Show radicals keen after tax legislation republicans la in tile tho R RADICAL next boxt congress tiro eire going after tax revision legislation tooth and toenail toc nall representative Ite frear rep wis has already framed the tentative tax revision program for submission to tho the radical congressional group self styled the alve group of which senator la fol lette rep wis Is the avowed and acknowledged lender leader this program while subject to change when the radicals radl cala get together next foil fall for it roundup round up on legislative procedure lu in a congress which they hope to sway away by holding the balance of power was outlined by representative frear as follows restoration of them the excess pfouts prouts tax but with a lower ate rate wan than formerly in the lower brackets brabets but a heavier tax in the higher brackets imposition of a n retroactive tax on undistributed earnings of corporations an Inc increase rense in existing taxes axes on inheritances 1996 ca heri A tax on gifts to prevent evasion of estate taxes abolition of the secrecy now required by law in the case ot of tax records and proceedings besides these bills amending tho the revenue law mr bir frear said that ho he also would urge a constitutional amendment making it pos possible for tho the government to reach both tax exempt securities and stock dividends this program la Is regarded by conservative serva tive leaders hero here as giving a fairly definite line of the form of attack to bo be launched against big business by tho the radical republicans pursuant to requests that bills bo be prepared and submitted next session for revision of the income tax laws several measures have been drawn to meet weak weakness nests inthe 1021 rovenua revenue law sald frear today tentative bills will vill be ready for submission to the progressive group and members of congress regardless of party who feel the needom need of definite nito legisla legislation ilon to meet wholesale investments in tax free securities and in stock dividends that are destroying the effectiveness of the income tax low law over invested in tax free securities and stock dividends dividend pays no personal income tax toda today when estimates for government purposes were made these wholesale tax evasions were never anticipated |