The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-06
SENATE READY
FOR BATTLE ON
TAX-RICH BILL
Fierce Opposition Expected
From Conservative and
Liberal Sides.
ByUnifcdPrcss

n q NIIfH f.ffrr
WASHINGTON. Aug. 6.-Presi-
dent Roosevelt's tax program faced
a hot Senate fight today. with as
saults aimed against it from both
conservative and insurgent groups
New Deal leaders predicted the
tax bill could be put through the
Senate within a week after it
reaches the floor. The bill was
given perfunctOry but overwhelm-
ing House approval yesterday when
the huge Democratic majority &C
complished its passage, 282 TO 96.
The situation Will be entirely diff
ferent in the Senate, although lead
ers believe they can marshal enough
strength 10 batter down any
such movements as the threatened
efforts TO attach either the SOL
diers' bonus or the Frazier-Lemke
farm mortgage bill as amendments.
Weeks Delay Expected
The bill Will not get to the SEN
ate floor probably for another week.
The Senate Finance Committee has
scheduled two more days Of hearings.
Another three or four days will be
required for executive sessions be
fore the committee produces the
measure which it will present for
Senate consideration.
The House bill provides estimated
annual revenues Of $3.50 100000.
This would be accomplished
through higher income taxes on
large incomes. new inheritance and
gift taxes and graduated corpora
toll levies.
A Senate movement led Dy Sena
tor Robert NJ. La Toilette prog,
WIS.,. Will be directed toward in
Creasing income taxes all along the
line, including a proposal for higher
taxes on the smaller incomes.
New Dealers Are Cheered
With the tax bill awaiting Senate
debate. New Deal leaders were gen.
orally cheerful over the legislative
situation
The AAR amendments were freed
from conference yesterday, leaving
public utility, banking and IVA leg
islatiOn as the major measures still
in the conference stage.
The bus ane truck bill was COM
plcted by Congress and the second
deficiency and air-mail bills were
nearly ready for the Presidents sig
nature.
House leaders expressed conf
dence today they had blocked House
action this session on potential
currency initiation totaling S5,000.-
100000 in the bonus and farm mort
gage refnancing measures.
Sponsors of the two plans adj
mitted that last hope rested in the
Senate where efforts may be made
to hitch them to the tax bill as
riders. They planned efforts to in
sure early House consideration at
the next session beginning in
January.
Guffey Bill still Pending
House Ways and Means Demo-
Gratis meanwhile, met today in an
effort to break a deadlock on the
Guffey little NRA" coal bill, last
major measure awaiting House &C
ton.
A three-hour session late yester-
day ended with the IA Democrats
present evenly divided on whether
or not to report the bill designed to
stabilize the bituminOus coal in
dustry favorably. Some of the four
Democratic members absent yester-
day were expected 10 cast the de-
Gliding votes today. The full COM
mittee is scheduled to meet this aft
ernoon to formally decide upon COM
mittee action.
President Roosevelt has insisted
upon passage of the bill this ses-
sion He has obtained three eX-
tensions Of soft coal wage contracts
on assurance Of action this session.