Show PRESIDENT MS TM ON ON EARNINGS special message to congress congre s s in which chief executive suggests plan for raising sufficient revenue washington Washing toil the message or of president taft to the senate on wednesday recommending the incorporation of a provision in ill tile the tariff bill for the taxation of tile the earnings earn of corporations and the adoption of a resolution looking to an amendment to the constitution ution to permit the levying of an income tax without interference from the courts was regarded by senators senator 4 as of such importance as to 10 place in the shade all questions pertaining strictly to the tariff schedules the president in ills his message speaks of tile the apparent inability of congress to agree to an all inheritance tax and as regards an all income tax he refers to tile the decision of the supreme court in the case of pollock vs tile the farmers loan trust company in which the court held field the tax to be unconstitutional unless apportioned according to population it Is ia says the president undoubtedly a power which the government ought to have it might be indispensable to the nations life in great crises the amendment suggested ted provide pro vIcle for the imposition on all corporations and joint stock companies for profit except national banks otherwise taxed savings bank and building and loan associations of an excise tax of 2 per cent on the not income of said corporations the president points out that another oth lr merit to the tax on oil corporations is the federal supervision which will edve to the government the stockholders and uie p public bublic ltv knowledge awl of the real business transacted |