Evening star., 1936-06-08
HOUSE APPOINTS
TAX CONFEREES
Bankhead Names Eight of
Ways and Means Group
During Brief Session.
Ry the Associated Press.

Ry the Associated Press.
The House paved the way today
for representatives Of itself and the
Senate to seek an agreement on the
tax bill while Congress is In recess
for the Republican National Con-
vention.
In a brief session before receSsing
for the rest of the week, 1t sent
the measure TO conference for ad-
justment Of differences with the other
chamber. The Senate previously had
requested the conference.
Speaker Bankh ad Immediately ap-
pointed eight me nbers of the Ways
and Means Committee. which framed
the House bill, as the House con-
ferees
Those appointed were Chairman
Doughton and Representatives Sam
uel B. Hill, Democrat of Washington;
Cullen, Democrat of New York Vim
son, Democrat Of Kentucky; Cooper,
Democrat of Tennessee; Treadway,
Republican of Massachusetts,: Crow
ther, Republican of New York, and
Woodruff, Republican of Michigan.
Includes Levy on Profits.
The bill which the Ways and Means
Committee helped steer through the
House is more nearly in line with
President Roosevelt's suggestions than
the Senate measure. 1t includes
higher, graduated levies on undis-
tributed corporation income and does
not contain the Senate provision for
an increase in individual income sur
taxes.
Delay in sending the legislation to
conference was ayerted when Repre-
sentative Lamneck, Democrat, of Ohio.
foe Of the House BILL was persuaded
to withdraw an objection to appoint
ment of the House committee.
Lamneck had announced he would
object unless he received assurance
from the conferees that the House
would be permitted to vote on the tax
rates provided by the Senate as against
the rates provided by the House.
Leaders See Long Delay.
Some of the leaders, viewing the
wide divergencies Of the bill as passed
by the House and by the Senate, be-
lieved a compromise will not have
been reached when the legislators re-
assemble a week hence. Some OF
them said the House Ways and Means
Committee feels it knows more about
the revenue situation than does the
Senate Finance Committee.
Meanwhile. Speaker Bankhead an
nounced Congress will make "desper-
ate effort" to adjourn by June 20
and certainly not later than the 23d.
AS passed by the Senate Friday. the
tax measure calls for a 1914 to 18 per
cent tax on net corporate incomes. as
compared with the present l212 to IS
per cent levy; new type of Z per
cent tax on undistributed profits: re-
peal of the existing exemption Of
dividends from the per cent normal
income tax; an increase of per cent
in the individual income surtax on
surtax brackets between $1,000 and
$4,000, in addition to q $440 in
crease in taxes on the brackets over
$4,000.
The House measure, closer to ideas
Of administration officials-which in
cluded a suggestion for graduated
tax averaging 33lz per cent-calls
for q tax on corporate net income
scaling up to 421z per cent, depending
upon the amount Of undistributed
profits.
Cause of Greatest Worry.
This difference between the Sen
ate's 7 per cent and the 421z per cent
top as provided by the House, was
expected to give the conferees the
greatest worry.
One plan TO be discussed was that
Of Senator's Black, Democrat, Of Ala
bama and LaFolette, Progressive, OF
Wisconsin calling for higher levies
against undistributed profits. They
fought for this on the Senate floor
and withdrew an amendment only by
getting assurance the conferees would
give 1t consideration.