Show t J LIKELY IN INtO INCORPORATION tO CORPORATION Sf STAMP AMP J TAXES WASHINGTON w Oct 7 27 7 AP AP- AP Four Four our sources of revenue that from I corporations individual lal incomes excise stamp and estates have l been lIeen een mentioned prominently to date as those most likely to be affected by prospective congressional action Ly Of this group the corporation Rind and excise stamp stump taxes have been referred to most frequently in pre- pre talk as those that will receive re- re first consideration by the tho house chouse ways and means committee which has original jurisdiction in fell all revenue matters fc While this committee will not initiate ini- ini heat hearings on the subject until Monday practically all of its membership membership mem- mem has returned to the capital and rand those who have C spoken have been in accord as to the source of tax income that should benefit by bya byi i a reduction in rates They however ho ha have C differed materially ma- ma as to the amount of reduction redu reduction tion both in gross amount and specific specific specific rates that should be made with party part lines appearing sharply in the disagreement REDUCTION QUESTION While most Republicans who have made imade public announcements are of ot the opinion that represents about the maximum reduction reduction tion that can be effected Democratic Democratic Democratic Demo- Demo cratic members have come out for fora ha a minimum redaction reduction of land and a maximum of about half a billion As yet the committee chairman tive Gr Green Graen en of Iowa has said nothing since his return to Washington except that he favored a a general reduction of the corporation corporation corpora corpora- tion tion tax On the other hand Representative Representative Rep Rep- Bacharach of New Jersey Jer- Jer sey a staunch administration Re- Re Republican Republican 1 publican said yesterday that he lie believed be- be a a. cut cue of possible in III this thi view he is supported by Representative Crowther of New NewYork NewYork York another Republican on the committee Representative e Garn Garner r of Texas minority spokesman on taxation howe however has sounded a Democratic note lote for fo a 1 reduction of f at least t and Representative Collier of Mississippi next to GarIner Garner Garner Gar- Gar Iner ner in m seniority among Democrats 1 on the committee has announced that he is in favor of this plan FAVORS CUT It if Garner Gainer fa favored ored reduction of the corporation tax from 2 per cent to 11 or It possibly 10 per pel cent and outright t repeal of the nuisance or stem stamp taxes Tho ThosE Thoe e H Republicans ans who have an- an their l' l views have held 11 l per pei I c ant c-ant nt as the probable minimum for i le reduction in the corporation rate and almost all have argued for abolishment of the nuisance levies While hile Green and Garner are known to oppose Jepeal of the in- in or estate tax a a. number of members of both parties favor its abolition although most of this nave have expressed doubt over whether the condition of the treasury trea- trea sury Oll would Id permit s such ch action at atthe the present t. t With this lineup it is expected that the foi tax battle will II enter center largely p al'-p lv upon a move mOe by D m D-m- m- m to effect effet a reduction much irger th thin in Republicans will be beto willing to approve |