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Show McAdQo is lor Duty on Sugar President Wilson la In Accord With the Plan. Needed to Cut Deficit Washington, Oct. C Retention of the present duty on sugar until conditions con-ditions becomo normal and oxtcnslon of the cmorgency tax law until tho European war Is ovor aro two rov-entto rov-entto measures which tho admlnlstra-Hon admlnlstra-Hon has decided to ask from Congress on tho coming session. Secretary McAdoo nnnounced tonight to-night ho would recommend tho nee-cssary nee-cssary legislation and It Is understood under-stood President Wilson Is In nccord with tho plan. No other rovonuo measures havo been approved by tho administration so far, although many suggestions havo been offered which may bo considered con-sidered before Congress completes its work. Retention of tho duty on Btigar which goes on tho freo list May 1. 191C, unless Congress nets would glvo tho treasury about $50,000,000 a year. Tho emergency tnx is counted count-ed upon to produco about $100,000,000 n ytear. Must Have Remedies Slnco both tho sugar duty and tho cmorgency tax nro working at pres-mt, pres-mt, however, this would not mean cny lncreaso In existing revenues, larger opproprlutlons for tho army and navy without any corresponding cut In other expenditures Indicates that moro rovonuo must bo raised from othor resources In tho next few months. Thero has been much talk about an Issuo of Panama canal bonds, nuthorlzed having been given by Congress for tho Issuanco of moro than $200,000,000 of theso securities but Mr. McAdoo has stated that no such stop Is In contemplation. A lowering of tho exemption limit of tho Incoino tax law Is believed to bo moro probable Tho secretary's announcement follows: fol-lows: "In reply to many Inquiries I havo received nbout tho rovenuo measures that will bo proposed In the next Congress, 1 havo determined to recommend rec-ommend 1 thnt tho emergency reve-nuo reve-nuo net, which expires by limitation on Dccomber 31, 1915, bo extended until peace Is restored In Europe and 2 that tho existing duties on sugar shall bo retained for soveral years, or until normnl customs conditions nro restored. Theso aro distinctively distinctive-ly rovenuo measures nnd are necessary neces-sary In viow of tho extraordinary conditions now provnlllng throughout tho world. May Ask for Other Measures "It Is Imposslblo to stato nt the moment what, If any, additional rev-tnuo rev-tnuo measures may bo necessary, as Iho estimates of tho various departments depart-ments havo not yet been received U Is clear, however, that tho two tourccs of revenuo I havo Just men-tolncd men-tolncd should bo preserved no matter mat-ter what tho departmental estimates may bo. Of course, Kb rests with the Congress to say what shall be done. I nm meroly stating what my recommendations In theso particulars will be." Tho cmorgency tax during the last fiscal year brought In moro than $53,000,000 In tho eight months It was In effect, nnd Is counted upon to bring in during tho six months It would run under present conditions this fiscal year about $44,000,000. Tho sugar duty Is expected to 'bring in at least $50,000,000 moro. L Doth tho emergency taxes and tho proscnt sugar duty failed to keep the treasury away from a deficit last fiscal year when disbursements exceeded ex-ceeded receipts by nbout $35,000,000. |
