Show Tax Conferees Face ace Rush us Job o r To oGet Get Plan in Action by July WASHINGTON May 19 A R-A A pressed hard-pressed conference committee faced an abrupt deadline Wednesday for hammering together a you pay tax bill mutually ac acceptable to the house the senate and the president Chairman George D. D Ga of the senate finance committee told reporters If this bill hangs hangs' on here until even the week after next I Ido do not believe it could be made effective July 1 If not made effective then it could hardly be put i into to effect before next January Jan Jan- uary I At the same time George said he believed there were no Irreconcilable irreconcilable irreconcilable differences between the two branches of congress despite the action of the house Tuesday in rejecting to the senates senate's senates senate's senates senate's sen sen- ates ate's version of the Ruml skip-a- skip year plan The senate bill called for cancellation cancellation cancellation can can- of an entire years year's in income income income in- in come tax with exceptions for unusual unusual unusual un un- un- un usual war or other profits and installation installation installation in in- of a 20 per cent withholding withholding withholding with with- i holding levy against wages and salaries The house previously sly had voted to cancel about 75 per cent of 1942 taxes by abating the 6 per percent percent percent cent normal and 13 per cent first I bracket surtax A middle-ground middle plan offered unsuccessfully in the senate by I Chairman George was boosted Wednesday as a possible compro compro- mise On the theory that at least some cancellation will be needed to enable taxpayers taxpayers- to shoulder the you pay load George called for a horizontal abatement of 75 per per cent of the lesser of 1943 taxes for a all l taxpayers The Ther remaining r 25 per cent would be payable over a year two-year p period George said it was obvious from President Roosevelt's Monday message message mes- mes sage sage sag that he would approve no bill calling for per cent abatement abatement abatement abate abate- ment of a years year's taxes Therefore George declared the principal problem f facing cing the conferees conferees' is how mucH tax shall be abated The first session of the joint conference is to be held Thursday and Senator R R. Mich who characterized the conferees conferees conferees con con- as the tightest tied Ive I've ever ever heard about about declared anything anything anything any thing can happen One of the things that could happen a member member member mem mem- ber of the house conference group observed darkly is a deadlock The internal revenue bureau seeking to be prepared if an agree- agree men is reached is laying the paper groundwork for installation of the withholding levy a feature of virtually virtually virtually vir vir- vir- vir all the bills which have been discussed |