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Show Mir LOWER INCOME TAX jXIIPIIONS Propose Minimum $2000 for Single and $3000 for Married Persons. WASHINGTON, Aug. 5. Reduction of the income tax exemption from $3000 to $2H)0 for single persons and from ?b00 to $3000 for those with families was ordered recommended to the senate touight by Democratic members of the Gnance committee who are revising the house revenue bill. Tho chauge is proposed pro-posed in an amendment which would put the additional $ 1000 taxes in a separate classification and impose on it a normal tax of 1 per cent, instead of tho-2 per cent assessed against incomes over $3000 for single persons and over $4000 for married persons. The amendment, after an all-day discussion, dis-cussion, prevailed by a majority of onlv one vote, opposition persisting to the last. After announcement of the result by Chairman Simmons, some of the Democratic senators said that the decision de-cision was tentative and might bo overturned over-turned when the amendment was submitted sub-mitted to the full membership of the committee next week. The roll rail on the amendment was not disclosed. Those who favored it emphasized the grave necessity for additional ad-ditional revenue and had estimates before be-fore them showing that the proposed exemption reductions would add about $0,000,000 to the treasury. It probably would increase several-fold the total number of taxable. This amendment is the second change in the income tax proposed by senate Democrats, who last night voted to increase tho sur-tax on incomes in excess of $2,000,000 from 10 to 13 per cent. It is estimated that the sur-tax chango would bring in $10,-000,000 $10,-000,000 additional revenue. Tho sub-committee on the munitions section of the revenue bill, it was definitely defin-itely announced, has voted to reduce the proposed excise tax on production of copper and to add to the munitions list an excise tax on production of lead, zinc, iron and steel. Senator Stone, chairman of the sub-committee, did not disclose the amount of tho proposed taxes, which have not yet .been considered consid-ered by the full Democratic membership. member-ship. Personally, " said Senator Stone, "I would recommend a tax on all abnormal profits on munitions of war. A reasonable reason-able profit could be established bv experts ex-perts and a tax levied on all above that figure. ' ' |