Show M SEES TAX REDUCTION REMOVAL OF THE THEATRE AND AMUSEMENT T TAX X AND A REDUCTION ON SURTAX Committee Committee Com Corn Appropriations Chairman House Is Ready to Offer Plan Tax cut Effective In 1927 and 1928 Chicago Taxes Chicago Taxes on 1927 Incomes will bo ho cut cut by congress between and Martin B. B Madden of ot Chicago chairman of tho the house appropriations committee forecast fore foro- C east cast on the heels of his hs reelection to congress Citing a n predicted treasury surplus this titis year oar of Madden said Congress will undoubtedly be able to arrange a new tax cut ut effective in l ns en 1927 incomes and declared such a arc arc- re re- re S that he would recommend I Removal of or the theatre and amusement amuse amuse- I I ment mont tax a further reduction of the tile and a cut in the tax lax on corporations corpor corner I dUons are arc among amon tho the next steps in ine e li lightening of at the nations nation's tax barlen bur bar Madden ladden intimated although he ho lIen den len hesitated to forecast st which taxes would receive the benefit of th tb the forthcoming forthcoming forth forth- coming cut The genesis of the quarterly payment payment pay pay- payment ment plan for income tax was divulged by Madden in discussing taxation A Aman Aman Aman man with a income t tax x came to him the representative said and urged that to pay his tax all at once he lie would have to dump his goods goodson on ox the market and break the price with a possible depressing effect on on S business generally |