Salt Lake Telegram | 1932-01-28 | Page 6 | Tax Bill Not Retroactive

TAX BILL NOT RETROACTIVE Bourbons Plan to Invite G. G 0 o. P. P Participation in Framing Framing Framing Fram Fram- ing Measure Br By Associated J Press T u WASHINGTON Jan 28 28 The The Dem Dern members of ot the house ways and means committee today agreed that the forthcoming tax tac bill will not be retroactive After a closed meeting of the group attended by Speaker Gamer Garner Chairman Chair man Collier issued a statement announCing announcing an an- that the policy of the group was that the bill would not be retroactive retroactive retroactive retro retro- active and that the budget shall be balanced to maint maintain lIn the credit of the United States He said the Republican members of the committee would be Invited to participate in the formulation of the bill and that the legislation would be bea a nonpartisan governmental tax bilL When the Smoot thrift tariff act was being framed by a Republican controlled ways and means committee commit tee the Democrats were excluded from the rate making sessions 4 I