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Show CONGRESS NOW HOPES TO PASS REVENUE BILL Administration Would Eliminate Elimi-nate Features Objectionable to Secretary Mellon. ' WASHINGTON, May 21. Hepub- lican leaders in congress who havo ' been kept on the political anxious seats for weeks over President Cool-idge's Cool-idge's threatening gestures with the veto pea have succeeded In convincing convinc-ing the president that It would be Impossible to go before the country in the approaching election with loth the bonus and lower taxes to , the party's credit. : They have succeeded, it ' became known today, in extracting from the White House a tentative understanding under-standing that if certain objectionable objection-able features are eliminated from the tax bill Mr. Coolidge will approve ap-prove it, even though the bill is not to his liking. Heartened by this magic dispersion disper-sion of party discord, the Republican Republi-can conferees went back to work today prepared to eliminate from the pending bill, those features which are particularly objectionable to the White House and Secretary Mellon the Norris publication for i Publicity of returns, the graduated corporation tax and the heavy inheritance in-heritance tax which Mellon considers consid-ers ns "confiscatory." There is every prospect of an en-gaitenient en-gaitenient which will allow the corn- promise tax bill to be reported back : to both houses next week for pass- ', se. The president has been informed in-formed by his congressional nd-Tiss nd-Tiss that unless he accepts ,he tnx bill as it comes from dio conference there Is nn excellent chance of its being enacted over his TMo ns was the bonus. Members of congress with their Political skins at stake in the enm-PttiKn enm-PttiKn rebel at the prospect of going home to face their constituents with Inc demand for lower taxes unsatis-"d. unsatis-"d. Consequently, the leaders hnve Pointed out to Mr. Coolidge that re-! re-! sctitiuont over n veto might be so I Pronounced as to cause another I 8tming defeat for the White House, i Kopubliean leaders frankly nntici-r nntici-r P'tte that with the bonus and tax foditction there will he a deficit next j J'r in the treasury. They do not i Wiere, however, it wil be great nnd ; t'tcy are hopeful that it mny be "verted entirely perhaps hy the Mmulus that is given business in Rt'Uernl hy a lowered tax rate all down the line. ! |