Salt Lake Telegram | 1934-01-27 | Page 2 | Tax Bill Faces Bitter Battle

TAX BILL FACES BITTER BATTLE Congress Generally Satisfied With y Slash for Average Average Av V Man ManBY V I I I Br DJ United Press WASHINGTON Jan 27 The 27 The tax revision bill now being eing whipped Into final sha shape will precipitate possibly the most heated and prolonged fight o of the ional session leaders leader admitted to- to day ay In its Us broad range the tentative measure affects cocoanut oil im imports front Irom rom the Philippines taxes on foreign for lor eign ign corporations states proud of their community tax laws and dives deeper into the pocketbooks of tax evading millionaires E Each cn of these revisions provisions Ions will stir aUr up controversy However there then was general satisfaction satis satis- faction action in congress with the proposed reductIons in the tho amount of tax the average man must pay and with he the plan for boosting taxes of ot th those who live on stock dividends or those from rom practically tax exempt government government govern govern- ment mont bonds The bill as drawn will aft affect ct payments pay menu ments during the present calendar year ear and not be retroactive so it will willot not ot be a boon to taxpayers rs with in in- tants due n next March