Show I ASKS REDUCTION IN TAX McAdoo Declares Present Burden Is Injurious to Business An Washington An An immediate billion billion- dollar reduction In federal taxes was suggested In a statement issued here March 4 by William Villiam O. O McAdoo former for tor- mer secretary of ot the treasury The present tax burden is too great he lie said saw an and is having an injurious effect on business Mr McAdoo proposed that collection tion of ot a 11 tax to establish a sinking fund for retirement of the war debt which was recommended by former Secretary Glass to begin with the tile f fiscal fis is- is cal year 1020 1920 be postponed lor for two years cars and that the deferred deterred payments payments payments pay pay- ments of European interest be funded until Europe is in position to pay its interest charges |