Show BONUS AND TAXES GO UP Senate Now to Decide Which Measure Gets Preference WASHINGTON ASHINGTON April 12 Final congressional approval al of ot the th leg leg- lee fiscal program In Involved In Inthe inthe the soldIer bonus and tax reduction reduction reduction tion bills bill was nas put up to the th senate enato tOday when ahen hen the th finance committee sent the th bonus nur mo-nur on the trail ot of the th revenue bill to the sen- sen senate senate ate en-ate ate floor Republican leaders IMmediately called a party conference for tor Mon Mon- Monday Mon Monday day doy to which measure be l e given elvon priority of the th two parties early action on both bills bill The bonus measure was approved by the th finance Inane committee a as passed by the th house hous without the formality of ot a 0 vote At the tho same time public Chairman Smoot made mad pub pub- lie lic a 11 report estimating the revenue bill as a framed bv by the th would cut taxes tax In the tb next calen calen- calendar calendar dar ear 0 4 4 below the amount of ot revenue which will be needed to meet government ex cx- cx ex pense This did not take tak Into consIder consIder- atlon atlon Mr Smoot later declared the which It Is estl esti- esti estimated mated will be required to meet the cot cost of ot the th bonus bonu bill next year yearTh The apparent deficit which the there thre re enu bill would cause he h pre pre- pre predicted would bo be offset by in- in increased In Increased creased return In la government enu rC as a 11 result of o the th proposed tax re rc Islon Despite the tho th dispute dl put over o the th cost of the tho bonus bill thid d whether funds will sill be b a to pay for It forIt Its Ita passage page by a comfortable majot Ity has hM been freely predicted The bill bull which provides for tor cash cah ca payments to veterans not entitled to mOre mor titan than 60 in adjusted ser ser- service service vic er-vic vice compensation and 20 year en- en endowment endOwment en endowment life lite lit insurance policies to others othen passed the th house hous by a vote ot of 31 to t 4 U Senator Summons Simmon ot of o North Caro Caro- Dna ranking on the th fl fi- fi finance nanc I-nanc nonce nance committee ee announced to- to today day f-day day clay he h would propose an amend amend- amendment ment mont ment to t the tho th bonus bonu bill from the th floor to incorporate an option for fun cash cah pa ments menta This pro pro is I 1 expected to have hav consIder consIder- consIderable abl able support particularly from The Th revenue bill a ai as sent to the senate enato floor would cut revenue re- re receipts re receipt 34 next calendar year yar by Chairman Smoot declared 1 In hi his report submitted today The house houe e bill It was teas estimated would cut revenue by I Cost Cot of the bonus bonu bill II has ha been variously estimated by 10 actuaries at ill from 2 to 10 8 5 spread over 20 years year I nith an estimated anD annual un I cost of about |