Show President Agreed on nn Mellon Tax Plan Washington President Washington President and Secretary Mellon lellon ironed out the tha tax refund proposal ot or the executive Tues rues Tuesday day and agreed that it should be ac- ac accomplished ac accomplished through a credit to the taxpayer of about 12 12 2 per pcr cent on Income taxes to be paid next year ori an this years year's Income While the president was busy buty adjusting his tax saving plan with his secretary or of the treasur treasury congressional leaders were expressing varying views which mated clearl clearly the tha plant did not noi meet with full approval at the capitol Mr Mellon lellon accepted the Or proposal to take his surplus away from debt retire retire- retirement retirement ment but he convinced the president that the idea for tor an immediate refund of Income taxes collected this year car would be ba too costly from an admin admin- adminIstrative administrative admin standpoint |