Show TAX PROGRAM i 1 I UNDER ATTACK f WASHINGTON w ASHINGTON May 1 i P P-Bual- p Busi Business n ness as attacked the tho administration tax bill before the senate se-nate finance c committee today when the Philadelphia Phila PhIla- delphia chamber of commerce branded It unsound The view was expressed by Franklin Spencer Edmonds EdmondJ chairman chair chair- man man of its committe on taxation and public expenditures The tax program was WM condemned In a resol resolution reso reso- l lution tion by the tho convention of ot the chamber of ot commerce of ot tho United Stat States s which adjourned last Jast night Tho treasury had completed its ita defense of ot the tho bill with a fait falt denial denial de de- de- de nial that corporations In the aggregate aggregate gate had used surplus accumulated during boom years to provide emp employment em em- p dl during the depression Gorge George C. C Haas treasury research director who voiced the treasury conclusion ion on the basis of ot internal revenue figures was WM closely questioned questioned ques ques- by senators and challenged on some somo points by Senator Bailey D. D W. W C. C Edmonds the plan to tax un undivided divided corporate earning was fiscally fis cally unsound and d does s not meet mut the ne necessities of the American pe peo pIe Experience had shown he lie contended con eon tended that in larger corporations the accumulation of surplus had tended toward stability In dividends divi end provided the average of net earnings earning Is maintained A proposal to raise a year by increasing surtax rates rate on individual incomes was advanced today today today to to- day by Senator La Folletto Follette Wis t to i help close a revenue gap between en the house tax bill and President Preside t Roosevelt's request La Follette oe offered ed his plan as members of the senate finance committee com corn mUtee began a search for new revenue rev rev- In response t to Secretary Mor- Mor demand that they raise the full fuU lost Jost oat when this years year's A A A processing taxes were invalidated Treasury experts estimated the house tax fax bill would raise of ot permanent revenue annually but hut only of the of t temporary revenue asked ked by the president Chairman Harrison D. D Miss of the senate committee said the deficiency ncy would ouId have lave to tob tobe tobe b be met and Md Indicated he had found a way way f p. Harrison would not dis discuss his hI plan Ian |