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Show mm PROGRESS ONJARIFF 11 iScnato Worries Through IS Pages of Payne Measure in One Day. DISCUSSION". OF MANY . w PARAGRAPHS RESERVED Speeches Are Not on Bill as a Whole, hut Relate to Separate Separ-ate Sections. .WASHINGTON, April 111. Substantial Substan-tial progress was mado by tho senate today in considering tho tariff bill." No senator being prepared to speak on the bill as a whole, tho reading of tho measure meas-ure hy paragraphs began. The various items in the chemical schedules were passing over for future consideration. Tho reading was frequently interrupted interrupt-ed by the discussion of amendments, and onlv eighteen pages of the bill were disposed of. Senator Cummins presented present-ed Itis income tax provision and discussed dis-cussed it at length. At o p. m. t he scnato wcut into executive, ex-ecutive, session, and at 5:10 p. m. adjourned. ad-journed. Chance for Discussion. j On "Mr. Aldrich's suggestion it was agreed that any amendment to which there should bo objection should be passed over with the understanding that any senator might move at any time to tnko up any paragraph after it had been read. Mr. Dolliver suggested that tho reciprocity reci-procity and retaliatory clauses and tho drawback and the administrative features fea-tures of tho bill should be reported bv tho finance committee before tho bill was considered. After various questions by senators concerning their right at any time to suggest amendments to the bill, tho reading was begun. As tho reading proceeded, questions were frequently asked. lr. Dolliver criticised the action ac-tion of tho commit too in changing tho Pavno rates on manufactured celluloid article to the ocisting rates. Messrs. Vldrich and Smoot explained that the manufacturers of celluloid goods in tho United States are in danger of being-driven being-driven out of business by cheap manufacturers manu-facturers in .lapan. Mr. Smoot said two largo factories arc being built in that country. CUMMINS GETS BUSY ON INCOME TAX PLAN WASHINGTON, April 21. -Senator Cummins todav introduced his amendment amend-ment to tho Payno-Aldrich tariff bill, providing for a graduated iiicomo tax, which he believes would produce $40.-000,000 $40.-000,000 revenue. Mr. Cummins pointed out that it differs in some important particulars from either tho law of 1S01 or the amendment offered by Senator IJnilev. It exempts incomes below .$5000' and authorizes tho deduction of that amount from every dutiable income. in-come. The rnto provided for is as fol- Upon income not exceeding 10,000, 2 per cont; not. exceeding $20,000. per cent; not exceeding .flO.000, .", per' cent; not exceeding Si0,000, :!Vj per cent; not exceeding $SO,000, -I per cent; not exceeding $100,000. 5 per cent: upon all incomes exceeding $100,000, G per cent. Mr. Cummins believes that the graduated grad-uated tax so provided for will produce a somewhat less revenue than a llat tax of .T per cent. The duty is to bo levied onl upon individual " incomes, llo treats' corporations corpo-rations as more instrumentalities for individual in-dividual profit and tho chief reason for not including corporations is that to put Continued ou Paj;e Twp I MAKING PROGRESS I ON TARIFF BILL I Continued from Page One a tax upon the incomes of corporations ( is to tax those who arc stockholders of ( the corporations, but whose total; in-i in-i " comes would not reach $5000, precisely as though they had dutiable incomes. This would be the. result with a flat rate; but he points out that whan the graduated tax is employed it is obvious that the individual income can alone be considered; "otherwise," he says, "the man with the lowest dutiable income would, insofar as it is derived from a corporation, ofton times bear the maximum maxi-mum rate levied upon the highest iu-I'otnc. iu-I'otnc. Burden Where It Belongs. "The chief ob.iect of a graduated income in-come tax law is to put the burden of government upon those who are best able to bear it, nnd to" do so it is necessary nec-essary to put a higher rate upon the large' incomes than upon small ones." The amendment proposed by Mr. Cummins further provides that all corporations cor-porations shall make annual reports, showing their gross and net earnings and the amounts paid as interest and dividends and the persons to whom payments pay-ments are made, and also the names of all officers or employees receiving $5000 a year or more. In this way the undivided undi-vided profits of a corporation are ascertained ascer-tained and the .distributed share of each stockholder charged- as a part of his income. Mr. Cummins said he had been represented rep-resented as making an attack upon the principle of protection by proposing an income tax as a revenue measure "I desire," he said, "to disclaim any such intention. I admit that if T am to be measured by the tests imposed by that association of slander known as the American Protective league, I will be found to be unsound, on the subject of protection. But if I am measured by the Republican platform and by the declarations of McKinley, Harrison and Blaine, then I am as sound as any senator sen-ator who marches under the political banner to which 1 yield my loyalty." |