Show I Summary of Roosevelt's Proposed Tax Program I WASHINGTON June 20 AP AP Here Here is President Roosevelt's s new tax proposal to achieve a wider distribution dis dis- I of wealth 1 I-An I An inheritance and gift tax no specified amount on all very large amounts received by any anyone one legatee the proceeds to to- tobe be used to reduce the national debt 2 A 2 A definite increase in the taxes now levied upon very great individual dual net incomes incomes especially those over 3 A 3 A graduated income tax on corporations ranging ranging ranging rang rang- ing from 10 3 4 3 to 16 3 2 per cent according to size of the corporations and replacing the present uniform levy of 13 4 3 p per r cent on all companies 4 Ultimate 4 elimination of all unnecessary holding holding holding hold hold- ing companies through taxation 5 A 5 A constitutional amendment to permit the taxation taxation taxation tax tax- of now tax-exempt tax government securities es |