OCR Text |
Show Senator Cummins Has Scheme for Graduated Income Tax. Washington. Senator Cummins' on Wodnosdny Introduced his amendment, amend-ment, to tho Payne-Aldrlch tariff bill, providing for a graduated Income tax, which, ho believes, would produco S40,000,OQO revenue. Mr. Cummins pointed out that It differs In somo Important Im-portant particulars from cither tho, law of 1891 or tho nmendmont offered by Senator Balloy. It exempts In-comoa In-comoa bolow S5.000, nnd authorizes tho deduction of that amount from ovory dutlnblo Income |