Show I When the house and senate se ate have hare finally finished the tax bill ateI I for tor this session and when and If 11 it is 1 signed by President Tru man this years year's cut In the aver age persons person's income taxes will amount to approximately 10 per cent since the cuts cub are effective this year only after July 1 The question now is whether or not the President will wUl sign the bill bUl when he be receive It 1 sometime after the middle of June Some of his advisers are urging him to veto it on the theory that government costs will still atUl remain high and that now Is i l the tune time to apply the high income to debt retirement argue tha the Ithe not of th x yUh b th folks with wi incomes of v and under insufficient relief as compared to those with higher incomes On the GOP side of belittle the picture there seems to be little worry about whether the President vetoes the measure or not The GOP leaders are pro pro- proceeding on the theory that the tP fet d fh last election and that if fc the ea Pres ident vetoes the bill that will willbe be his worry As a matter of fact however with only about another 30 days t gO for congress the GOP leadership has bas thus thUl tar far failed faDed to pome anywhere near cutting ex in the amount prom prom prom- s by the hou s seand and by bf the ten ten- ate The actual total cuts run the figure and nd Demo rates claim c alp that there Is almost almost a billion dollars in this figure which is phony tand d will WUI have to be replaced if c- c cesary esary They point to the million dollars in m tax refund slashes included in the which must be put back in if tf taxpayers tu are entitled to the refunds estimated d be the Treasury |