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Show NO DECISION UPON COPPER TAX MATTER Belief Is Expressed, However, That Metal Vill Not Be Taxed Unless Others Are. WASHINGTON, Aup. 5- The senate finance committee put in all ot" today discussing dis-cussing the income tax and has not yet fornv.lly given consideration to the copper cop-per tax. Among plans that have been suggested, as heretofore indicated, is to tax all raw materials going into the manufacture man-ufacture of munitions copper, lead, steel, zinc, cotton, etc. Another plan, proposed by Senator Stone personally, looks to taxation of net profits derived from manufacture of metals met-als going into munitions, that is, to tax all profits above a certain figure or percentage, per-centage, but to exempt what Senator Stone designates abnormal profits. He has not perfected his proposed amendment and lias not determined what relative profit should be exemK from taxation, and what should be taxed. He admits, however, that he has little hope of teeing tee-ing this plan adopted. The committee is still waiting on (lie . treasury department for figures showing I profits of corporations of all character 1 that make profits of more' than 10 per . cent on their investment. This report 1 may influence the committee in determining determin-ing upon some substitute for the copper tax. - Thus far the only tiling that has been definitely decided by the committee, according ac-cording to Senators Stone and Hughes, is that copper will not be taxed unless other metals also are taxed. |