Show tax fax cuts nearer The consensus of opinion among the experts is that congressional action to reduce reduce re re- re duce taxes is ow almost inevitable The best opinion is that tax reductions will spread into more than one field The most talked possibilities and are in the income tax and on ex- ex ese tax rates It will be recalled that Congress seemed to be moving rapidly toward tax relief in March This was after the initial Shock hock and following the failure of the economy to exhibit any sign bf a spring up Even President Eisenhower Eisenhower Eisen Elsen- hower bower seemed to be close to recommending relief and said as much Then as Democrats and Republicans obviously competed for the favor of taxpayers taxpayers tax tax- payers In calling for reductions the Administration Administration Administration Ad- Ad ministration cooled to hasty action and many of Mr Eisenhower's business advisors advisors advisors ad ad- visors he go slow on tax cuts pointing out that the cost of national defense de do- was going up not As the President contemplated a ten billion dollar deficit in fiscal 1959 he shed away from acton At about this his time Vivo Vive President Richard Nixon announced he was in favor of reduced taxes as the best way to fight the re re- Mr Nixon apparently wasn't so Closely Hosely informed on the Presidents President's slowdown slow slow- down flown as he might have been In the month which has passed since Easter Congress as collectively come to the tho view finally that some relief is al almost almost almost al- al most Inevitable and that with an electon coming up this fall it Jt would be prudent for the last session of the Congress to get credit for lowering tax rates Congress should adjourn by the end endot of ot July or early in August It Is now considered con conk more that that a good bet that ta tax re lief will be vote voted by that time |