Show This Week Weak In I Washington 9 D. D C C. C Washington 10 AU Auto Auto- As caster caster As nearl nearly as anything can be certain which has not yet y happened hap I p ened Congress will rep repeal f or pr r greatly grealy mod modify modify fy the taxes o on on indis dis d r corpo-r corporation tion profits and andon don on capital gains and it will do this with the hc bl blessing s of the White House This relief for business calculated to o Inspire confidence and induce capital if to invest in enterprises which will put put- men back back to work is regarded regarded re re- gar ed b by all official Washington as s the most essential thing to tD be done That opinion is practically una unan t ous in both Houses of Congress Con Con- Congress gress a and in Administration circles circle from the President down If these these tax tax reforms can be rushed through In this special session the t effect resu be quicker in Its in In n br breaking aking the present business depression depress de l press ion but In spite of the press press- I ng no nod nerd d for such relief Congress shows shorts S signs of not letting itself be stampeded into hast hasty action Congressional Congressional Con Con- gressional memories memories are are keen and they recall that that the tiro undistributed profits tax is isono ono ono or of the New NE' Dea measures ures was s rushed through under finder r pre pressure sur fr ill m m the White House I se f fi i A A 9 we j j I c CO CONGRESS RESS GRESS BE n COrES BECOMES OYES VAIn WARY y 4 L r This time lim the tho pressure comes from the entire business b world orld but Congress Con Con- Congress gress is apparently determined et tr I proceed eed in manner and and not note not notto t to en enact ct lr an another th r law aw which i fUits iu fU its ts turn kIJ 1111 all for am amendment n ment Q 01 or repeal in years year's rs time The rhe pro problem lem lemis lemI I is hot trot So so much how v to amend the I tax law a w in that respect though ho gh I Inre are differences or of yet yetto to b be bf I ironed out as s It It- ItIs Is to provide in the same same general i r revision vis ion of f the tax tax- i laws Bonto other taxes to fill thE thE- g gap in rei revenues revenues wh which ch the proposed I Ia a action Uon would ld leave r r On no no- 1 question 1 of legislation in years l has ls such such sucha a a unanimous unanimous public f opinion been be disclosed as as' ason as on ou this Heed need of of tax tax relief for capital It has bas if been J expressed spontaneously and l y r and nd is all ll the more sigy sig sig- t because of the speed with which it has developed The public hearing conducted by Representative tive r. r Fid q d M. M t. t Vinson of Kentucky en u kY chairman chairman's l' l of of or sub committee u eo ol oS the I Y Ways ays s and Means Means' COIn Com vho liO spent q a largo large part ol 01 the Congressional n intermission in tull tr tax situation it at l are arc responsible l or ora of a a a gl gi great eat at deal of or the surprising public hit interest rest jl ji jn t t ioa Th They are are also rc responsible for o disclosing dis dili closing closing- ill Mr Nr t to the public pUblic af as afa asa ast a n hi highly t tilY intelligent nil nd level headed statesman with the tho result that flu Presidential d J lal eye lighted upon him a man to fill tho high post of r Justice o of t the e cot Court Ii of Ap Ap- peas eals or of the tho District strict of or Colu Columbia Mr tier r VI has he been n appointed LOI to LO that thaU office i a and l wil will take his seat c t OD ODon D I r. r t 1 Cc d OD on last page r. r j M N I 4 7 This Week In DC D.C. Continued from p page ge one he the bench as was soon as he can cleat clem clemp p his Congressional work ork on taxes BUDGET BALANCING l MOVE As an earnest of the sincerity of 01 ofis ol olIs Is dEsire to brin bring the Fe Federal eral bud bud- jet et into balance the President haf ha a reduction in Federal appropriations appropriations appropriations ap ap- ap- ap for highways All the major trunk roads aro now in ht goo good ape he lie pointed out the other day ad the to market roads built by Wl W P. P PA A. A ore aro ro about completed Tho The Federal highway appropriations appropriation ve ye been running ruining at nd around lillions a year and Mr 1 Roosevelt hinks half or less of that would be enough In the effort to stimulate business he President has given gien orders to al aU r r. r ul r fl un till the J ces' ces nary sary purchases of all kinds of ot supplies sup I plies for which appropriations have been made About ol of goods from cement t to typewriter ribbons are aie to be bought by Uncle Sam Sant S lIn between now how and June 30 W when the fiscal year ends If most of ot that can be put Into circulation In December December December De De- cember January and February it is la figured the effect on business and employment would be beneficial ial PO Elt CHIEFS OPTIMISTIC Much larger expenditures are in ill prospect on the part of or the great public utilities as a result of or recent White ousa 11 conferences between the thc President and the heads of or tho the big power companies While there isas Is la laas as yet yc-t no official assurance that the Administration will abandon completely com corn Its Us policy of developing all the electric energy possible In th course of river Improvements In aid of navigation a lion there are many in in- indications indications here which have led th the power magnates magnat s to the optimistic conclusion that they have e no serious competition to fear from the Government Gov Gov- in lu the distribution of elec elec- file Current J I The heads of two of or the largest larger distributing systems in the tho p power after East Bast and South announced visits to the President that the Y way y seemed to be clearing and that their spend hundreds hundreds hundreds hun hun- tomp companies s were ready to of millions in n new construction construction construction tion and put thousands of men to work as soon as the they received d definite definite definite nite assurances of Federal co cooperation cooperation pera- pera tion instead of ot antagonism II BUILDING PROGRESS SLOW Progress Is slower in In the theof matter feel eel feeling eeling of ot stimulating building but a ing ins of or unusual confidence e exists here hero found of making that a way will be It both profitable and sc seizure e. e for or capital to Invest in building pr projects of ot all nn kinds and here again there are lre a assurances from those In in contrOl contro investment capital of h 1 huge e sums of oC that they will spend by the h hundreds of or millions as soon soan as a n satisfactory dory plan of cooperation has been worked work d but aut lJ 1 t. t In all the discussions golI going g on n about ways and moans moan's going on n tide of or business depression the first and major item of ot the program for forthe or which the President called caned this 8 special cial session of Congress has not been becu overlooked but is far tar from being greed upon That is the Farm Bill with its provisions for tor crop p control It Is 2 complicated aI and d lengthy document which few of or the members members members mem mem- bers of ot either House understand as 03 as yet rot Nobody knows knows so far tar how much more the AgrI Agricultural De Do- Departments Department's farm program would ost than the five hundred millions now available There is a bitter battle In prospect over the quotas to be to varl varl- ous ius products s and an especially bitter difference of at opinion about making quota allotments so ao mandatory that may be put in jail jaB If Ir they their production If ny my farm bill at all is enacted before before be- be fore ore the special session rises it will surprise most observers |