The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-03-30
HOUSE MOVES
TO RUSH NEW
TAX PROGRAM
Speaker Garner Again Wins
When He Takes Floor
for Second Plea.
BOOST TOTAL AMOUNT
Additional Schedules for
LevieS Are Submitted
by Committee.
BY MARSHALL M'NEIL
Times stan Writer

WASHINGTON, March 30-After
more than three weeks, a sobered
house today pushed quickly toward
enactment the revenue bill that will
levy more than billion dollars in
new taxes on the rich and poor.
The bill as now virtually agreed
upon is designed TO balance the
budget in the next fiscal year.
Only minor controversies are in
prospect between now and the time
the measure is passed and sent to
the senate, probably in very few
days.
The coalition which overwhelmed
the leadership and defeated its pro-
posed sales tax, again is in line as
the result of a fervent, almost tear
full, and completely dramatic per-
sonal appeal of Speaker John N.
Garner for balancing of the federal
budget.
But this group only needed the
leaders again, because it had won
its victories.
NAAAy AaACS
These were four, the latest having
come Tuesday. First, the coalition
increased surtaxes on the rich, and
then it increased estate taxes, Civ
ing definite social atmosphere to
this revenue bill. Then it defeated
the sales tax.
And finally Tuesday, it forced
the house to accept a series of spe-
cial excise taxes on luxuries and
semi-luxuries, a program in accord
with the original Hoover plan.
Speaker John N. Garner won an
other victory today for harmonious
balancing of the budget when he
quelled an incipient revolt in the
house over question of CONSOLE
dated tax returns for corporations.
The ways and means committee
brought in program of additional
taxation designed to raise $4,000
600. Overnight consideration of
Tuesdays proposals indicated thev
would fall about that much short
Of balancing the budget and added
taxes were recommended.
Garner Again Victor
Garner, taking the floor for an
unexpected speech, won house an
proval for the committee proposal
of a IS per cent tax on consolidated
corporation returns.
Representative Fiorelle H. La
Guardia (Rep., N. ", who helped
tear the bill apart last week in the
light over the sales tax, was among
those who pleaded for harmony
when the Speaker had concluded.
and the committee recommendation
was quickly approved.
The following new rates were
agreed upon and will be submitted
to the house as part of the Demo-
cratic program.
Increase of corporation tax bv
one-half per cent to 1914 per cent.
Revision of consolidated returns
provision.
Eight per cent on oil transmitted
IN pipe lines. Five per cent on air.
plane manufactures.
Revision of the gift tax to a
maximum of 3312 per cent.
Under the original bill, the new
tax burden would have been borne
chiefly by persons of small means
and the poor, who would have had
to pay the general consumers tax.
Now the rich will bear a larger
share of the burden.
Approve Excise Levies
The status of the measure as
adopted Tuesday was:
The original bill, minus sales tag
and including higher income and
inheritance taxes, SAP, 100000.
Supplemental recommendations
for special excise taxes, some en-
acted Tuesday, and changes in ad-
ministrative provisions, $434 600 900.
Budget cuts, probably including
some salary reductions, s243. 600. 600
Postage rate increase from 2 to
3 cents, s135, 900, 900.
These provisions total s1254 ooo-
900. 80 -''O''
To these now may be added the
additional schedules provided TODAY
by the committee.