Show HUGE FLOW OF I TAX MONEY ONEY TO UI Si TREASURY IS ANNOUNCED ANNOUNCE I Secretary Mellon led to Boost His Esti Esti- Estimate Esti- Esti Estimate Estimate mate of Surplus RETURNS SURPRISE Must rust Go Slow On Tax Cabinet Man Ian Warns WASHINGTON l Sept 23 Py 22 PiTh The Tho Associated Press Press tax receipts receipts flooding Into the tho trees trees- treasury treasury ury impelled Secretary Mellon lellon to- to today today today day to boost his original estimate e lImato of or a 8 1 surplus tor for this thi fiscal y year ar lie II was unwilling un to predict what the tho eventual surplus might be however and maintained It was too early to tw talk of or tax reduction The Th administration Is as as others to cut the th taxes to the lowest safe af limit said aid Mr lr Mellon but we wo have hav got to look to the th future years ears Ye We W are enjoying tax returns now on unprecedented pros pros- and any change In this thi would wipe vipo out the tho th anticipated margin TeR IMPOSSIBLE LE lie II described as Impossible thc tho proposal ot of Chairman on the tho Democratic congressional corn com that the surplus of ot of last year ear bo be added to the surplus for this fiscal fisca year and a total cut of approximately In taxes be made This would cut the annual gov roy government government revenue below Its regular needs the tho secretary tary said ald Receipts and expenditures must bo be balanced annually ho lie added and the th stir stir- pluses of or two years yeara ea could not be added to make a permanent annuel reduction Furthermore he ho point point- pointed ed d out that the surplus of last lait fiscal year ear had all alt been ap- ap applied plied toward r reduction of th tho pub pub- public pub public lic dc debt bt WHIM MORE THAN X ESTIMATED Tho rho treasury predicted tOday that UA I for tor S Sep Sep- p r would total or more than pro preViously est This will bring brins the total ot or Income tax collections collection for this quarter to moro more than 00 or almost above a year ago This will bo be partly offset how how- however however ever by a drop ot of o about this his quarter In tax lax receipts receipt under the th law Ian Alto Alto- Altogether Altogether gether the treasury trea ury believes less will bo be collected this e r than last lart yea year from tho the mis-I mis mis miscellaneous taxes Customs receIpts receipt since July 1 of o this year ear already are above the collections collections I a year ea ago 00 00 |