Show I Increased ased I Income Rate i Is Rejected by Senate I WASHINGTON AprIl 5 W The senate today r rejected a proposal to Increase from 4 to 6 pcr cent the ex cx- normal income teat C and to levy y surtaxes ranging tram from G 6 to 71 per pcr percent cent to as against an existing range of 01 1 to 55 per cent U It was offered by Senator R. R Wis By this action neton the senate retained the less severe revere finance committee schedule calling for tor a flat flat 4 per cent normal rate and surtaxes ranging inc from 5 to 59 per cent The committee surtaxes run runt l t ugh Hugh 29 brackets as compared with 28 in the house bill and begin with Ith 5 per cent on net Incomes between be- be tween and and reach 59 per cent on those over The Theote vote ote against the rates utes was 47 to 36 Senators Kin King and Thomas or of Utah U hl voted 3 against the amend amend- ment Looks for Compromises ChaIrman Harrison D. D M or of the finance committee looked for lor compromises on new taxes end and the proposed 3 cents a pound tax on cocoanut and other imported vegetable vege table t ble and fish oils He sad he him self cU would propose an amendment compelling corpo corporations to report In their returns a list st or of all those receiving Ing from them salaries and bonuses in excess ot of The LaFollette proposal the bi big hump In senate te consideration and once that is disposed of it il appeared ap ap- probable the entire bill would be given a final vote by tomorrow iI if not tad today Approves Tn Tae The senate approved one amend ment after another yesterday ay swiftly Without even breakIng stride for lor n a nr r record old vote It approved a te lax of at one one- tenth of at 1 per cent on the capital stock or of corporations allowIng each concern to fix its il own valuation but placing an additional 5 per cent leas le levy levyas as a penalty far fr The same kind of oC approval W was given an excess proWs profits tax This would place n a levy ot of 25 per pcr cent on the first of t surpluses adjudged ad ad- judged improperly accumulated The ls would be raised to 35 per percent percent cent for above on the adjusted ad ad- J s cd net income ot of corporations engaging en en- ga ing in this practice |