Show SMOOT SM DEFENDS MELLONS IMS PLAN UTAH SOLON ADVISES AGAINST FURTHER appropriation P FO FOR at REV REVENUE BILL ALL DEBATE predicts business stimulation simulation if ims wilt wal ampro approve ill measure or reducing burden of surtax washington opening the debate in the bate B ate on an the revenue bill Chair chairman mare smoot brawl ol of the finance cow corn cittee defended the mellon income tax rates too and warned ad against further authorization by cons reea ol of special appropriations appropriation lest tax reduction be impossible th so as reported toy by alis fi finance narice committee mr smoot de dared cared made the fulle fullest rul lest tax tion justifiable in view of 0 the salt mated at it surplus bill balla palling to lor tha expenditure ot of he pointed out not are pending before I 1 con can gross gress in addition to the soldier bound bonus n measure mum approved by both houses for or which the tha outlay ut nest year has been bee esa lutted at therefore mr far smoot aalde aid au theorization by congress ol of the eapen datum ot of any considerable portion of 0 this amount may wipe out the surplus and ad mal to tax reduction hap impossible ible turning to the income ta tax schedule bout about which the main in conten controversy on an the tha b bill will center the amit committee chairman declared the tha reductions auction I 1 in annexes sur taxes recommended by saffet secretary ty cioll ell will kin II bee hoss en an courage investments in productive en ed and in the th long ion g run ran increase tire the revenues from the team taxes on cat the larger incomes in placing the mellon income rates IB n the bill finance committee i liciana ua a rejected jaded the LonC Lo worth a corn promise schedule ae adap adopted ed by a vote ot at team in th the bou bobae a this thia schedule called tor far arria smaller let reductions reduction of the surtaxes sur at taxes tie alian the mellon melt plan ret lo 10 and ana greater cut cuts in the normal rates senate ain democrats crate haw have proposed PP P P ad a substitute schedule milling calling for a out cut in n the present urme rate aratea long along the lines of the longworth comp compromise and tor far normal rates similar to am thus thoa adopted by the house this plan 1 la ex peeled to win the support of some same republican afield A co insurgents in recommending the reduction ot of th tha an surtax t rates mr far smoot declared the committee gamit tee followed the tha navies advice of practically every authority irre spec live ot of party affiliations affiliation who he ha studied the me aati question their redu re reduction du b he continued ti d go he has been re recommended it by presidents d t wilson harding and C coolidge edg th the ot of t the A last three of the th 8 A treasury fmc bmw secretary glass secretary non houston ston and secre sam wry tary M melicid leav bave been to the same effect with respect to the high ron bur taxes taws discussing other provisions ot of the tha bill mr jilt smoot directed attention pm par ticul arly to the corporation and ea 0 let tuxes t re the con committee attim reco he asserted la As designed desi gnad to interfere as little a aa possible with the business progress T and A As industrial a development laureat filho country ot the country |