Show DELAY OlAI I IN TAX lAW REVISION VI ION le Je e Probability Present Ses Session sion Will Act Say i Congressmen Congressmen- I v 1 Jy By David M. M Church nal News News' Service Staff Correspondent Cor Cor- Correspondent respondent f d fV V larch l 19 Re Be Re- Re i 1 Ion i ri taxes of-taxes during the present 1 sent s ses- ses sea sea- ii pf congress Is doubtful Secretary of ot the Treas Treas- has declared tax law aw re re- re Ion Is an immediate necessity to prosperity of ot the he country It was wal dent ent t today day that wide differences opinion exist on this this' question Conting Con- Con ting ig theories apparently prove a barrier to rapid revision he e laws t tJ present tax k POSSIBLE POSSIBLE SAYS RAINEY i f. f It Is impossible for tor the committee 5 90 19 all that is asked o of it by the at the present of or orI I ss SS Representative Henryn Henry T. n y Dem of or Illinois said toTo to- to toTo toTo IY To make changes alterations f in the old law and ande andel e el pact enact ct the new laws suggested jig require many months month's and the thes s sent nt session Of ot congress would fo o be extended extend d indefinitely HERS FOR QUI QUICK K CHANGE Democratic members of ot the gand nd means committee e however however- I hat at the laws can be he changed and I It Ir adjusted l very speedily About jt t is to to bedone be done to o meet the sug- sug ons ns of ot Senator Houston Is Is to tOI i out some of the hard places hoy ip existing laws Jaws and to en enact ct IS g got 20 per cent excise tax on surplus from Crom business which I dIstributed in order to off off- rt- rt p recent decision of ot the United supreme court that when such Is into stock tivit tivi- tivi 9 t t is not taxable as said r l' l n la live Cordell Dem Den of oJ n see We have known for tor fort 11 t a I of the inequalities of the presy pres- pres In y p and we should be able to cor- cor liem Ilem iem without much dela delay ERS FERS S TO PROHIBIT PROHIBITION ION t nun long i n some some- members of th the corns corns' corn con s' s there is opposition to any atto atI at- at I to arrange taxes to fill CUI the thee thee e e losses caused by the he supreme me decision We did not pass pass leg leg leg- t J to mal make up the loss we leg- leg for In the passage of ot the prop pron pro- pro n p amendment said Raid Represent- Represent Rep Hep of Ohio It whether w should 1 la I to counteract a loss due dUe to a ale ato le to court court decision Taxation of f 1 oed ded profits of oC corporations corporations' and ex excise x Iso ise tax taI on stock dividends will 1111 Ip questions I believe it might dangerous at this time to redraft lIl t system In many any way It might well ll for us to begin consideration fans neaps to simplify the present n mo nio c of or taxation QI 2 committee will consider the rifting of ot finance legislation but of ot the hou house passing 11 illat 1 at this session is remote comIt courted com com- It ted d Representative Crisp Den Dem r la |