Show TAX REDUCTION I DUE NEXT YEAR LEADERS LEADERS' VIE VIEW Government May Take on Incomes in 1926 But Slight Increase Increase Increase In In- crease Expected After WASHINGTON March 16 Al Al Although though a no further tax reduction of or may be expected next neat year from then on governmental expenditures will v Increase and further further further fur fur- ther tax cuts prove unlikely If not impossible it was declared today In a statement by the Republican chairman of the two great financial committees of the house of or representatives Chairman Green Iowa of the ways and means committee said It was planned to enact a new tax ta act before next year years year's s tax payments fall due and it ws vvs hoped the re reduction reduction re- re would mount to with a possible maximum surtax sur sur- tax pf 25 per cent the maximum in tale Hie original MelLon 1 plan Chairman Madden Illinois of the appropriations aPPropriations committee announced announced an- an I flounced that analysis of recent ap ap- ap sh showed wed that in spite of the drastic economy proposed by President Coolidge governmental governmental governmental govern govern- mental expenditures must be ex expected expected ex- ex to increase gradually but certainly from now on thus shutting shutting shutting shut shut- ting off the hope o of f further im important important im- im tax i reduction after the present treasury surpluses are taken into account Green said details of the proposed pro pro-j posed 1926 tax cut could not be planned planned- with any arty assurance until the effect of the present act became more apparent This must await analysis of the tax returns being filed flied everywhere in in inthe the country tor day clay and a final casting up of accounts act acI ac ac- ac- ac t I counts by the treasury June 30 the I end of the fiscal year But ho he pointed out that there was every right light to expect the 19 1925 5 I fiscal year would end with at least leasta I a surplus of and the 1926 fiscal year with a surplus of I approximately |