Show MAY REPEAL NUISANCE TAX Levies on Small Incomes May Be Lifted Reduction Reduction tion Impending S WASHINGTON July lY 4 I W Another controversy ers between th the r administration and congress on th the method of or tax reduction Is Jm im- im pending I ng As was the case caso last year when the Mellon McHon plan was rejected sur sur- surtaxes taxes will constitute wilt Will constitute the principal fighting point with the Inheritance taxes axes as a a. new element clement In the tho dis- dis agreement President Coolidge has lU made clear his position that there thero should be a a. very cry cr substantial reduction lion tion In both of these taxes axes and administration leaders In congress have Indicated that his program will have more cohesive support nom irom their ranks ran Its than was apparent ent a year ar ago While agreeing some reduction in the surtax and Inheritance rates Is l desirable de some leaders lead rs at nt least leas among the Democrats and the Re Re- Republican publican Insurgents who combined to defeat the Mellon 1 plan are In In- In Inclined dined to the tho view that there are arc other factors factor which should have lint first attention COUZENS' COUZENS PROPOSAL L. I While they have as yet et had ha hano no conferences for exchanges of or views to toa toa toa these leaders lenders are giving study a proposal outlined recently by Chairman Couzens of ot the tho special enate senate tax X Investigating e committee for tor a I repeal of the nuisance taxes and of the levies on small email In Incomes In- In Incomes comes with a 11 reduction then as a asfar afar asfar far as might be In the surtax rate late lel Indications now are arc that In the fight between the tho lye Ive and legislative branches th lines Inca are ore not going to be drawn as sharply as they were a 0 year rear the new now congress con con- convenes vanes venes In December the tho ran organization will find Itself with a a. nearer approach to an ac- ac jal ual working majority than It Il has hasS had flad In a number of ears als There Thore S oll-o oll are arc signs that the Democrats will wiIl be b less a unit on the tho larger of or policy than they were ero a rJ a the time of ot the enactment of illO he I last revenue measure The rhe actual amount of tax re reduction re- re which the t he administration recommends will depend In a a. very arge measure upon the actual and indicated treasury surplus BIG DUE Whether hether the negotiations soon I x 0 o be entered Into by this coun- coun ry with France Italy and Del Del- BelC C um urn progress 10 to the point where results can be translated tran In- In Ino 0 o the new tax law remains for future determination The Inter Inter- Interns ns Its on these debts If It refunded In he same came terms as was the British debt would approximate In excess of annually When hen the house and senate com corn come to the task tack of writ writ- writing writing ing mg a I new tax law they will have hav available a vast VlUt store of ot Information Information tion lion gathered by the special sen son senate ate te committee In Its Us Investigation the senate committee dealt dean exhaustively with uch moot subjects as tax-exempt tax capital gains and losses undivided surpluses of or corporation nd rid law administration 00 |