Show FIST WORK ON TAX MEASURE UTAH SENATOR SETS FEBRUARY TENTH AS oare DATE FOR PASS AGE OF NEW EW oki BILL declares levy on corporate earning and on dividends up to limit do de fandi on an the larger incomes i I 1 washington opening senate nato debate on the tax reduction bill chairman of the finance committee in measure nie Asure set february the date for final passage it tax reduction la in to be e assured by march J A when first income tax installments stall ments are due senator smoot said ample time should 6 tita given tor for debate but warned that sifter biter passage of the measure by the the bill must be sent to conter edice for adjustment of differences gerences feren ces 4 between the house arid san senate witha with a IIrth farther er delay while now new income blanks must be printed the committee chairman discussed the tax reduce reduction lon points of the billt ball particularly those provisions by chith committee under a compromise agreement of republicans and democrats ba increased creased the amount ot of total of provided by the house bill of reduction inthe in the income taxes provided bythe measure would amount to this year mr smoot said which lie he divided as follows incomes of less than fin incomes i comes of to incomes in excess of anticipating attacks on the grounds that the new rates gave too much reduction on over by a slash in the maximum surtax rate from 40 0 to 20 per cent and not enough on incomes between and smoot declared the principle of sound economics was which looked further than fo of any individual or cr isi T 11 li |