Show ALTERNATE TAX PLANS DRAFTED I WASHINGTON W S Feb 14 UP UP- UP Th Tho administration was vaa was reported prep preparing ring Bevera several alternative tax proposals today for raising to to finance the new farm program x These methods method it was understood would be submitted to congress Without direct recommendation Congress Cong ess would be allowed to take t ke keIb its Ib choice holce of ot taxes taXes' to replace processing levies Congressional leaders lenders said the tr treasury may have tho the alternative suggestions ready for 8 submission within a week Tax experts in congress believed the schedules might Include 1 i 1 Revision n of processing tax rates to cover all nil or most farm commodities com corn thus l lowering v the former Cormer high levies les on the on-the the seven basic com corn 2 A manufacturers' manufacturers excise tax schedule ranging from 3 to I 1 per percent percent percent cent with such necessities as food tood clothing and medi ine exempt tax ached sched schedules 3 Revision of Income tiles ules ul s to t add millions millions' of f taxpayers through lowering of present exe exemptions p. p 4 Increase of liquor r taxes from 2 to 5 a gallon on spirits ts and nd from f 5 to on beer 5 5 Increases of and in- in levy such auch as as' excess eX profits dividend tax 6 6 New inheritance taxes and Increased in increased In- In creased cr surtaxes sur es under the tax- tax th the rich program Representative William B. B Bankhead Bankhead Bank- Bank head D. D D Ala house majority l leader who conferred l last st week taxes said with the trie over he believed the tax program would be Ife ready shortly The ways and means committee ommittee expects to start hearings on taxes early next week If It they are delayed de de- d' d it will probably be because the presidents president's budget study has Bankhead not nolo been completed said |