Having added up March tax payments, scrutinized Congress' appropriations to date, and talked the matter over with President Coolidge, Secretary Mellon last week went before the Senate Finance Committee to announce what he thought should be done with the Tax Bill. The Bill which the Committee had received before Christmas from the House provided a tax reduction of $289,000,000 or 64 millions more than Secretary Mellon recommended last autumn.
Secretary Mellon's new points were two: 1) $201,115,000 was the maximum reduction he now could recommend; 2) $182,000,000 would be the maximum reduction...
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