Jasper County Democrat, Volume 21, Number 12, Rensselaer, Jasper County, 11 May 1918 — M’ADOO ASKS NEW TAX BILL [ARTICLE]

M’ADOO ASKS NEW TAX BILL

Proposed Revenue Measure May Total $6,000,000,000. Washington, May 10.—Senators were informed that Secretary of the Treasury McAdoo is considering the recommendation of a new revenue bill to be passed at this session of- congress which will increase collections foj the year to $6,000,000,000 or $7,000,000,000. Department estimates, particularly those for essential war purposes, are exceeding all expectations. To meet the demands, although there had been hopes by administration leaders that revenue legislation at this time could be avoided, it may be necessary to hold congress until revenue measures can be enacted. Senator Simmons, chairman of the finance committee, said that the present prospect seemed to make revenue legislation imperative although it might be possible to get along without it. With $15,000,000,000 for the army, $6,000,000,000 for fortifications, $1,500,-> 000,000 for the navy, $6,000,000,000 in bonds for the allies, and other appropriations to be provided, the situation is not encouraging for early adjournment. Representative Kitchin, chairman of the ways and means committee, is intlined to think that the government could get along until next spring, when m extra session might be called.