President Says Equality of Liability Is Aim Washington, Mar, 11, The Tax Bil which is expected to produce an estimated $5,300,000,000 in Government revenues, "to-day was pasted by the House of Representa tives by a vote of 204 to 98. The bill was sent {0 the Senate for concurrent action, The most important item in the! bill is the provision of @ single tax which will apply differently to. big. and little corporations. The provision replaces the present dual system normal corporation taxes and undis= tributed profits surtaxes.
Before a vole was taken, the House confirmed yesterday's action which eliminated "one-third of the. "basket tax,"—a surtax on closely' held corporations—reaiMrmed the: pork tax and the publication of cor-orate incomes above $75,000.
President Roosevelt told new: paper correspondents that the Administration's: tax objective was: to end special privileges under the present lay. He reiterated the important tax principle that two people with equal profs should pay the same tax.—United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.