Show HOPE TO CUT TAXES BY 35 MILLIONS WASHINGTON Aug Au 7 Some treasury officials now hope to be able to recommend a I tax t. t reduction of or even to the tho next session of congress Heretofore tho understanding has been that would be bo about tho the limit of recommend recommend- recommended ed Cd cuts Tho suggestion of tho the greater reduction resulted from greater reater tax receipts this j year ear car than had been expected A budget of for forthe fol forthe the fiscal year ear of 1917 now Is the theolin aim olin of ot Director Lord Loril of the budget et at bureau who today began pre pre- preparing preparinG preparing paring parinG the tho fiscal program Tho total Is la about less lc 3 than tho the expenditures for the tho present year and on the tie basis of present figures will wi be bo the lowest of or any ony year since the war r. r |