Salt Lake Telegram | 1937-08-19 | Page 1 | Senate Passes Loophole Bili

SENATE PASSES LOOPHOLE BILL Votes on Measure After Af-ter Brief Debate WASHINGTON, Aug. 19 fcP The senate passed today the administration's administra-tion's tax avoidance bill, designed to plug loopholes through which the government has lost about 1100.-000.000 1100.-000.000 revenue annually, removing another barrier to Saturday adjournment ad-journment of congess. House passage late Wednesday of the 1520,000.000 low cost housing program removed the major controversial contro-versial measure from the slate of tbe waning session. Approved after a brief and al-moat al-moat perfunctory debate, the non-controversial non-controversial tax loophole measure was sent back to the house for consideration con-sideration of minor senate amendments. amend-ments. No Record Vote The bill was adopted without a record vote a few minutes after the senate convened. Not a singls provision pro-vision was questioned. The senste also passed the Wheeler-Johnson child labor bill by unanimous consent and sent it to the house. The measure would prohibit Interstate In-terstate commerce in goods made by children under IS years of age, and. in the case of hazardous industries, in-dustries, under 18. The same language was incorporated incorpo-rated in the wage and hour bill which passed the senate, but the senate passed the separate measure today when Chairman Wheeler ID-Mont.) ID-Mont.) suggested that action might result in approval of that part of the wage-hour measurs at this session ses-sion of congress. Wage-Hour Bill Shelved The wsge-hour bill has been shelved for the session. Senator Bank head D.. Ala.) asked President Roosevelt today to authorize a government loan of 10 cents a pound on cotton. Chairman Wagner (D..- Ky.) announced an-nounced the senate banking committee com-mittee would delay action until next session on the Berkley trust indenture inden-ture bill, designed to give greater (Continued on P Two) I Col umn Six I Senate Passes Loophole Bill After Brief Debate I (Continued from Pif Ontt protection to bond and mortgage investors. The senate-house conference committee failed again today to reach an agreement on the sugar quota marketing bill. The senate bill, authorising federal fed-eral loans and grants for stats and municipal housing projects, was changed drastically Ty the house before approved last night, 2T4 to 66. As a result, a committee must adjust ad-just differences in house and senate sen-ate versions before the bill can go to the White House. A wrangle was in prospect, but sponsors expressed certainty an agreement would be reached. The housing program was the final measure on the Roosevelt program which Democratic leaders decided could be salvaged. Much of the administration legislation crop control, wage-hour and government gov-ernment reorganization has been deferred to the next session. It took the house nine hours to debate the housing measure, which opponents most Republicans and some Democrats contended would aid cities at the expense of rural sections. Sponsors quoted a provision provi-sion that funds would be used wherever needed. Provisions Noted In brief, the measure as passed by the house provides: Loans to state and municipal agencies agen-cies for developing low-rent housing or slum clearance projects, with communities putting up 35 per cent of construction costs. The senate fixed the amount at 5 per cent Capital grants up to 25 per cent of development costs. Annual subsidies, sub-sidies, of which communities would contribute 35 per cent An initial appropriation of $2t-000.000 $2t-000.000 and a 1500,000.000 bond issue covering the next three years. The senate approved a 1700,000,000 bond '"" Limitation of cost to a 5000 dwelling unit. The senate set a (4000 limit, with a maximum of $1000 a room. Limitation of funds for one state to 10 per cent of the total. The senate sen-ate figure was 30 per cent