OCR Text |
Show ADDITIONAL REVENUE NEEDEDJIflERO Reduction of Customs Col lections Because of War Requires Special Tax v ASHINGTON Aug 11 Administra tlon leaders have concluded that add! tional revenue legislation eventually will be needed to fi I the gap in the govern ment coffers caused by loss of revenue on Imports cut off by the European war Majority Leader Underwood of the house sa d today that be would confer with Secretary of the Treasury McAdoo when the latter returns to Washington Thurs " day in regard to plans and the amounts necessary to be ra sed The was and means committee, which has charge of all revenue legislation a ready has cal ed upon the treasury de partment for a detai ed statement of the condition of the reasury and the sltua t on as to reduced Import taxes It was estimated today that legislat on would be framed which would contemplate a war tax of approximate y $100 000 000 Wh e no def n te plans have been determined it is expected that the tax will take the shape of a stamp impost on ma t and spirituous liquors although an increased import duty on tea and coffee may be cons dered In order that revenue legislation might have tbe right of way whenever it be comes necessarj the house todav wrote into a spec al rile, giving con enat on legislation precedence, a clau e exempt ng re enue leg s ation The Repub icans in the house have notif ed Mr Lnderwood that, whl e they reserve the right to criticise any revenue legislation offered they will not resort to obstructi e tactics to prevent its passage in an emergency |