Show FORESEE r CUT COT IN U S TAXES I May Reduce Next Years Year's I Assessment Million WASHINGTON March The 16 16 Tho Tho outlook for a I reduction of In the nation s a taxes for forthe I the fiscal year yar 1826 1926 I li Ig now fa la arable Chairman Green of tho the I house oue sale wa 00 s and means moans committee Isaid Sunday adding that ho he e saw W nothing to pre present reducing tho maximum surtax to 25 5 per Ier cent and general genral In of all other Income rates It Is 18 the tho Intention he assert assert- asserted cd ed cd to hose ha ho e the tho new lax tax law passed pud In time limo to apply to tan taxes pa next year yar and If II this is I done the administration will still halo hao the unprecedented record of hay hay- hav log educed ta taxation three years ear ears In succession t surplus of ot 31 h has lia I I been hren a estimated for tor the fiscal ber 1926 he said aId and nn l the exact act em am will 11 be kno known knon n by the time I Atha the committee stalls t work cork on ct di CUng a new Io lax ta j bill about October 1 so that much so-k so I Ion on the proposed mM measure ure will slit ho 0 hosell bewell sell ell under a sal wai b the convening or of congie cong e in lit December Tho The original treasure estimates I ef tho the surplus fo tot foi the fiscal fical year 1925 which ends on rn June 30 neat t was u about HS ho hod I d dared The receipts from hO base ho e been ben larger than er I principally b by reason of the he Improvement In business generally Some Somo expenses also 1 III b be J loss while on un the other nand som some are aTe likely lIely to be larg Jarg larger er cr than was aas anticipated of the refunds of to taxes O Is an Instance In- In stance stanco On the whole I think t 1 nm m sate safe In sa saving easing Ing that the surplus at tho the end of this fiscal year scar sill III I Im exceed The present revenue 10 law lac cent ent taro full effect with witt t the tho begin be beginning ning or of o this calendar a eat and grege reductions were ero made In the rate rater on moderate Incomes Income c I ere aero fixed much below those thoo of the tho original Mellon plan and tar far farI farbelow I blow below those of last la t icar ear eor esen en c after stier the 25 26 per cent refund ass as nad made In many ca cases the tho pay pay- pay I this year will be bo lee less than tJan halt that of a sear ear car ago under the same Bamo circumstances Until I the new returns which are now being made are rc eh cd by the tho and tabulated It I Is tin tin- to ascertain the tho effect of the present tates a I At this time It Is impossible to fl fix definitely een esen the amount I of t the bo expenditures for the tho fiscal fiscale year Mr e r 1926 1626 l There aero will be lit In n- n cr cr's s 's In some Borne lines and to- to re reductions I In fn other others but on the tho whole the tho outlook Is 18 s now favor fa favorable able fol foi a I reduction of I In taxation no op |