EXCEISE TAX AIMED AT SUGAR INDUSTRY; Wallace Says $135,000,000 Processing Levy Will Be Urged on Congress. CALLS IT CONSTITUTIONAL Sees Need to Restrict Profits of Processors, Aid American and Cuban Growers. Talk With President Indicated EXCISE TAX AIMED AT SUGAR INDUSTRY Growers Lack Former Benefit Cuba Would Be Affected Would Get Around Court Ban
Wallace proposes excise tax on domestic processing and offshore-imports to save quota system