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Show SE1I0KS11D TO DISTRIBUTE TAXES i Finance Committee Working Work-ing Over the House Bill; Some Changes Made, WASHINGTON. May ST. Solution of many difficult problems faces the senate i finance committee this week in continuing continu-ing revision of the $1,SOO,000.000 house war tax bill. Est i mutes of revenue from changes in the house hill already agreed upon by the committee were announced tonight b Senator Simmons, chairman, as follows: fol-lows: From war excess profits, taxes on corporations, cor-porations, joint stock companies, associations, associa-tions, insurance companies ami partnerships. partner-ships. ?or0.000.ei"i an Increase over present pres-ent excess profits taxes of SjO.OOOj'OO and an 'increase of $150,000,000 over returns re-turns provided in the house bill. From new taxes upon advertising of all forms, including newspaper, magazine, billboard, poster, street car and others. $1.".. 000. 000. a net increase over the house ' hill at a general rat of probably 2 per cent. These increased revenue levies, however, how-ever, but partially offset the slashing iE-Mjctions iE-Mjctions already ordered by the committee commit-tee in the hbuse bill, aggregating $317,-400.000. $317,-400.000. divided as follows: Rejection of further income surtaxes V" on persons having incomes of $-10,000 and above. Jli5.000.O0O; elimination of 5 per cent taNes on gross sales of automobiles and other manufacturers. J 1 IS, if.O.OOti; striking out of retroactive income taxes, SlftS.OOO.OOO : of inheritance taxes. Jfi.000.-0OO. Jfi.000.-0OO. and of zone taxes on second-class mail. 519.000,000. The committee experts to bring in large sums from a direct automobile tax and some form of manufacturing tax to be substituted for the section stricken from the house bill. The latter subject will be considered tomorrow. That the house principle of taxing manufacturers' man-ufacturers' gross sales bad been definitely and finally abandoned by the senate committee com-mittee as "unsound'' was declared tonight by Chairman Simmons. License taxes, cost of horsepower of motor vehicles to be paid by the owners, and not manufacturers, manufac-turers, are planned. Stamp taxes on other manufactures are being considered. The trend of the committee's work thus far. it was officially stated, is toward genera! gen-era! distribution and indirect imposition of the war's tax burden, with relief of manufacturing, industrial and business interests in-terests from especially heavy drafts. |