Show BABSON URGES TAX EXEMPTION Economist Tells Roosevelt Move Would Provide Jobs WASHINGTON Dec Dee 21 P A W-A A proposal proposal pro pro- for exemptions on income surtaxes sur stir taxes axes was was' put up to President Roosevelt Roosevelt Roose Roose- velt today by Roger Babson economist economist mist with the contention it would provide immediate employment of persons Babson asked that income spent for tor forthe the IB following purposes be exempted from om the surtax Funds expended in increasing the sale of agricultural products expend expend- tures on building homes not in excess of f and money loaned on payrolls pay pay- ro rolls lIs Babson estimated these exemptions would cost coat the government in taxes but he believed it would Increase business by for every dollar ollar in tax lost He said he told the president that the he business outlook is all ll right if we just let the experiments we have started started start start- ed cd grow and mature and ad not st start rt any anymore anymore anymore more just now |