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Show Tax Reduction Bill in Sight Washington Evidence that the Democrats are getting ready for a smashhing tax reduction fight at the approaching short session of congress was given Thursday. when the ranking Democratic members of the senate and house committees which shape tax bills agreed on a basic plan of ;cti n. Out of a meeting between Sen--tor Furnifold Simmons of the senate .inance committee and Representative lorn Garner of the house ways and means committee came a concrete proposal for a permanent tax reduue-Mon reduue-Mon of $325,000,000, wliich may be increased in-creased to $400,000,000. It would curtail cur-tail the corporation income tax from 13V2 per cert to 1 per cent, or even e-s; would wipe out the excise taxes and perhaps slightly modify the to-'acco to-'acco tax and lower the surtax on incomes in-comes between $30,000 and $90,000. |