| Show washington GOSSIP speculation AS TO THE INCOME TAX DECISION impression that the whole law will bo be annulled the tr treasey asuit deficit no extra session I 1 editor tribune there Is a general impression that the supreme court Is about to hold the entire income tax unconstitutional that Is I 1 tile the feeling f e g 11 ll among lawyers awyers here and I 1 in new york Y ork who have hare been closely following the le hearing I 1 have re reason U mon to know that such an all au outcome deome Is s anticipated by the administration the emasculated law as it came front tile the consultation room of tile court after the first hearing was only allowed to live by it a tie lie vote ot or the sitting judges one at least ot of tile the assenting judges hesitated long lone before deciding not to join those ot of ills hl associates who declared against the laws validity ills dis vote would hae made a majority wiping the income tax front rom the statute fla tuto books it Is said he li 19 watering again and may find good grounds in the arguments ot of choate and guthrie for re reversing ersing himself B that lit in itself would settle the tite ate f 0 of the tax without taking at all into consideration the vote of 0 justice jackson the attitude altitude of 0 the latter has naturally created the greatest interest the rehearing the crowd ot of attorneys and spectators lit in the courtroom have dally daily watched tile the face or of tile the alling ailing justice as the rehearing proceeded to obtain some hint of ills his views ills previous opinions while on the hench lit in lower courts love bren been scanned to see sec whether r some indication ot of the bent beat of ills mind on oil collateral questions could not be discovered and which when found might throw light on its his probable action in the pending case it is thought that justice jacon jackson will be finally found opposed to tile the law with no changes in the opinions ophilo ns already rendered by his associates ills his vote vate will be decisive THE TREASURY DEFICIT the effect of a de decision cislon adverse to the tax lax as it a whole will be awaited with interest by both the taxpayers and the political prophets the anticipated receipts from the income tax figured ex cx len ten shely in the arguments upon tide the tariff tarell bill reductions lit in schedules were declared possible from a financial standpoint because at least was expected to lie be secured by the operations of tile the income tax law secretary carlisles roseate hued es estimates t i ot of a possible surplus were founded d upon figures which led him to believe that any deficiency from customs would be more than made up from increased receipts from lit the e internal reve revenue nut the decision that municipal and state bonds and rentals were exempted cut in halt half the possible receipts if the entire law shall be declared invalid there will be a treasury deficiency at the end of the current fiscal year of 0 nearly it not quite there Is 19 much query whether or not an extra session will be called by the president to provide revenue tor for the conduct of the government Govern munt it Is not likely that such will be the case the president Is knoten to be extremely a e arse to sessions of congress which nil fill ve he city with politicians take up his time with applications tor for offices and criticism criticise critic ise the administration from the capitol in the next congress the democrats will be in a minority in both branches slid and tile the assaults upon the administration will be neither few nor feeble air ir cleveland Is said to believe that owing to ills hla power to sell bonds the interval between hameen july and december can be bridged over at the end ot of that time the I 1 responsibility for providing pro villing revenue tor for the government v will ill he be th IN 01 own n upon liton a republican house of representatives this Is the he point where both politicians and taxpayers are interested what means will be adopted to make up lip the constantly growing deficiency what new form ot of taxation or increase of existing taxes will voll be deemed most efficient anil and elte in meeting the emergency A very large number ot of republicans public ans insist that it will not bo be advisable to tinker with the tariff upon the eve ot of another presidential campaign campat pat n they point to the republican defeat of 9 92 1 ibach followed immediately after the passage of the mckan ley bill and ad addlfo 1 30 that a trap of 0 like nature shall be avoided in the future these gentlemen declare that th he a increased revenue must be secured from I 1 internal taxes and they propose an increase crea of a dollar a barrel rel TA TAX ON deer BEUR to make up the amount desired such a tax they say mould ou id collect 33 additional revenue annually and would lie jc a tax upon A a pure luxury which no one need pay unless lie he so desired there are r P on tile the other hand many republicans republic c nho seriously doubt the expediency of raising the die beer tax lax they insist that such an increase would alienate the entire brewing interest of the country from the republican party would moke make new boik illinois sila 1119 yourl bourl and wisconsin certainly demo el atle and lot bence thousands of voles in oth other e r states stales the candidate didace of tile the national republican tick t tt t lit in those who see cee no other outcome reply that the brewing interest has not been allied with tile the republican party parly for a number ot of years past anti and that even if it had the hie tax la Is a 4 proper ono one and a reasonable one fully warranted rr anted by tile the immense profits made by tile the brewers and the nature of 0 the business in which they are engaged and that besides beside it lit is th the 0 on only IV available means of securing the needed jewIl lues if 1 tile the income tax should be declared invalid prominent democrats democrate ate aie already openly ling themselves that ih lt their party will not lot be lit in control of congress when this disturbing question comes comen up should it be decided by tile the majority Y I 1 in n favor of 0 increased taxation on beer tile the democrats will make all the tha poll pollyl t tl iaal il capital possible out of the new leg legislation isla and hold up tip tile the republican party parly as the friend ot of sumptuary Igl by indirection it if not in tact fact A washington D C may 8 1895 |
