OCR Text |
Show COMPROMISE ON TAX REVISIONDiSCUSSED WASHINGTON, Kay SO UP) A oompromlse plsa of revising corporate corpo-rate taxes, which advocates said might remove the chief obstacle to adjournment of eongrea around July IS, was discussed by congressional congres-sional loader today, , It was said reliably te Involve reduction re-duction of the present SM per cent rat on undistributed profits to 1 per cent. Retention of the principle of this tax advocates of the oompromlse said, would meet President Roosevelt's Roose-velt's recent demand that either the controversial levy be allowed to exand or some other impost be devised de-vised which would prevent tax avoidance. Bom senators who have kept in close touch with efforts to revise taxes said they were satisfied there would be little administration opposition oppo-sition to readjustment of other corporation cor-poration levies, provided the present level of federal revenue was maintained. |