Show t INSIDE STUFF t. t By r PAUL MALLON WASHINGTON ASHINGTON April The 30 ad did not lift its little fin ger to stop the senate plan for the rich in the new tax lax bill Instead henchmen In the house d red to the senate after aCler only a polite po po- lite struggle in the secret conference committee T The h e Tax lax l surrender came so Mean leans Big Ble fast reports got Experiment around that the administration sc sc- wanted with the plan for a year ear or so AdminIstration AdminIstration Admin Admin- men rushed into print with denials of such reports but the actions ac- ac ot of the conference committee spoke poke louder than the denials It If President Roosevelt signs the bill billIt billIt It will mean that we are arc going to ex cx with a tax theory which goes at least 65 per cent of the way toward confiscation of great wealth I The 65 05 per cent maximum tax on large estates is the spearhead of the indirect conf confiscation experiment The upward adjustment of surtaxes on large incomes and the strong I gifts ts tax lire re somewhat in line with this same theory Chairman Pat Harrison Harrigan once admitted almost that much on the senate floor Just now these new rates are largely large large- ly paper taxes because there Is so little wealth to pay them But if people start making mone money again at ata a 1929 clip the rates will vill become ver very realistic The rich have been soaked before with rates almost as high It did not mean anything then cause there were so many loopholes All these loopholes arc supposed to be plugged in the current bill III Ever Every person who pays income ta tax should hould see a ta tax as soon as this bill becomes Taxpayers law BusIness men Advised to par particularly tic u I a r I y See Experts should get expert advice to conform with the administrative t tive e chan es The bill is ostensibly a slIght reduction reduction re- re in taxes lor br every married man with an earned income of less than a year ear But the taxpayer will have e to be well advised to get aU all that is coming to him I lit I IThe The Japanese situation has been played down publicly to allay aUay undue excitement but President Roosevelt has personally devoted more time to toft it ft in the last few days than to an any other single subject His main d difficulty was to get a copy opy of the new Japanese policy over China The state department combed the world for it without success The pr private prate ate excuse offered by the Japanese Japanese Jap- Jap anese foreign n office was that it was an oral statement no copies ex cx- isted News correspondents in Tokio wIns whis to the American embassy there that the foreign office oice minister who ho announced the policy to them read his words from several sheets ot of paper I tJ e Mr Roosevelt's announcement about new naval construction was meant to be our Naval Plans first reply to the First Japanese He had Io 10 Japanese planned for some sometime sometime time to ask for funds to build more ships this sum sum- Continued on POIte Two STUFF Continued from Pare One mar mer but he chose this time for f or maximum effect in The da day he made his announcement a certain official ot of the state d depart put ment said The only thing thine that eVer seems to frighten the Japan Japanese c Ls is for forus forus us to do something to our our navy navr S S The administration labor crowd has fallen tallen out the over labor Jabor beard ard bill The trouble started when Donald the great labor lawyer 1111 Irs the N R It A had an idea that he could work out a bill better than Wagner At a White House conference attend attend- ed cd by Wagner and Labor Secretary Perkins it was agre I o let do the job t The re results were not at aU aLl sat tory to Wagner and Miss They privately called the draft a measure for lab labor r peace at any price Wagner and Miss Perkins put their heads together on a new of their own Copyright 19 1934 for The e Telegram |