Show ASKS REDUCTION IN TAX mcadoo declares present burden is injurious to business washington washing ton an immediate billion dollar reduction in federal taxes was suggested in a statement issued here march larch 4 by william G mcadoo for vier iner secretary of tile the treasury the present tax burden is too great lie said and is having tin an injurious effect on oil business I 1 sir mr IsI mcadoo cAdoo proposed propos eil that collection of a tax to establish es ft a sinking fund for retirement of the war debt stilt h was recommended by former secretary glass to begin with the fiscal bear car 1920 1020 be postponed for two years and that the lie deferred payments of european interest bo be funded until europe Is in position pos to pay its interest charges |