Show 1 u. u my DREW J PEARSON P E A Farm Co- Co Cops Coops ps to o Evade Tax ax FARMERS farm dont don't need to get excited about the chances of cooperatives losing their tax exempt status Most members of the house ways and means committee prefer refer not p to be quoted on this hot tamale but privately both Republicans legislation and Democrats d doubt that hat the C co cps PS Willie will be hitta hit in new new tax To get at the I co ops the committee would Section have to open up sa sacrosanct sacro- sacro c r othe o- o I of the Internal revenue code which exempts not only the co ops but also churches and religious groups labor unions educational educational Institutions Daughters of the American Revolution veterans veterans' groups groups and other segments In the no mans land land of our tax system Any effort to tamper with fth Section to take lake one these groups out ot of the profit non class ClaM and make It taxable Is likely to encounter strong r opposition from Crom the others fearing tearing they may be next on the program All this Is why ways and means chairman Harold Knutson Is la so soo o on anxious whether LT fh to pass ops co-ops the should buck be to tax the treasury department Apartment for lor an opinion A majority of the ways and means committee committee favors some formula for tor tapping the revenue of the cooperatives as distinguished from the small co Some Sortie of these big outfits export their goods have advertising adver adver- Using budgets and function much as private business Section eventually will be amended so the government can move In on th these se Big Berthas Bertha's but the country's or more small farm ops co-ops won wont won't t be touched by congress In the Immediate future futuro They have too many potent allies In Section t L L |