Evening star., 1937-11-25
PRESIDENTIAL 0. K.
Of TAX REVISION
THIS SESSION SEEN
Expected Not to Block Con-
gress Vote. to Modify
Corporate Levies.
NEW OBSTACLE is HIT
IN AMOUNT OF REVENUE
Treasury Officials Uncertain as to
Money Which Could Be Raised
by Substitute Measure.
By the Associated Press.

BY the Associated Press.
Congress members advocating I'M
mediate revision of corporate taxes
expressed the belief today that Presi-
dent Roosevelt would not block vote
at the special session.
Some of them said they were con-
Vlnced by recent talks with the Chief
Executive that he was willing to modi-
fy the corporate surplus and capital
gains taxes and that he would agree
to early consideration.
The campaign to revise corporate
taxes at the special session ran into
new obstacle, however. Treasury
officials expressed doubts over the
amount of revenue that might be OBJ
tanned from the substitute measure
tentatively approved by House sub
committee.
In announcing approval Tuesday of
substitute for the present undis-
tr1buted profits levies, subcommittee
members said it would raise as much
revenue as the rates they proposed to
eliminate
Decision Reserved.
Treasury experts since then. how
ever. Have Indicated uncertainty on
this point. They reserved decision
pending completion of more detailed
estimates.
Representative Vinson of Kentucky,
chairman of the subcommittee. said
the new measure lis real undlstrib-
uted profits tax, but it is reasonable.
1t gives more premium for distribu-
ton"
The completion of this substitute
proposal gave new impetus yesterday
to the demands for quick revision. A
powerful bloc of Senators organized a
campaign to vote on the substitute
Immediately without waiting for a
bill completely overhauling the tax
system.
Administration leaders, still striving
to get President Roosevelts S special ses-
sion program moving, refused to be
swept off their feet. They were just
getting Senate debate on the farm bill
started, and had not even progressed
that far in the House.
Democratic Leader Barkley, in the
Senate, noted that only three weeks of
the special session remained. He ex-
pressed doubt whether a tax BILL even
of limited proportions, could be pushed
through the House. the Senate Com
mittee, and the Senate itself in that
time.
Senator Barkley furthermore ad-
vlsed against "botchy" tax revision,
He said that with income tax returns
not due until next March. it was I'M
portant to 60 slowly in revising the
revenue laws.
Continue Drafting Program.
While there were evidences that the
pressure for quick action was being
felt in the House committee, members
OF that group went on with their job
of drafting broad tax-reviSion pro-
gram. They turned from a study of
the corporate taxes to the depression
born nuisance" taxes on movie tickets,
cosmetics, etc.
Chairman Vinson would not predict
when the job would be finished, and
added that the tax trainers would take
whatever time is needed" He has
forecast previously that the work
would not be complete until the Janu-
airy session of Congress.
House and Senate leaders still were
holding to the program outlined by
the President for the special session,
but the tax revision campaign was not
,coo rAvEC Dooo EN