The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1936-12-29
NEW LIBERAL BILLS
ARE BEING DRAFTED
CONTINUED from page one)

Continued from page one)
ready for submission to congress:
on January IL. =
The chief executive hopes to
tell congress that the country's
higher income has swelled govern
ment revenues to the highest peak
since 1920. He expects collection:
for the current fiscal year to total
about S5,665, 100000 or 1000.
100000 more than was collected
in 1882 and 1888 together.
Despite this rosier picture. how
ever, Mr.. Roosevelt's bugdet mes
sage will have to report another
deficit for the current fiscal year
and there are no official figures
10 show that, even with an antic-
ipated reduction in expenditures,
collections will balance expenses
in the fiscal year beginning July
i, 1887.
Business leaders and congress
men will look at the state-of-she.
union message for some hint OF
MIR. Roosevelt's views regarding
a long-term program for reduc-
ing unemployment and relief as
well rs other New Deal legisla-
tive aims.
A survey indicated that con-
gress would be- asked TO, extend:
Acts creating the $2,000,000,-
900 sterilization fund and giving
the president power to devalue
the gold content Of the dollar. Ex-
pire January. 80.
Acts authorizing the Electric
Home and Farm Authority and
the RFC. Expire February l.
Act creating the Civilian Con-
servation corps. Expires March
81. .
Neutrality act. Expires May /.
Reciprocal trade treaty act. FIX
pires June IL. i'-
Revisions arS expected to be
proposed in legislation enacted at
the last session. There Is consid-
cradle agitation for change III
the 1886 revenue act to give add
ed cushions" against corporate
surplus levies to new corporations
and 10 give exemptions on cor
porate surplus funds spent or
Slant improvements and replace
ments.
President Roosevelt said during
the campaign that any inequities
in the tax bill, which has forced
the distribution Of hundreds Of
millions of dollars in wages, bo-
muses. and dividends, would be
Fremedied. =. ..... 80. 800 o..
The administration is under
heavy pressure from labor to
change the Walsh-Healey act un-
der which holders Of government
contracts in excess of $4,000
must conform to certain minimum,
wage maximum hour and child la
Dor standards. Union leaders want
this figure reduced to contracts Of
1000 or more. ''''
The New Deal was committed
during the campaign TO ut least
one reform measure-crop insur-
ance. Secretary of Agriculture
Henry A. Wallace and his aides
are preparing suggestions for leg
islation Of this character.
Other legislation Of q reform
character which will be aired dur,
ing the coming session includes:
l. A death sentence" for rail
road holding companies.
g. A federal licensing bin.
3. An act restricting the oper
atoms Of strike breaking agencies
4. Government REORGANIZATION,
Chairman Burton X, Wheeler
Democrat, of Montana, of tn,
senate interstate commerce com
mittee who guided the public util
! ity death sentepce" through tn,
senate, is directing an inyestiga
ton into railway financing. ii,
said after completing the inquir,
into the Van Sweringen empir,
financing that rthe facts iustif,
rigid regulation Of these holding
Senator Robert NJ. LaFollette
Progressive, Of Wisconsin, head
a committee which is investigat
ing activities Of strike breakinI
agencies. He has forecast drasti
legislation Of the type demapde
BY organized labor.