Show senator arF smoot favors wy y A program jsse jS of sw economy 0 senator i vw reed a smoot jay after Sha his siy re auril from aff a california aw wa kafy trip fy asa gave out an interview in which he 7 narry retrenchment of federal eions I 1 feel 6 a jy greater AS responsibility cwg as a legislator 7 than I 1 ever did w vw before in w all my f life senator smoot edw said sy o 0 it Is going to take the wisest ff action on iwae the part of congress to bring ff our country back afaf to normal i i Viz every bwy ap 7 will be scanned closely no more extravagant appropriations and wicked waste of the peoples money will be allowed under the most favorable condl eions taxes in the united states for the next quarter of a century will be 3 per year included in this will be a sinking fund of 2 per cent on the total dobli lations of the government as they existed at the time of the signing of the armis tics it will take thirty three years to pay the ob libations ligat ions and provide for the sinking fund of 2 per cent there Is no question but that the excess profits tax of hiyi will be repealed he said not only has this tax been yaw collected from iffa the ultimate aa colsum er but www it has been collected w over and over again it has bwy been many times y pyramided pyra undoubtedly aff the small troublesome aw wv taxes ff also will be done away with by small troublesome y bof taxes amy I 1 refer w to such taxes as those a on a theatre admissions chewing gum and soda water fsr bif I 1 hope I 1 can convince wisia senate committee com mAttee w on finance ts to impose a a sales tax of one wa per aar cent on all sales made r 0 by the retailer such a tax would w raise from 1 0 0 0 to gwawr Wa 1 wr annually W wai of course r such y a tax as 15 always the case would fall wy upon the ultimate waw consumer but it would cost little to collect it would y w bring in much more than the excess profits tax Is bringing in U 7 0 |