Show CRITICS SCORE NEW TAX BILL t A WASHINGTON I O Oct t 2 The A The complex excess profits tax bill voted voted vot vot- 1 ed Cd after weeks of contention reached leached President Roosevelt's desk Wednesday but already congressional congressional dissatisfaction with ith the measure measure meas meas- ure ure re was being voiced and there ivere were ere bipartisan demands for a thorough overhauling of the entire entire entire en en- tire national revenue structure I One of the last big obstacles to a I sought long congressional recess the excess profits legislation whipped through both house and senate Tuesday in rapid fashion The presidents president's approval was expected expected expected ex ex- promptly because the bill contains provisions ns deemed essential essential essential essen essen- for furthering the defense program pro pro- gram gram j. j Congressional action on an excess excess excess ex ex- ex- ex cess profits measure left only the defense appropriation bill as the major obstacle to re re- re- re cess ess This bill carrying the funds for the conscription program and the creation of an expanded army already has received house approval al l but has not yet been reported out of senate committee r With November 11 and 18 mentioned mentioned mentioned men men- as as dates until which a recess should be taken house D Democratic J leaders aders made an informal checkup on on sentiment In the event opposition opposition opposition tion materializes to a off lay-off of such duration it was was understood that leaders would resort to a series of f three-day three recesses for the period I As the excess profits bill went to the White House opponents continued continued continued con con- to inveigh against it as a tax tax atrocity which falls far short of objectives both in producing revenue revenue and in preventing swollen profits in defense industries t f The bills bill's yield was estimated at 5 on 1940 income and between and 1000 in subsequent years t f. f Reminding the senate that the deficit being created for defense f. would have to be paid some time Senator Connally D D. Texas asserted asserted asserted as- as t JL We might as well make up our minds now that beginning in January Jan- Jan luary uary it will become necessary for congress to revise the tax tar structure to raise what might be considered staggering sums I Senator R. R Michigan Michigan Michigan Michi Michi- gan gan calling the measure an imponderable imponderable im mess and a tax atrocity atrocity ity y charged that it failed to offer ev even ven n an approach to the rev revenue nue which would be needed to offset a deficit which he predicted would r reach each this year 1 These views were echoed by Senator Senator Sentor Sen- Sen ator tor King D. D Utah who warned colleagues that when they began the new session in January they might be faced with the necessity of f voting taxes to raise up to 6 a year |