today place the yield at about s6,0S6, 100000 this year and s4,15O, ,OO0,O00 in 1920. Estimates prepared by committee and treasury experts, indicating prospective return: this year of about s6,070, 100000 com pared with about 370000,o00 iron existing tax laws, will be made public tomorrow by Representative Kitchin The s6,070, 100000 for this year is based on prospective taxes for the fisca year ending July l, next, including si9 months revenues from intoxicating liquors.
 Returns for the present calenda year are estimated by the experts a about s5,78S,000,000.
 Emphasis was laid tonight by con ferees on the retention, for the benefi of business interests, of virtually al of the so-called relief provisions o cushions in the income and war ex
 cess profits schedules. Regarde' . among the most important of these i new conference amendment, allow , ing rebates in taxes to business in | terests suffering shrinkage in valu of their merchandise, as shown by in ventories, together with allowances fo losses in construction of war building!