Monday, Apr. 23, 1934
Work Done
The Senate:
P: Passed the tax bill with amendments (TIME, April 16), boosting surtaxes and estate taxes, adding an extra 10% to all income taxes payable next year; adding also Senator La Follette's proviso for making all income tax returns public records subject to inspection, and imposing a 3-c- per lb. tax on coconut oil in spite of the President's anxiety to have that tax omitted because of the heavy burden it would put on Philippine commerce with the U. S.; sent the bill to conference for a good long wrangle.
P: Adopted 39-to-28 the Conference re port on the Bankhead Cotton Control Bill, virtually in the form in which it was originally passed by the House (to limit cotton production to 10,000,000 bales by imposing a 50% tax on any cotton farmers produce above their quotas -- and no quota exemptions for small farmers).
P: Adopted a resolution authorizing an investigation of the manufacture of war munitions, and the means used to sell them.
P: Did not meet Monday, April 16 in order that Senators could attend the opening ball game of the season (Washington "Senators" v. Boston "Red Sox"). (Postponed on account of rain.)
The House: P: Debated the District of Columbia Appropriation Bill.
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