Salt Lake Telegram | 1932-02-09 | Page 1 | Figures Show Money Need

AGURES SHOW SHOW MONEY NEED Revised Treasury Estimates Reveal 1 Is Necessary Rr fly y Associated Press WASHINGTON Feb 9 Revised 9 treasury estimates showed today that the he house ways and means committee must devise a bill that will produce additional revenue annually annually an instead of as first estimated A new table of revenue needs submitted sub b by Acting Secretary Mills disclosed disclosed disclosed dis dis- dis- dis closed that the original figures submitted submitted sub sub- milted by the treasury b based sed on September Sep Sep- ember and October data would fall short of meeting the needs Mills had explained to the committee commit commit- tee ee that the original estimates were based on an expected upward trend of business As he emerged from the committee room today he said the new estimates were vere based on January lows which are arc below expectations and aud as a result result re re- re- re sult suit plans to raise revenue On the administration administration administration ad ad- ministration proposals would have to tobe tobe tobe be altered After Aller the thc executive meeting Act Act- ing ng lag Chairman Crisp of the committee issued a statement saying saing o of additional revenue above the thc revised revised re re- administration proposals would be e needed to balance the budget at atI athe atthe I he the beginning of oC the fiscal year car 1934