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Show ; ; Slash in Taxes 1 1 , According to latest Washington reports re-ports Senator Smoot, chairman of the i " ' Finance Committee there will be a tax I 1 reduction by the next congress of a i ." least $300,000,000 and possibly $350, 000,000. , . i ' ' He predicted that surtaxes would be sliced in -half, from the present maximum of 40 per cent to 20 per cent, and said normal taxes might ' ' come down, their reduction depending ' mainly whether so called "nuisance taxes were retained. If the nuisance taxes are cut then the probability of further reduction in the normal rates will be less. v. ,; . |