The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1935-06-25
President Begins
To Push Tax Plans

was given by the decision to mi.
tiate the new program OF Increased
levies against inheritances and
large incomes IN senate com.
mittee.
The constitution calls for initia.
ton of tax measures In the house.
But the house has passed and sent
to the senate O joint resolution for
continuation Of so-calfed nuisance
taxes which expire Juno 30. The
administration strategy Is to amend
that resolution so that whe nit
passes the senate It will carry pro.
visions to effectuate the presidents
recently announced tax policy.
Adjournment Delayed
The plan to push for the higher
tax schedules was expected to do.
lay the adjournment OF congress BY
from two weeks to a month. Lead.
ers hoped, by senate amendments
to avoid the lengthy delays which
would result from protraeted house
committee hearings.
The White House conference II
was learned, was one OF frequent
wrangling and heated dlscuHsion.
Through II all Mr.. Roosevelt re.
NAMED insistent on immediate &C.
ton.
Chairman Pat Harrison Of the
senate finance committee counsel.
led more cautious approach and
Chairman Robert poughton OF the
house ways and means committee
proposed a recess study Of taxes
and early action at the next sss-
sion Of congress.
President Said "NO."
The president said no TO both
suggestions. He was reported 10
have taken the position that delays
would increase uncertainty and
raise suspicious against the SINGER.
ity Of his "tax.the-rich" proposals.
When the conference adjourned
Senate Majority Leader Joseph r,
Robinston emerged briskly and
dictated rapidly TO the assembled
newspapermen:
AT the conference attended by
the vice.president, the speaker OF
the house, Chairman Harrison,
Chairman Dougton and Senator
Robinson, Il was decided TO press
for action on the recommendation
Of the president AZ 10 amendment
to the tax laws during the present
session.
1.-THE chairman Of the fiancS
committee. Sen. Harrison. will ash
his committee to consider the sub.
1 liant avfth al "a n
mendments to the joint resolution
extending certain taxes, and with
q view to adding amendments Il
that resolution"
Robinson hesitated O moment
and added:
That's all. Good evening, gen,
tlemen."
Plan IL Changed.
Harrison said the plan to END
up the nuisance tax joint resolu.
ton in the senate today had beer
changed and that instead It would
be brought before his committed
for amendments making effectivt
the presidents plan for breaking
up the few score great American
fortunes.
The conferees departed with the
distinct understanding that the
president wanted all of his tax pro.
gram-inheritance taxes, taxes or
large incomes, corporation taxes
and revenue from securities now
exempt from tax levies--enacted
before adjournment.
To get such q program through
the senate before June 80, when
the present law on nuisance taxes
expires. viii be q big job. Throw
ing the two types of taxes together
raises and danger that delay on
the "tax-the-rich" plan might en-
danger taxes which bring nearly
$500, 100000 . year In revenue.
Did It's Homework.
Secretary OF Treasury Henry
Morgenthau. Jr, said his depart
ment had "done It's homework" on
the new plan and animated he
was ready 70 present TO the SEN