Show J a i i Nat National onal Topics Interpreted t by William Bruckart I Washington Washington Administration lenders lend lead leaders ers In congress are prepared to oppose op op- oppose pose any addition Fight to the tax burden Added Taxes of the country through the action of ot the next session Although the White House Douse has made no public pronouncement It Is the understand understanding ing tag that the leaders In the senate and md the house who hn have e tal taken cn un un- Increase Increase Increase In In- positions against a tar crease In 1935 1035 were reflecting the view slew they had bad obtained from President President President dent Roosevelt In addition to their own rn conviction that this Is a n bad time to Increase the levies which In Individuals individuals In- In and business Interests Interests' must mast pay for tor tho the upkeep of ot tho the government gov gov- I 1 During tho current weel weeks s there has bas developed some Indication If If Indeed It Is not an assurance that there will be curtailment of ot federal expenditures Just how this Is going oln to be accomplished Is not yet clear but It can be stated on highest authority nu au that a n curtailment of ot the outgo from tram the treasury Is expected to be he accomplished In making that statement I think i 1 ought to add that the curtailment Is contemplated with respect to emergency agencies and does docs not Include any of ot the various new Dew proposals from segments of Louse house or senate memberships Involving In In- additional heavy hemy outlays As Asan Asan an example of ot this type of ot expenditure expendi expendi- e expenditure ture I r refer reter to the proposal for ImmedIate Immediate Immediate Im Im- Im- Im mediate payment of ot the soldiers' soldiers bonus That there Is a strong demand demand demand de de- de- de mand for this action there can enn be he beno beno heno no doubt Yet on the other hand there Is bitter opposition both In Incon con congress ress and among administration leaders to the program that would entail payment of something like e etwo two billion dollars to the former soldiers soldiers sol sol- diers sailors and marines of ot World war ivar days The question of ot taxation always Is 19 of ot an explosive character Hence the urge ure on the part of some of the new dealers denIers for an nn Increase In taxation tax tax- so that emergency spending might bo be made to appear more In Inline Inline inline line with government Income has precipitated an Issue very quickly The proposition had hardly begun to gain momentum when Senator Robinson of Arkansas the Democratic Democratic Demo Demo- cratic erotic floor lender leader of ot the senate and Senator Harrison of ot Mississippi chairman of ot the senate committee on finance both were called to Warm Springs Ga for tor a conference with Mr Sir Roosevelt It was said at nt that conference that taxation was not Dot the only thing discussed but nevertheless nevertheless nevertheless nev nev- both leaders lenders came away from tram the temporary White House with the announcement that tha t there would be no tax boost In the 1935 session of congress Simultaneously Represent Representative a t I v e Hill Bill Democrat of Washington ton chairman of ot a subcommittee of the house bouse ways and means committee made known his opposition to a tax boost Mr Hills Hill's committee has bas devoted devoted de de- I voted Its attention to a survey of tax rates and revenue requirements and has hns reached the conclusion that thatto to increase the levies now would be beto beto beto to retard recovery as a result of ot additional additional ad nd Imposts on business The Tile Washington representative feels that the present tax structure will function properly and provide sufficient suf sut- revenue Just as soon as there IB Is a return of at something approachIng approach approach- tug Ing normal commercial activity He thinks there ml might ht be some simplification simpli o of the laws applying In g to the various forms of federal taxation but he considers them adequate as revenue producers If It and when there Is a normal volume of at business In this connection It seems advisable advIsable advisable advis advIs- able to recall that Secretary Mor- Mor of ot the Treasury sent a freshman treshman team of brain to toEn En England last summer Bummer to study the British tax system While this committees committee's commIttees commIttee's committees committee's com com- findings and recommendations recommendations to the secretary have not been made public Insiders tell ten me that the results of that Investigation added very little to the sum SUID total of knowledge concerning our own problem Mr Jr Hill In discussing the governments government's governments government's governments government's gov gov- financial condition gave e a It as his opinion Not So Bad that we are not Financially In such bad had shape now DOW His statement statement state stute- ment referred to an nn approximate balance he between tween receipts and what the administration calls ordinary expenditures These expenditures Co go for support of the regular government government gov gov- establishment and no part of at them theta Is used In maintenance of recovery operations such as ns the Agricultural Adjustment administration tion the Public Works administration tion or the Reconstruction Finance corporation The funds used by these alphabetical agencies come como from the sale Bale of bonds It Is borrowed borrowed borrowed bor bor- rowed money and sometime mu must t be paid back Mr Hill assumed the these e repayments were not necessary to tobe tobe tobo be bo considered at nt this time He was concerned solely with having the ordinary ordinary or or- expenses covered ered by the regular reg reg- olar ular annual receipts There will be tax legislation In tho the thoa a forthcoming session That Is ne nee nee- stry Its character however wille will Je le limited under onder present plans plane t to considerations made necessary by expiration of certain present stat stat- utes The emergency brou brought ht the necessity for enactment of ot various nuisance and find excise taxes such as the tax on checks and gasoline and numerous others These must bo be continued They have been producing something like four hundred bundred and twenty million dollars annually a good sized chunk of ot revenue In an anybody's lan language age It Is planned therefore to rent renew w these There may be some revision and some change In the bases but tho the principles Involved In those levies levIes levies lev lev- ies seem certain to be continued enactment Re-enactment of at these statutes Is not expected to have a material effect on business because business business busi bust bustness ness has become adjusted to them I am Informed by business experts that undoubtedly business would move forward more rapidly 1 If these taxes could be eliminated President Roosevelt and his emergency emergency emer emer- gency bency administrators believe they have ha hit upon a 11 Money for new and the Needy e plan to give money out to those who need It They are nrc about to embark upon n a pro program ram of encouraging encouraging encouraging en en- personal loans loans by hy banks to Individual men and women and to guarantee repayment of or a portion of or each loan made It Is viewed as ns exceedingly ly Interesting Interesting interesting Inter Inter- esting that a national government or an any other governmental go agency for that matter should embark on such a n policy because there are those who hold It to be bo a dangerous dang precedent I have hae done considerable considerable consider consider- able rescar research h work r regarding this proposal and I hn have e failed to find In Inthe the records any such move inthe In Inthe Inthe the history of Important nations of ot the world It Is therefore un un- one of the most highly experimental steps yet taken In this maelstrom of at recovery plans Announcement of the scheme was made by James A. A Moffet federal housing administrator who described described de de- scribed d It as marking a Cia new ne era ern In to American business It Is true that there are certain types of banking Institutions that have made Individual Indi vidual or so-called so character loans where no collateral security was offered by the borrower and where whereon on only the hood good name and the record of the Individual warranted exten exten- I sion slon of ot this credit Mr said that this charac charac- character ter loan Idea den would prove pro to bethe bu bl buthe the very erv foundation of the home mo modernization program which he Is administering He ne described the action action action ac ac- tion as ns one predicated upon the governments government's governments government's gov gov- ov absolute confidence t that at atthe the average a American will keep his promise to repay what he harrows borrows Nor Is that position as ns much of ot ofa ota a Jump In the dark as It at nt first may seem said Mr Ur As usual Uncle Sam Sara knows what he Is do do- Ing Before offering to Insure these loans he consulted the tile country's records on Installment buying He Be also asked what had been heen the experience experience ex ex- of ot the few banks who up to last spring had made character loans From the banks and from commercial organizations selling on the Installment plan he learned that the average American Is honest and that the loss from character loans was Just n a little more than three- three fourths of ot 1 per cent It Is now believed that the world court Issue will be settled definitely early In the next j n World Court session of con- con Issue gr gress The foreign fore for for- e eign I g n relations committee of the senate which must pass HISS on such treaties has an nn agreement agreement agree agree- ment to send the resolution of United States adherence to to the world court to the senate early In January and anel according to present Indications the administration can cnn easily muster enough votes to adopt that r resolution Pressure for or American affiliation with the court Is stronger stroner now v than It ever er lens has been heen before because of ot the disturbed world political situation situation situa tion the breakdown of ot the naval limitations treaties and the tendency ten ten- tendency dency among nations to split u up Into groups for arrangement of or a balance of power O Observers here take the position that American adherence to the tho world court would have far greater grenter significance throughout hout the world now than it would have had earlier earlier ear ear- lier because of the revival of or dis Us discussion cU- cU slon as ns to whether the United States should enter the l League of or Nations It will be recalled that President Wilsons Wilson's proposal to joIn the League of Nations precipitated one of ot the most bitter controversies In which the senate has hns ever er been engaged It subsequently rejected the plan and little more has hIlS been heard hemd of ot It until this fall and early winter Now there Is what appears appears ap ap- pears to be a n determined movement on foot for Cor the United States to Join the league and some of the proponents of American adherence to the world court believe that a n note vote ote to Join the world court win wilt carry the United States one step stel nearer to with the lea league e Itself O. 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