Jasper County Democrat, Volume 12, Number 5, Rensselaer, Jasper County, 17 April 1909 — OFFERS AMENDMENT FOR AN INCOME TAX [ARTICLE]

OFFERS AMENDMENT FOR AN INCOME TAX

Bailey Says Provision Would Net $60,000,000 Annually. Washington, April 16.—Shortly after the senate met it agreed to a resolution of the house of representatives asking that the tariff bill be returned to that body so it might be amended to place upon the free Hat the products of, as well as crude and refined petroleum. The bill was soon returned to the senate with this amendment inserted. Senator Bailey Introduced an amendment placing a tax of 3 per cent on incomes erf over $5,000 annually, which, he said, would provide a revenue of from $60,000,000 to $80,000,000 annuel! v