The party newspaper Rude Tonti Seeks National Aid HOLMDEL D. In Prague, the new leadership served notice today it will not tolerate opposition within the Communist party ranks. May Improve Prospects It added that announcement of prospective troop withdrawals is expected to improve the prospect for Communist bloc overtures to the West. The announcement would demonstrate Soviet support for the new Czechoslovak In Drive for an Open Primary leadership and stimulate what Moscow calls "normalization of the situation in Czechoslovakia," the report added. Quoting "usually well informed sources," the agency said the announcement will be published simultaneously in Prague and Moscow prior to the world Communist conference set to open in Moscow June 5. Walker: "If I agree to go along with re- Czech News Agency Reports Soviet Troops to Withdraw BELGRADE (AP)' - A schedule for the withdrawal of Soviet troops from Czechoslovakia will be announced within the next six weeks, the Yugoslav news agency Tanjug reported today. The question was put to Treasury Undersecretary Charles E. Mills' endorsement of repealing the investment tax credit came after he extracted a Nixon administration commitment the on again-off again credit will be ended permanently.
He asked the Treasury officials, who will take part in the closed drafting sessions, to think about establishing a staff to scrutinize more closely than in the past the operation of foundations with taxexempt status. The first order of business will be drafting tighter rules for tax - exempt foundations, he said. Writing of Uie tax bill will start Tuesday, Mills said, with floor action expected by August. Mills indicated he will go along with extending the income surtax and favors the Nixon plan to cut it from 10 to 5 per cent Jan. Beyond Proposals But Mills said his committee's bill will go beyond Nixon's proposals in this as well as in other areas, although he said he supports Nixon's plan for repealing the 7 per cent investment tax credit and favors eliminating income tax for poverty level families.
When President Nixon made his initial reform proposals he suggested tightening some rules affecting 'use of mineral allowances, including oil, but not the rate itself. This was the first time Mills publicly indicated he thought it was necessary to modify the allowance. The depletion allowance has been criticized by reform advocates as a large loophole, but attempts to modify or junk the exemption have always failed in the past. The Arkansas Democrat told newsmen Thursday as his committee ended two months of hearings on restructing the nation's internal revenue code, that the 27% per cent oil depletion allowance was a symbol of tax reform. Mills, chairman of the powerful House Ways and Means Committee, says passage of a tax reform bill will be almost impossible without some adjustment in the controversial oil depletion allowance. \ Oil Depletion Allowance Change Is Pushed by Mills WASHINGTON (AP) - Rep, Wilbur D. r PEII ijinrmpfnie.iriukinikiiminiiiumhi-iii'imniinnf minninieniintiin.rtiihijmhihiimiiiiednjinttiiiiimiiifiinirmihimhiihtihtimimmimt'mrrtrruntlnji^rtiihjitmiqftiiitai _. 213 THEDMLY I Red Bank, Freehold Long Branch 7 SEE STORY BELOW FINAL EDITION Monmoulh Counttfa Home Newspaper tor 90 Years RED BANK, N,J., FRIDAY, APRIL 25, PAGES 10 CENTS i irm<4!vhi