SECRETARY URGES ACTION; Deficit for June 30 Put at the All Time High of $5,966,000,000. INCLUDES ALL OF BONUS Maximum Outlay Calculated for the Fiscal Year, Despite Nine-Year Amortization. PROFITS TAX PLAN BACKED Finance Committee Moves to Simplify House Rates and Corporation Classes. MOVE TO INCREASE YIELD OF TAX BILL
Sec Morgenthau on additional yield expected as result of undistributed corp profits tax