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Show ! ' Income Tax Slump j Is Not Disturbing, Says Reed Smoot SALT LAKE CITY. Mar. 28. (U.12) Precipitate slump of income tax collections this year does not surprise sur-prise or particularly disturb Senator Sena-tor Reed Smoot, chairman of the , j senate finance committee and a1 noted authority on government fig-1 ures. j , Smoot said the huge decrease In j returns would not necessarily mean I an Increase in the tax rate1 next j year. Nor, he added, does it in-j dicate government business will be hampered. j "The fact is," Smoot remarked, "I, predicted the decrease 'would go over $500,000,000. I understand it is $539,699,348. "The question of taxation -increase depends on how business turns out this year. "Principal effect of the decreased de-creased income tax is that we can reduce the national debt this year only the 2H per cent Required by law." , T |