Show Tax Cut ul Recall Possible Morse Warns Senator Will Support Slash Pending U. U S. S Military Change WASHINGTON ASHINGTON v March 22 INS INS Senate Senate passage of the thea G a GOP o 0 P tax reduction bill by a a. majority large enough to override override override over over- ride a presidential veto was as assured assured M- M Monday by a Ii series of announced an an- flounced shifts Sens Morse lorse R. R Ore Oro Langer R. R N. N D. D Lucas D. D Ill and d Holland D. D FIn Fla who opposed tax re reductions re- re rt af J year ago told ate that they would vote ote for the tax cut V WASHINGTON WASHINGTON- March 22 UP Pl- Pl Sen Morse Mors R. R Ore said Monday Mon Mon- day that if world conditions get worse congress may have to recall a proposed tax cut With a senate vote o on passage of at a tax cutting bill set for late Monday afternoon Morse told tie the senate he will support support support sup sup- port the reduction edu But Morse Mors said that if larger military spending becomes necessary necessary necessary sary congress may have to return present tax rates rates rates-If if it succeeds in writing the cut tax t bill into law Morse said he has p personal any drastic tax reduction but believes ieves the pe people want tax cuts tax reduction last year Plans Amendment Sei serl y D. D Wyo an- an he lie is offering an amend amend- tit I through gh the h lri invest t- t ent n- n plants c ci uld b be written off in tax reductions ir in hi five years Present law spreads the off write over 20 years i The rhe OM h ncy y amendment also would put coal and oil shale on the same tax depreciation allowance as petroleum Republicans were confident th that t both boUt the house and arid senate would s support the bill by the two-thirds two majority needed to kill a veto The bill would I 1 1 Raise the present perSonal personal per per- ronal exemption to The aged or blind would be granted an additional additional additional addi addi- exemption 2 Permit married couples couples' in all states to split their earnings in filing tiling tax returns In many cases th this called so-called community property provision will mean lower taxes than i if it the tile husband or wife alone filed a a are re return turn Provides Cut 3 Reduce taxes by from 5 to G GOP 0 P prospects for overriding a aveto aveto aveto veto improved sharply during the week end when Chairman Harold Knutson R. R Minn of the house ways and means committee indorsed in in- the senate I a The house had approved Knutson's Knutson's Knut- Knut sons son's bill bilt calling for a Knut-I Knut tax cut But he said the I lower senate figure was acceptable The major difference between I the bills i is in the amount rather than the method of tax reduction The senate finance c com committee o m m it H t tee e e pared the over-all over slash in the house bill by scaling down percentage percent percent- age reductions |