OCR Text |
Show (Taxi MvmiVlust -') GCafii &?BetIncTeffisefl & wj sy HsO ehV u u n ti i WASHINGTON, July 24. Plans war revenue i were ovorturned1 todar b,y (announcement ,of forthcoming ad-, 4gpnal( eigraatei, or jWBep-J tures aggregating more than $o,000i-000,000,000, $o,000i-000,000,000, principally In anitcipat-tlon anitcipat-tlon of assembling a second nrmy o 500,000 men under the elective IcretiiylMcAdoa, ntQ(GfWcla( meeting ofethe Senate Finance Com- cover, additional expenditures of 000(000 war tax bill until the detail-Q detail-Q j-MTof aXlQlents' submitted. 'The committee agreed to the request aiyLpigeofclioled a "fort foh thtLeasorelw)i(tivil hagpl4ie to submit during the day. $500,000,000 additional for the ship- tedlto the CQinmittee-Jatp. this week. Ion of the war revenue measure, probably!; resulting In an Increase iof $350,000,000 to 11,500,000,000. Furthercredlts may glso bo author- cdness certificates Secretary MeAdoo told tho Senate authorized for loan taUne allloB prOb-ablywould prOb-ablywould Inst wnlyyjunttl October nn5t t9bptoa,iwapo.oK their further assistance would bo needed. Provision forVthls.howevor, Is not planned In connpi&SMllitij, ponding revenue leglslatlo. It probably prob-ably will be considered at the noxt FntniH !j!2,070,000,000 Taxation. Tho secretary made no rccoanmen-dntlon rccoanmen-dntlon ns to what part of the total Bhould be raised by taxes and what part by bond Issues or other en dlts, It..was-reported,Thowever, that tho, treasury 'departnient would tayor, racing $1,000,000,000 more than had 'been plhnqedj'.in taxes, making tho tax bill totaV$2,'c70,000,000 j! As to the tax sources to be tapped efj'tjifnow 'epUmates, the flrst disposition of tho committee w is to turn'to'new taxes on war xcess prof tjan'djln3bmea!fietlng will his' held immediately after the new eitf-' mates, ao, submitted. i Al.risolutionv.'waa adopted o lay calling for submission of new estimates esti-mates by-alK departments, so 'tiat the whSle- wmr-'expndlture pro (ratal may be considered in connection fjith IhetitnillngjvrarjUx legislation. iTh'ii' ByoV.uOO.Wo1-army increases, ;8e"i-1 retary MeAdoo Informed the coi ittill-f second draft army of 500,000 man to bo called while the, first 500,00 ffifi u'riaVvfrai'jIjJ'tpo $5,000,00 ijpob would provide for expenditures until 'Vcara'Ttitald.Kxceed Fourteen ' JDurlnetodajj'sJ debate on th fleers fle-ers iriilSarb'drs bill, Senator i jhjoot' prasonted statistics to show thitjnn- prSEIaSPnO)jriyr) wnr ses8,c B a'-ready a'-ready aggregate $9,226,000,OOJCf, bo" that the now estimates would ralso theaotalfor (IjeyHrSter of th !(,at; wellaboVe l.5do,DOoo0O. il |