Show tax reduction bill in sight washington evidence that tile the democrats are petting getting really ready for a smash hing tax reduction fight at tho the approaching short sessi session ozi ot congress was giver given thursday when the ra ranking democratic members of the senate anti and house housa committees which shape tax hills bills on a basic plan of action out of a meeting between senator furnifold Furni told simmons of 0 the senate aln finance ance committee and representative jorn garrer ot of the ho house ways anti and means nicais committee camo came a con creto te proposal tov or it i permanent tax re dutie tion lion ot of which nicy be increased to it would cur t tall I 1 I 1 I 1 the corporation income tax from per cent to 1 per cent or oven even less would wipe out tho the excise taxes and ad perhaps slightly modify the tobacco tax and aad lower tho the surtax on oil incomes between and 9 |