Show REVENUE Bill MAY PASS NEXT MONDAY W WASHINGTON July G. G The G.-The The adminIstration adminIstration administration admin admin- general re revenue bill designed to produce about of additional additional additional ad ad- revenue from increased surtax surtax surtax sur sur- tax on incomes and from taxes on Inheritances Inheritances in inheritances In- In and war munitions profits profile favorably reported yesterday by the house ways ays and means meant committee probably will be e p passed by the tho house Monday The committee report says that tho the necessity for revenue legislation grows out of the necessary increase in appropriations for Cor the army and navy and fortifications of our country The financial situation is summarized In this way Estimated excess of disbursements over receipts for the fiscal year ear ended June Juno 30 J 1917 additional receipts under the tho proposed bill In Income Income income in- in come tax estate tax 17 and it is estimated that tho time annual receipts obtained from the es cs estate CS- CS tate tax will amount to when tho law is in full operation manufacturers' manufacturers tax 71 miscellaneous miscellaneous laneous taxes Total I additional additional addi addi- receipts Balance to tobe be hf taken from general fund |