Monday, May. 16, 1938
Work Done
The Senate:
P: By unanimous voice vote, approved the compromise tax bill drastically modifying the corporate surplus-profits tax, substituting flat rates for the graduated capital-gains tax.
P: Passed the $1,156,000,000 bill to expand and rearm the naval forces. C. Sent to conference a bill authorizing addition of one judge to the Second, Third, Fifth, Sixth, Seventh Circuit Courts of Appeals; appointment of 15 new district judges; and addition of one associate justice to the District of Columbia Court of Appeals, three to the District of Columbia District Court.
P: Passed a bill authorizing the Interior Department to distribute power from Fort Peck (Mont.) Dam, sent it to the President.
The House:
P: Discharged the Rules Committee from consideration of the Wages-&-Hours Bill (see p. 14).
P: Upped to $484,000,000 the $250,000,000 authorization for Federal highway aid in 1940-41 recommended by President Roosevelt (see p. 45).
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