Show HOUSE FAVORS FAVORS' REVISED RE TAXES Many Changes Suggested in ill inU U to Committee Committe on Report Ways and Means WASHINGTON Dec 5 A jp-A A preliminary pre pre- tax revision program estimated esti estl- mated to yield a year w was s recommended today todar by bya a house ways d nd d means subcommittee The report port calling for tor wide changes in tax rates was submitted to the committee Additional recommendations i full tiU u are arc expected later Hearings Hear Hear- ings by the full committee on the prom pro pro- m als lS are a expected to begin shortly The The Ibe preliminary report proposes IncreaSed In- In in-I in creased ased s surtax r ra a rates a normal rate cent on all income instead of nf 4 Pt per nf the present 4 per cent on the first 1000 n fl net income and 8 B per cent over and fl man many other changes including In- In duding heavy taxes against personal holding bolding companies which the report termed a scheme of the incorporated pocketbooks i 1 BrIefly summarized the program l provide the following revenue Changes anges In lii n the normal and surtax surta K r rites tes and in credits against net inV in in- V come changes In i l r alien Uon and SOd depletion allowances 85 s a capital gain and loss ch changes g personal holding comi com corn i nany riy taxes exchanges reorganizations dwi- dwi and arid out of pre-March pre 1 1913 earn earn- ings inks foreign reign tax credits consolidated returns 20 and partnership losses 7 t. t |