| Show TAX RE REBY REDUCTION BY BOARD 9 ASKED CHICAGO BOARD OF TRADE AP PEARS BEFORE WAYS AND MEANS COMMITTEE Committee Is la Told That Grain Markets Mar Mar- keta Will Go to Canada Automobile Makers Macere a er Alto Also Protest Washington Washington Further Further urther petitions for for tax lax ax reduction were heard beard Thursday by jy the house ways and means com corn while Willie a variety of ot projects proposing modification of the Mellon revision plan were under discussion among various groups groups' in both senate and house louse Special consideration was given by bythe bythe the he committee to the tax on future trading on produce markets Philip Campbell representing the tube Chicago board of ot trade told the committee that the tax was driving the Chicago o grain rain market out ot existence and constituted eventually a sales tux tax on farm larm products L. L 1 F. F Gates of ot the Western Grain exchanges committee declared trade in grain products was being driven to Canada increasing I the burden of f farmers and described the Chicago grain exchange as ns de pressed l because of ot the tax ot of automobile manufacturers and associations direct ed a new attack on the tax on motor vehicles tires accessories and repair parts Representative Republican can of Iowa advocated doubling the present graduating scale of ot tance lance taxes and adding a gift tax to prohibit evasion easlon The gift levy he suggested should be slightly lower than the inheritance tax lax Chairman Green Oreen of ot the committee told Representative e Jacobstein Demo crat of New York he be thought broader bronder exemptions under the Income taxes would be allowed Mr Jacobstein had suggested that money spent for hospitals and doctors doctor's bills b be de under income tax Eleven bills proposing the remove nl III of the present tariff duty on all classes of ot meats poultry dairy pro ducts vegetable and sugar were in traduced by Representative Weller Democrat of ot New York Similar measures have bave been prepared In the senate by Senator Walsh Democrat of ot Massachusetts Chairman Kahn told the house mill tory tary committee that he had been bern as a cut clean statement would be he forthcoming from the Ford Inter ests eats defining their prevent attitude toward Muscle Shoals |
