Salt Lake Telegram | 1926-01-03 | Page 1 | [Illegible] Reduction [Illegible] Start on Enate Rounds

x REDUCTION iT TS TART START ON iN TE ROUNO I Mellon and Sentor Senator Sen Sen- ator or tor Smoot Hold First Conference on Measure IHN AHN FAHN APPROVES I I SLIGHT CHAN CHANGES ES I I sater ater ter Exemption on n AdE Adt Ad- Ad t E and New Sur- Sur ax x Schedule Likely SHI Jan 2 AP AP- AP J approval of the house tax taxI i hon aon bill I with some i iwas was given gi today at a cone coni con- con i nce e between Secretary Mellon I Chauman Smoot of the sen- sen f nance committee which will reconsideration of the measure V aay day j lans S were discussed however to range the income surtax sched- sched Iso I- I ml ib so that some reductions might I made on the lower brack brackets t tl l le retaining the tle maximum rate per cent as approved by t tk th I Iee ther k ther er changes considered at the ference erenee were proposals to Inse inS inise in- in ise se S the exemption from 50 SO cents lj tl on admission taxes and to the reduction in the al- al 1 tax Mellon will present h hOn hi h- his krs s on tax reduction to the sen- sen committee at its opening ses des i rief riel hearings are planned by r 4 Innan an Smoot who said today the he only parties expected to tolar I ear lar would be representatives of special senate committee which the internal revenue revenue au u who will propose propose Ages es in the administrative pro- pro ns of the too law itCH CH 1 DATE SET ry effort will be made by br sen sen- l aders it was anno announced t t. t too to- to Ito o facilitate early passage of t f bIll so that it ma may become aw av arch larch 1 1 The measure provides reaching Jar f reductions in In- In Inie ie e eJ taxes applicable to incomes list ast t year on which first install install- bt its of taxes are due March 15 Curtis Kansas the theu u an leader said he ie saw no non non n why the bill sh J d not b be bedr dr j upon b by March J. J Sena Senator or loj ot said he expected to have bave th tho I the senate by Jan Janary ar ary t the latest Senator Smoot announced after artl conference today that i if any ge is made in the surtax rates uld be almost negligible While White Whitehouse house bill did Id not provide for forI oK surtax rates I 1 reductions in the Incomes between and g 2300 o the committee chairman deI ded de- de d taxpayers with these ines ln- ln S es 11 actually benefited considerS consider- consider 2 i Ib y S the reductions in normal I s S. S the increases in personal ex- ex and the increase in the urit of income to which the 25 ent reduction for earned in- in Scent m- m jj might be applied WI L' I ING NG N G Ke Utah senator did ever an Increase in the I on on n admission levies but warned JUthe i the total tax reduction must be increased He said the bill jw ally Uy allowed an annual cut in n federal deral tax receipts of is C instead finstead I stead of a as t ee- I ted by house leaders He att at- at t kited ted the the difference to to the fact lct JUhe the modified Inheritance rates rated Id cut down revenue from that Ice c ce more than at first antici- antici dj make up for the proposed iges in surtax and admission Bt Senator Smoot took under with Secretary Mele Mel Mel- the he e advisability of restoring the ent alcohol tax rates The ie voted voted to cut this rate by 25 cent a year rear from now and an 25 per cent the follow- follow ear The wholesale drug man- man I are fighting the tise proposed clIon arguing It will patent medicine business and legging in alcohol The pres- pres tax is a proof gallon time is expected to toven Iven ven to the proposals of or the Intel In- In la tel 1 revenue bureau investigating headed by Senator Couz- Couz 4 Republican of Michigan Dil Dl- Dl t l reports from the comm committee tee teelin Un lin n prospect however The Tho ity rity of the committee Is ex- ex C Continued t nu on pa page 8