Show Roosevelt Drafts Drastic Economic Control Message on Inflation May Call For Ceiling on Income Prohibition of Wage Increase t WASHINGTON April 22 UP President UP-President President Roosevelt made plans Wednesday y to spend the rest of the week and the week weekend weekend weekend end putting together an message to congress and the nation which is expected to recommend the most drastic control of American economic life ever contemplated Senate sources said that the proposals proposals proposals pro pro- being studied by the admInistration administration administration ad ad- ministration included a 6 per cent limit on corporation earnings ceilings ceilings ceil cell ings of or on in individual individual individual in- in incomes prohibitions against wage increases rationing of consumer goods and general price ceilings It was learned meantime that the office of price administration is likely to issue its general price price- fixing order either next Tuesday or Wednesday The order is expected expected ex ex- to cover retail wholesale and manufacturers' manufacturers prices I White House Secretary Stephen T. T Early said he did not think that the program at this time had Shad boiled down to a point which you might say is final determination He said a definite date for submission submission submission sub sub- mission of the message to congress congress congress con con- gress and the following fireside chat had ad not been set Next Monday Monday Monday Mon Mon- day is the likely date The president is expected to tell congress and the nation that menacingly menacingly menacingly men men- rising living costs must be stopped now if any semblance Continued on Page Six Column Four FOR STUDIES PRICE CONTROL Continued from Page One of the Ameri American an standard of living living living liv liv- ing is to be preserved Tax Sessions Start The house ways and means committee committee committee com com- astonished by reports of the tax aspects of the anti tion program the president has under under under un un- un- un der consideration began its executive executive executive ex ex- session consideration of the 1942 1912 war revenue bill Chairman Robert L. L Doughton D. D N. N C. C told newspaper men he le knew nothing of the program beyond what he had read in the papers He said the committee would start consideration of the treasury's original recommendations Ions Wednesday afternoon These proposals include several higher income taxes Many committee members favor a general sales tax instead Treasury Tax Expert Randolph Paul told committeemen Wednesday Wednesday Wednesday Wednes Wednes- day morning that he knew nothing nothing noth- noth I ing ng of the inflation anti-inflation program I The presidents president's program still subject to revision was said to include One A 99 per cent excess profits profits prof- prof its ts tax on all corporation earnings earnings earn- earn ings over 6 per cent of tion ion A per cent rate it was feared eared would violate the constitutions constitution's constitutions constitution's prohibition of tion ion Two A ceiling ceiling and I a year are being considered considered considered consid consid- ered on individual incomes through adjustment of income tax rates The regular and surtax schedules would apply to the in income income income in- in come a person would be allowed to o retain Three A directive to the war labor abor board prohibiting any further Increases in the wages of high high- bracketed bracketed skilled workers Four Four- FourA A general ceiling over all retail and wholesale commodity prices on some O products Five Rationing of all consumer goods Six Vigorous prosecution of the treasury's voluntary war bond sale campaign I ILaw Law Not Needed The message to congress is expected expected ex ex- to outline such a program in n an informative manner No part of it except the tax proposals proposals proposals pro pro- would require new legislation legisla legisla- tion ion tion It was emphasized that final decisions decisions decisions de de- de- de on the program have not been made and that there still are several differences among high administration administration administration ad ad- ministration officials to be ironed out before next week The major ones are whether congress should be asked at this time to enact such drastic tax measures and whether the program program program pro pro- gram should apply to all individuals individuals and corporations or only to those Jiose engaged in war work Senate sources said Mr Roosevelt Roosevelt Roosevelt Roose Roose- velt got divided reaction from his close advisers recently he outlined the proposals Some held that congress would not consent consent consent con con- sent even as a war measure to imposition of a ceiling tax on in individual individual individual in- in incomes or corporation taxes at this time Others indorsed the program in its entirety Some of the presidents president's advisers advis advis- ers also also were said to argue that the Jie program would be a hardship hardship hardship hard hard- ship upon those who are not sharing sharing sharing shar shar- ing in the governments government's war spending program But the coun- coun is that if inflation is iso isto isto to o be stopped all citizens must be placed under the rigid regula regula- |