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Show SMOOT GIVES UP HOPE OF TAX WASHINGTON', Dec. 24. (CP) Sena tor Smoot, Republica n of I "tali, chair man of the senate finance fin-ance commit lee. has given up hope of abolishing entirely the excise tax on automobiles and theater tickets. The $:W5,(K"i.(KM tax reduction measure provides a 3 per cent tax on antoniohiles in place of the present : five per cent rate and exempts the I spoken drama from the theater tax. "It's not possible if we are to pay j off our war debt at the present i rale."' Smoot said today. |