The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1923-05-31
TAX BILL WILL
PASS SENATE
Progressive Leaders Claim
New Bill VIII Hurdle
Senate Soon
BLAINE READY TO SIGN
AZ Assnciated Presa Leased wire


Madison, Wis.-The Progressive Re
sablican members Of the senate now
assert that they have tax measure
In the one reported for passage by joint
tcommittee on finance, that will com
kmand enough support to pass the up
Eper house. If able to weather senate
deposition, it is generally conceded
bthat any revenue bill revising the state
income tax system can easily go
Through the assembly.
BY compromising on the problem in
Evolved in repeal of the personal prop
Ferty Offset to the income tax, the
Finance committee members believe
that they will be able to hold support
Ecf the three Socialist upper house mem
sbers, at the same time that they get
1.-THE backing of three Progressiyes who
Ehave been opposed TO the Offset repeal
LIZ this proves to be the case, Conserva-
tive Republican members admit that
1hey might not be able to head off
passage of the measure with their IA
Evotes.
To File Adverse Report.
A Senator Anton Kuckuk, representing
Ethe Conservatives, announces that he
Ms going to file dissenting report as
Ia member Of the finance committee,
lScoring the tactics of the Progressives
|who drew the. new tax measure. He
Eclairns that the wishes of the Conserv-
native Republicans were not consulted.
p The new bill, through the operation
Fof which it is claimed that $14,0OO,O0O
sof revenue will be produced annually,
lis largely the Dahl bill with a revised
EeoheduleS of rates. This is the way it
proposes to change the present income
ltax law:
Repeats mill taxes for the common
schools, university and normal schools
Amounting to nearly 100000.
Repeats the Income surtax to sup
port the teachers retirement fund law
amounting to $1,000,000.
TO meet thsj deficit caused by these
Erepeals, it proposes fiat 4gO rate on
corporati0n earnings, which cannot be
Offset by personal property taxes.
Taxes stock dividends the same as
Income. ~ j
Establishes the following rates on
individual incomes:
On the first 81 900 of taxable income,
1qo. On the second $1,000 Of taxable
Income, 11a9o. On the third $1,000 Of
taxable income, 2@o. On the fourth
$1,000 Of taxable income, 21s &c. On
the fifth $1,000 of taxable income, $50.
On the sixth $1,000 of taxable income,
4@o. On the seventh $1,000 of taxable
income, 59o, On the eighth $1,000 of
taxable income, sc. On, the ninth
$1,000 of taxable income, 790. On the
tenth $1,000 of taxable income, s26.
On the eleventh to fifteenth $1,000, go.
All over $4,000, 1919.
Exemptions under the income tax
lazy remain at $500 for single persons
and $1,000 for married persons with an
increase from 5000 to $500 in the ex-
emption for each child
Division of the revenue is made so
that the state retains 50qo, the cities
get 1919 and 1870 goes to counties.
BY compromising on the personal
property offset so that any Individual
income tax payer can still Offset his
personal property tax against his in
come tax, the bill cuts off about one
third Of the Offset, according to com
mittee members.
Socialists Still Bucking.
Whlle SOCIALIST members were de-
manding complete repeal of the per-
sonal property offset, they are said by
Progressive Republican members to be
willing to accept the compromise
which leaves the offset intact for in
'dividuals.
The Progressives say that they are
prepared to present solid front on
the tax question now that the commit
tee has reported a compromise bill.
Robert M. LaFollette Jr., secretary
to Senator LaFollette, reports that the
five senators who were reported by
some of their number to be unwilling
TO enter the agreement to support a
new taxbplan, have now receded from
their stand and are ready to support
the new bill,
1t is also reported that Governor
Blaine will sign the measure if it pass
!es beth houses. He is said by some
Progressive members>t to be willing that
his bin should be relegated to a posi-
tion in the background while the new
tax measure is being pushed
The ifst2test on the committee bill
is to be taken Wednesday, june eth
tithat tinie.both sides say that they
are willing to SO to the mat and dis
posesQfsthsshGlfsone way or the other
When this is done, the end Of the pres
emit session will be in sight.