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Show Tax Measure Door Closed Washington- The door against Immediate Im-mediate tax reduction, already closed by house Republican leaders, was bolted by Chairman Smoot of the senate sen-ate finance committee, as senate Democrats pounded suddenly for action. ac-tion. The Democrats, led by Senator Sena-tor Harrison of Mississippi, told the senate a $500,000,000 surplus was in sight for this fiscal year and volunteered volun-teered not to stand in the way of a Republican bill. Senator Smoot replied re-plied that he not only favored application applica-tion of the surplus to retirement of the public debt, but he doubted the wis dooi of the proposal of President Cool-Idge Cool-Idge for a refund on next year's income in-come tax payments. |