Show TAX HILL WILL TA KE ITS TURN CHAIRMAN OF HOUSE WAYS AND MEANS COMMITTEE AN PROGRAM income tax credit proposal of president resl coolidge will hay have to walt wait its place on the con grese lonal calender calander wasill washington bigton green of the house ways and moana means committee which must first drat consider such legislation came to town Thu thursday Thura roday ilay and announced hla his committee would give the alien property IIII 1111 right of way the committee has been called to meet n next ext monday to consider this measure although he be hoa has repeatedly said lie he would not rive give any thought ut at the approaching short abort session renston to tho the question of 0 tax reduction lie he hail had lit tie comment to make on the tax credit idea after a conference with secretary mellon during this visit lie ho obtained some now new information on the condition ot of the treasury which led the president to favor a return of lie he prospective surplus of hla his fiscal year to tile taxpayers while he appeared none too koo copti over the prospect of tax battlo battle at the approaching session mr green sali he wound give study to the ad plan and probably would make an announcement of his views shortly neither is i the committee chairman very hopeful that the presidents sug BUB for nonpartisan consideration of the tax propos proposal at will got get very far it nua nd it Is IB understood lie he painted a rather gloomy picture to mr blell mellon on of the obstacles tax legislation might face at this session aes lie ile held field brighter views however about the allon alien property bill and he invited mr mollon mellon and undersecretary ton to appear before the tha committee next weel veer and outline tile tho stand of the administration on this proposal bould worle work out a plan for the immediate return of all alien property still hold held by the th government ment it Is ballove believer d that mr air green will indorse the administration tax pla plan rt which would permit income taxpayers I 1 to obtain a credit of about 25 per cent on their T first two payments of ne next at year it ho he approves of any tax legislation at this time |