Show NEW TAX BILL WILL CUT LEVY MELLON TAX BILL DILL MEETS WITH APPROVAL OF OP HOUSE COMMITTEE Few Change Changes Are Contained In Text From Outline of BIllal BIll BUI BUIas Billas as al Announced From Treasury Tury Washington Reversing Ite Its previous prey ious Ions policy the house houle ways and means committee Friday made public the new revenue bill in the form torm it was sent to the capitol by Secret Secretary ry Mel Ion The text contains few changes from the th tb outline of the bill which has been publicly publIcly- announced announced at the treasury It follows Mr Mellons Mellon's proposals for fora a sweeping revision of tive th-e provisions to prevent tax dodging Including a provision for tor a board of tax appraisers to act aaa as aa asa asa a court of appeals In la disputed cases and ad makes detailed provision for the tar tax reductions reductIon I advocated by bythe the secretary A fight tight for tor publicity f for r the meas m meas measure as ure are was conducted in a subcommittee sub commit tee meeting by Representative Garner of ot Texas Teus the ranking D Democratic member Chairman Green and other majority members insisted then that the text should be held in confidence as a courtesy to Mr Mellon Inas Inge Inasmuch much os na the principal provisions al al already ready rendy have been published however M Mr Green decided Friday that there was was no necessity for for further with h holding publication The recessed after atter Fridays Friday's session until after fter the first tint of the years year year when the full ull committee again will take up consideration of the measure The Tha bill b was made public in the tha form of f a reprint of ot the the voluminous revenue act of 1021 1921 with scores of ot in In and other amendments indicated Detailed outlines of these amendments amendment were were made public by Secretary Mellon on November ILand lLand on D December ember 10 16 ant and nd were printed throughout the country In many cases the language employed em em- employed to carry these changes into effect is II so highly technical as to be unintelligible except on the basis of explanations by the experts attached to the committee and to the treasury for that purpose The normal income t tax X sections of the existing law are left undisturbed except that the present 4 per c cent nt rate is redu reduced ed to 3 S I per cent and the present 8 S per cent is reduced to 0 per cent |