The Waterbury Democrat., 1935-06-21

the senate. Senator Harry F. Byrd, democrat, Virginia, offered a joint resolution for Q constitu- tional amendment to permit the federal government to tax income from state and local securities. State would be given the privilege of taking federal security income.
 A democratic-progressiv senate coalition is forming to seek action immediately. Senator Robert M. La Toilette, P, Wis, says his own high tax plan fits the Roosevelt pattern. He will offer 1t as rider to the $502, 100000 nuisance tax bill which shortly comes before the senate.
 The Roosevelt plan would im- pose high inheritance and supple. mental gift taxes; scale the in- come tax upward from the present 63 per cent top rate on $1,000, 900 or more; and substitute graduated corporation income taxes for the existing IS 3-4 per cent rate. The graduated tax would range from 10:3-4 to 16 3-4 per cent. The "lit- tie fellow" escapes any new bur- den under that plan.
 La Toilette Plan
 La Toilette would begin at the bottom by reducing income tax ex- emptions from $2,500 to $2,200 for a married taxpayer and from $1.- 900 to $500 for a single person. His top rate would be 71 per cent on incomes of $1,000,000 or more. The American income tax high was as- sessed. during the war years when the rate was per cent under $4,- 900, rising to maximum of 77 per cent on $1,000,000 incomes.
 Mir Roosevelt's precise strategy in submitting the tax message this week still Is unrevealed. But 1t Ia obvious that he was waiting for at least one thing--senate disposi- ton of Sen. Huey P. Longs share- our-wcalth program. The Kinghsh submitted his confiscatory plan to the senate and lost this week.
 What Byrns Says
 Speaker Joseph w. Byrns is the foremost congressional champion of the Roosevelt plan. Here Is what he says:
 "For years there have been ob- jectlons to passing along incredible fortunes from generation to gen. eration. It is really a form of entail to which the sentiment of this country has been opposed from the beginning. It Is only common sense that this country should adopt q practice of levying death duties rather than to allow vast accumu- lations to descend individually, with the likelihood of constant augmentation"
 More Roosevelt Bills
 Washington, June 2i-(UP)-- President Roosevelt's vast social and labor reform program, de- signed to provide security for the worker and the aged, moved rap- idly today toward enactment into law.
 old age pensions, unemploy- ment insurance, child welfare, and collective bargaining rights of la Dor and involved in legislation which senate and house conferees are whipping into final shape for MT. Roosevelt's signature.
 The program Is embodied Tn the Wagner labor disputes bill and the social security measure which have received preliminary approval by both houses of congress.
 Both In Conference
 Differences in various features caused them to be sent to confer ences between senate and house members. Their reports must be approved before the two measures can be sent to the White House.
 The house passed the security program on April 19 and the Wagner bill last Wednesday. The senate approved the labor disputes measure several weeks ago. and acted upon the security bill on Wednesday.
 Conferees must iron out several major differences in the two measures. but administration lead CTS predicted speedy action.
 Wagner Biii Changes
 The house voted two main changes in the wagner bill. It included a provision forbidding the national labor relations board to fix as collective bargaining unit group of employees of more than one employer. The amendment is opposed by organized labor. A strong effort will be made 10 eliminate it in conference.
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