The Waterbury Democrat., 1942-07-13
NEW TAX BILL
 BEING RUSHED
House Expected 10 Com pIete Action This Week;
 Total $0,25O, ,OOO, ,OOO
BY JAMES t. sHEPLEY Limited Press Staff Correspondent ]

Washington, July l3.-duP) Administration leaders hoped today that the House will complete action on the $6,250, ,000. GOO tax Dill this week
 The bill, under which 30000, ,00l Americans will pay income taxes ranging from il low of $l9 for each $i00 of earnings over personal eX- emptions to Il high of SB7 50 fl $l00 goes to the House floor today or t0~ morrow, Debate may begin Thurs day and Il final vote Is hoped for by Saturday night.
 If the legislative drhttefs have completed their work the ways and means committee will meet this morning to report the bill to the House it noon. If the drafting is not completed it will be reported tomorrow.
 Pressure for n rule that would per- init amendments from the floor Ld increase the amount of the bill ap- Deared To have dissipated. IL gener- ally Wns assumed thaL the rules committee would provide for the new taxes to be considered under the customary gag rule prohibiting re- vision,
 The ways and means committee completed consideration Of the biil late Saturday after hn llth hour ups set that showed the measure dn- other $i 900, 100000 toward the eras- urys' goal Of $B.700, 100000 by in- cieasing the new levlfs on corporate income,
 Draws On Everyone
 As 1t stands the new tax bill draws on every segment of the American people to help meet the costs of the Whr-costs which already have reached S22b, ,000. 100000, eight times more than the United States spent in World War l.
 The bill will go to the House floor without the approval of five members 0t the committee who voted against it because of revision of the corporation thHes, They were Reps, John w. Boehne, D., Ind, Wesley Disney, D.. Okla. A, Willis Robertson, h.. Va. Richard Duncan. D., Mo, and Harold Knutson. E, Mon, They plan to file fl supple menthfy report z
 Not only will the new tax bilI's reach taf funds To fight the war be felt in the earnings of indiyl- duals and corporations but most consumers goods not deemed ntees7 sltles of life will pay heavier ea- HigH taxap thbn HUHl hEfApH
 The tax on cigarettes was in- creased by the committee by half cent Ii package, Another 30 cents was added to the tax on Il quart 0t liquor. Cig9r and pipe smokers will pay higher federal Lax, Telephone bills will carry Il 10 instead of six per cent tax, telegrams will pay h instead of 10,
 A five per cent tax must be paid with each bet ,s.l. e.a~n at t,4e pai!- mutuel windows, Shipments by land. water or air will carry a five per cent tax,
 Pay As They Earn
 From each wage, salary or divi- dfnd check will be deducted five per cent of the amount ln excess Of fixed personal exemptions, The exemp- ton for single person Is $ll a week, for a married man, A26 ana for each child or other dependents, S9b0,
 The present four per cent normal tax has been raised tg six per cent, Personal exemptions have been low cred except for officers and men of the armed forces, to &b00 single and Sl 200 married Soldiers, sail gra and marines will retain the present @7h0 single and 4l BOO mar ried exemption, Fly that ditferentihl buck priyates missed paying sl4 q year income tax under the new $50 pay law.
 The new sllrLaK rates will arrange from l3 per cent of the first s2000 of taxable income to B2 B2 per cent on all over sa00.000, Corporations wilt continue to pay q A per cent normal tax, Under the Gemmitv tees last minute revision they will pay a 2i per cent suftaK instead of the tentatively approved i6,
 The excess profits rate was Te- dHGed Saturday from e4 to B7 l-2 per cent but the IA per cent refund which corporations would have reH eeiyed after the war on the eKGess profits taxes they pay now was elim7 Diat6d,
 Washington and Jefferson Golr leRe, Washington, Pa, was the tlVEL