Show H House us Adopts Gag Rule IH On Knutson I Tax dill Bill WAsHL WASHINGTON GT N Jan 29 UP UP- UP The house Thursday Thursday approved without significant opposition a take leave procedure for considering the controversial Inc income mc tax reduction reduction reduction tion bill bUl The called so-called gag procedure was approved bye by I voice Jit t bars hosa proved by the ways and and means committee and specifies that all Jl general debate on the bill bil be completed Friday j I Voting on the hot year election-year Issue sue will take pl place ce Monday Mongay Passage is a sure bet 1 House Democrats lined up a a most solidly against the o sponsored can-sponsored measure wilt will b be given one opportunity to send th the bill back to the ways ys' ys and d means means committee for revision But the Democrats have been unable to agree a ee so far on what kind of tax cutting legislation they want to support President Trum Truman for 5 40 everybody tax credit plan has won only partial Democratic support rt Rep Harold Knutson R. R Rn Minn sponsor of the G GOP 0 P bill led of off oft general debate by appealing appealing appealing appeal appeal- ing to the h house use to approve the measure as an indirect pay boost for wage earners He said the legislation Is Is' needed to o combat inflation n and preserve the American American American Amer Amer- ican system Opening debate on a measure that promises romi es to be a hot election year issue Jue Knutson said the tax c cut t would bo be helpful to wage earners earner's earners earn earn- ers er's ers troubled d by th the high cost of living Assuming that ll the e aver average ge family consists of a man his wife and two children that the bread breadwinner breadwinner breadwinner winner works 40 hours a week and earns a year yearn he said II this bill Is the equivalent of a an hour wage increase Knutson told the house that we must reduce taXes takes and nd not Increase increase In In- crease them the as advocated at d by the president the The president Is advocating imposition of an an excesS excess pr profits fib tax on oh corporations with aa a rate a rate as high as 15 75 the chairman of ot the writing tax house ways and meanS means committee said ItIs only through tax reduction tax and d retrenchment m t spending spending spend spend- p rid rid- ing mg that we can hope to combat inflation and nd pr preserve e e eUie the Uie American American Ameri Ameri- can can system Debate Deb te on ns n's bill biU is scheduled to l last r. r through rough Friday with a vote to be taken betaken Monday D D' De e m o c e r r. a at Bt t a s and and Republicans agreed ed t that at the bill Al will ill pass pw but not by the two-thirds two majority necessary ary to override a pre presidential veto President Truman has virtually promised that he will veto the G GOP 0 P bill a move that would set the stage for a bitter partisan battie battle bat bat- tle tie In this election year Although the senate Is expected to change the house bill to 0 p soften the loss of government revenue Mr Truman Tru Tru- Truman man has indicated his opposition to any substantial cut ut In taxes at this time Knutson chided the treasury for underestimating tax collections in inthe inthe inthe the last ast two years and urged the house not to be misled again He s government revenue would be more than ample to permit a tax cut Republicans were not worried about the prospects prospect of ot failing to attain a a. two U two thirds r majority on the first congressional test of the Knutson tax reduction measure They expect senate changes to win en enough ugh support to get past a veto |