Show 1 lAX tx REDUCTIONS T IE DARE FORECAST BY BYs I I s LEADER IN HOUSE Representative Mondell l Says r New Fiscal Year Will Reduce Burdens R Washington ashington June 20 Hope O-Hope Hope for an early reduction In taxes Is held out by Representative Mondell lIon dell Wyoming Republican RC leader eader of tho the House in a a. statement prepared for tor the tho final Issue Monday of or the congressional record and made public tonight Wo We shall enter tho the new session of ot Congress In December cr and the new Congress in March arch said Mr Mondell's statement with the way opened lor a R substantial reduction of or the tax burdens burdens bur bur- dens The Republican leader In his statement state statement state stale ment said reductions would not be bo possible possible pos poe sible until after the close clo o of ot the fiscal year which be begins next month Arc 1 re Not Revealed oled The proposed changes In the tax la laws US were not revealed by Mr rondoll al although although although al- al I though ho Indicated d his disapproval of or ortho tho the administration program for the discard dis dis- discard ls- ls card of or the excess profit levies lo Ho HI contended that such action at this time would mean menn a a. shifting of burdens from large incomes and profits to the mall and normal incomes and profits No hope for fora a return Ito to prewar pre ex expenditures expenditures ex- ex and appropriations was rz- rz x- x pressed b by the Republican leader al although although although al- al though ho predicted t d that for tor the fiscal year beginning ginning Jul July 1 1 19 1921 I a reduction by b upwards of a billion dollars would be effected making the tho annu annual l hovern govern govern- I I r mont meat expenses s approximately 3 50 Fewer government II and nd smaller sm appropriations for tor the tho arm army and navy were cited by Mr Mendell Mond Mondell Mon Men I d dell as as possibilities for tor reductions after July 1 I 19 1921 1 Mr Mondell estimated that for the fiscal year 1 beginning next month government government gov gov- revenues would exceed ex expenses ex- ex by at t lc least et unless unusual expenditures not contemplated contemplated plat plated d b by Con Congress s arc aro ma made mado This expected d surplus tho Republican leader said was due to economies s by Congress Congress Con Con- gress In la the recent when 4 U- for the years year's was wa provided pro expenses In determining the tho surplus Mr Mondell said ld he accepted the most conservative estimate of ot revenues m made mado do doby by tho the treasury or or a a. total of or The Tho war debt was as placed at 3 by Mr Mondell who said it was 9 a a. continual menace but vh when n reduced by the anticipated surplus surplus surplus sur sur- plus would woud brin bring the country country within reaching roo distance of reductions of or tho the burdens of oC taxation I |