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Show uu LAblOL pill IIMATE Democrats Expect to Pass Measure Taxing Big Incomes. Washington. July 26. Backed by tho indorsement of a caucus of Democratic Dem-ocratic senators, the house excise tax bill, virtually levying an income tax on all persons aud co-partnerships doing an annual business of moro than $5,000, was taken up in the senate sen-ate today. Senator Smith of Georgia, making the opening speech for the bill, 6ald he favored an Income tax but could not agree to substitute an Income tax-bill tax-bill for the measure the house ha J passed. Senator Borah, who had introduced in-troduced an Income tax bill, asked for Its reading, but not immediate consideration. con-sideration. He indicated he would offer of-fer it as an amendment to the house bill later. The Democratic senators passed a resolution at their caucus saying that while favoring an income tax they lealized that with the pending amendment amend-ment to tho constitution authorized, requiring the favorable vote of only two states, It was advisable to support sup-port the bill for an Income tax, which with the existing corporation tax-would tax-would raise approximately an equivalent equiv-alent amount of revenue. on-. |