Show TAX BILL WILL take 15 TURN CHAIRMAN OF HOUSE WAYS AND MEANS COMMITTEE ANNOUNCES PROGRAM income tax credit proposal of president coolidge will have to wait its place on the congressional calender washington chairman green of 0 the house ways and means committee which must first consider such legislation came to town thursday and announced his committee would give the alien property bill right ot of way the committee has been called to meet next monday mondak to consider this measure although he has repeatedly said he would not give any thought at the approaching short session to the question ot of tax reduction he had little littie comment to make on the tax credit idea after a conference with secretary mellon during this visit he obtained some new information on the condition of the treasury which led the president to tavor favor a return ot of he prospective surplus of his fiscal year to the taxpayers while he appeared none too optimistic over the prospect of tax battle at the approaching session mr green creen said lie he would give study to tho the administrations plan and probably would make make an announcement ot of his views shortly neither Is the committee chairman very hopeful that the presidents suggestion tor for nonpartisan consideration of 0 the tax proposal will get very tar far and it is understood he painted a ather gloomy picture to mr mellon of 0 the obstacles tax legislation might tace face at this session he held brighter views however about the alien property bill and he invited mr air mellon and undersecretary winston to appear before the committee next nest week and outline tho the stand ot of tho the administration on this proposal which would work out a plan for the immediate return of 0 all a ll 11 alien property still held by the government it is believed that mr green will indorse the administration tax plan which would benit income taxpayers to obtain a credit ot of about 25 15 per cent on their first two payments ts ot of next year it if he approves ot of an any y tax legislation at this time |