Evening star., 1948-01-07

posal. he asserted, would "wither
our economy and the payroll which
1t sustains.'
Even before the Presidents mes
sage. reports had circulated that he
would favor a reduction In taxes on
low-ipcome groups only II the cuts
were balanced by higher levies On
business profits.
Senator johnson, Democrat, OF
Colorado said that while he favors
the Presidents proposal tor indi-
vidual income tax cuts, he thinks
that any increase In corpora ton
taxes will result in higher prices
and I am against that"
won't Curb Initiation"
Other comment:
Senator Brewster, Republican, Of
Maine: HE (the President) now
recognize very tardily the impos-
sibility Of justifyins the 5000, 900,
600 corporation tax cut he signed
two years ago, and his subsequent
veto of tax cut for individual
citizens
Chairman Hope OF the House
Agriculture Committee: II am op-
posed to giving the President any
authority to impose rationing or
price controls. I favor tax reduc-
tons but I am not in a position now
to compare plans which have been
proposed"
Senator Wherry, Republican Of
Nebraska: 'The Presidents program
may be valuable campaign material,
but it won't curb imitation. The
main thing about our tRepublican)
tax program is that it will curb in
flation."
Senator Ball, Republican of Min
nesota: 1T doesn't sound like sound
tax policy to me. The rest of his
program sounds like one for a man
aged economy and socialization of
America"
Chairman Hartley of the House
Labor Committee: TN opposed to
any return of OPA. even In modi-
fed form. I don't believe anybody
wants it."
Before Mr.. Truman outlined his
tax proposal, at least two Demo-
Gratis had said they would go along
with his plan In preference to the
Republican bill to cut income taxes
for all individuals without disturb
ing present corporation taxes.
Senator. Lucas told q reporter
that as q matter Of fact he has
been working on a bill somewhat
along the same lines.
He would revive the wartime ex-
cess profits tax-that is, q spe-
cial levy on all profits above those
earned In some representative base
period-and apply individual tax
relief by two means: (a) Boosting
the present $500 personal exemp-
ton to $70o and applying the in
come splitting community property
principle to all States.
Taking issue with the Knutson
bill and voicing hope Mr.. Truman
would offer his own counter pro-
posal, Representative Dingell, Dem
orat, Of Michigan had commented:
Brother, that makes sense to me.
Some kind of excess profits tax on
corporations, to make room for re-
lief Of the little individual taxpayer,
is what we need"
Mr.. Knutson, saying he long has
been predicting that any White
House tax-cutting proposal would
be- political BILL" added: THE
President evidently knows that cor
porations do not vote"
Mr.. Knutson announced that a
one-day hearing on his bill, orig
inally set for next Tuesday, has
been postponed to January 16 at
the request Of Secretary of the
Treasury Snyder. f~- 4.
The Treasury chief asked for
more time to assemble datao He.
probably will present details of. ads
ministration tax recommendation
at that time. ...,, s.,,-s.,,j as, > =
Mr.. Knutson originally said the
would be behind closed
doors, but when he heard of q pos
sihle White House tax plan he an
that newspapermen would
be permitted to hear Mr., Snyder.