Show TAX ON EARNINGS OF CORPORATIONS I PROVES UNPOPULAR IN THE SENATE w hinston hington June 9 The senate was 50 assed today to determine what OUM oUd be the fate of a proposition to ff Pj Pee a tax ti on net earnings of corpora tIO for r a sub tor for an aD income tax i and wui It was as developed oP th there theN is an over oer sentiment In opposition to ucb II a plan pUn Practically a all of t tn t the income tax Idea Idee 1418 are the corporation tax and the theof P of f the income neon tax refuse ab tr to be b l from the rt f for r which ther they are contending r a at house e l ay between PresIdent Taft and tor Aldrich It t was waa stated that the inan nane ommittee would consent to toa Puking a J per c cent nt tax upon the net ng 1 of c n If the sup I r th to Income tax amendments aud PIrt arf pt It and d withdraw their Ia n This suggestion S It Is de d cam from f President Taft and andi i d to P prevent ent a split In the party over Ute the I income me tax u to tr hr Aldrich communicated M uni the plan Lb h u i tas Sad and Senator Bo Boi i aa of the th Progressive t T have hav favored fayed the Cummins on ta nt t These Th senators senator pile with and the Wa a ilso 0 by them as It was wasI by Income I rn m opposed H Posed ed to tor rom B tax fa a an s s order Oter r r hE h senate the Income L n me irne UP tomorrow tIon TOte Yote but ut r lew ie j nt of lh the unsettled a motion will be made to postpone action It Is expected that Senator Bailey Balle will wilt protest vigorously against this delay In view of the tM short time that re remains remains mains maiM before the date popularly fixed In the public mind for adjournment of the tre present session some of the Income tax advocates are not Inclined to upon a vote at the present session If the proposition be referred to the ju judiciary judiciary judiciary committee with Instructions to report to the senate early In the next regular session Ion So far as the wending v tariff bill Is concerned some Republican leaders fear that any an plan to taC tax the net earn earnings lags ings of corporations might be he b hailed as asa asa asa a Democratic Idea Wea for the reason that Senator Daniel has pending an amend amendment mont ment to do ilo that very thing Mr Culberson the minority leader loader In Ina Ina Ina a statement Issued tonight t said eald At the beginning f the discussion of the tariff at this session the Democrats met twice In conference and the tariff ta ff generally as well as an Income I m tax was WM fully full discussed It was formally and unanimously agreed AhMed to support the income amendment nt which had been beell prepared by Senator Bailey So far faras faras farus as us I know or believe there has been Men no change In sentiment and I have no doubt therefore that all Democrats Dem will support the amendment and will insist upon a prompt disposition of it tomor tomorrow tomorrow tomorrow row At the night seton session Ion Republican lead leaders leaders leaders ers were wert engaged in trying to har her harmonize harmonize monize the differences concerning an Income tax or a corporation law |