The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-05-09
MEASURE IN FORM
DECIDED upon AT
MILLS CONFERENCE
Raises Income and Corporation
Taxes Above Figures
Voted by House
EXCISE LEvIES REDUCED
Loss in Revenue is Offset by Du.
ties on Rubber and Some
Other Items

Washington, May 9.-(P-In the
form agreed upon last Friday In
conference with Secretary Mills, the
billion dollar tax bill was reported
Monday by the senate finance COM
mittee.
The bill raises the income tax and
corporation rates above the increases
voted by the house. It repeats many
or the special excise levies provided
by the house and offsets this loss in
revenue with rubber import duty,
| higher automobile levies and greater
! admission taxes.
Four other tariff items, oil, coal.
copper and lumber. remain in the bill.
In response to urging by President
Hoover in weekend conferences, Re-
publican leaders intend to press for
prompt senate consideration Of the
| revenue measure.
Spurred by weekend conferences
with President Hoover leaders of the
senate pitched in Monday for a driv-
ing finish of the congressional ses-
sion and the all-important legisla-
ton to balance the budget.
Confidence Is Voiced
Despite the tremendous size OF the
| task ahead, the men who gathered
at the White house Saturday and
sunday nights emerged voicing con-
fldence an early satisfactory solution
OF the national fiscal problem would
be obtained.
| Enactment Of the remaining vital
Oils before the session is brought to
malt five weeks hence by the ma
tlonal party conventions, depends
now principally on the senate. Be-
sides the big revenue bills and the
economy measure which must be in
creased by about 5000, 900 900, q mai
orlty OF the government appropria-
ton bills remain to be enacted bv
that branch. Failure to pass any Of
them within the brief five weeks
might compel return of congress In
July.
Cooperation on nonpartisan lines
was the watchword brought out bv
the presidents conferees. Though ali
were republicans, their spokesman.
Secretary Mills, placed great en-
phasis on this point.
we discussed" he said, "the best
methods OF assuring cooperation in
putting through the economic pro-
gram and the revenue bill. The ef-
1ort mas got to be to maintain all
around cooperation"
Committee Members Present
Finance committee members took
part IN the Saturday night session
with Hoover. Sunday night he call
ed In the Republicans of the appro-
pr1ations committee, which has
charge OF the economy bill as well as
tne many pending appropriations.
Inc conclusion was brought out that
$237,O00,000 in economies had to be
secured to meet the revenue bill in its
understanding task. BY the time
the house got through Kidding the
economy bill it was good for only
$40 600, 900 or so of savings. and
lacked many Of the legislative
changes sought by the administration.
Although President Hoover,s often
slve last week against delays and
fear-breeding tactics in congress left
a trail OF hard feelings which con-
tinued to express itself in sharp
statements from prominent Demo-
Gratis, there was well-defined ten
oency IN the latter party to meet the
administration in cooperative effort.
The Democratic leaders are among
the most anxious for final adjourn
ment before the conventions.
the house, with but one appropria-
ton bill left to pass, expected to find
itself by the end Of the week with
nothing much to do but wait for the
senate to get through.