Show GUT CUT IN SURTAX AGAIN Republicans and D Demo Demo- Democrats mo- mo jon Committee Com Corn tt e. e Compromise COmp omis WASHINGTON Jari h. h 6 AP AP- P sen Senate ie Republicans ns and nd Democrats on n l the A h finance A committee ommittee n com compro n pro u. u u u u. u u- u un ru JUX L v- v today and order ordered d by nani- nani rous S vote a a. report o of ot the house rev revenue nue bill biU to t the e senate senat w wi h con con- considerable con con- modifications ns The compromise which Involved principally further reductions in lathe inthe the surtax rates repeal of ot the Inheritance in inheritance inheritance In- In tax increased the total reduction provided by the house measure for this year from front to and cleared the way for early passage of ot the bill by the senate senat Chairman Smoot said he would report the measure to the senate on Tue Tuesday day but would hold up it Its consideration consideration consideration con con- for a couple of days atlease at atlease atlease lease If it the cloture rule was Invoked to l permit an early vote on the world court Spokesmen of or the two parties In Inthe Inthe inthe the senate expressed satisfaction with tha the compromise and declared a final vote on the bill by the senate senate senate sen sen- ate early In February was almost certain The agreement came suddenly and the committee concluded r the bill in a cordial spirit During g its work vork within two weeks after the bill was first taken up the committee established a new record In the consideration of revenue revenue revenue reve reve- nue legislation The following changes In the house bill were voted toda today Further reduction on surtax rates applying on Incomes between 26 and Repeal of the inheritance tax tar Restoration of the present alcohol levies which the house had voted to cut in half Agreement on hou house action for tor re repealing repealing repealing re- re pealing the gift tax WASHINGTON WASHINGTO Jan 16 United Press Press- The Press The senate finance committee committee com corn completed its consideration 0 of othe t the e lax bill tonight raising the reduction provided in the house bill from to Senator Smoot Republican Utah chairman of or the committee e announced nn an an announced that he would 1 present the bill t ta to the senate on Tu Tuesday a The committee voted to change the tho surtax surta schedules on incomes Income be between between be- be tween twe-en and but did I not accept as s gr l reduction on the those sums as advocated In Democratic plan A compromise schedule was adopted between the I Democratic proposal and the house houle bill Inheritance Inheritance- provisions of ot the present bill were stricken n out b bj by bythe the committee by aOto a vote Oto of 16 IS to 1 It Senator King Democrat Utah dissenting dis seating member voting voUn to 0 repeal future levies levie on Inheritances the committee e de- de decreased reused the maximum tax from 40 per cent to 25 per per c cent centon nt on outstanding Installments installment on In- In taxes levied since 1921 |