"I feel certain that surtaxes will be reduced and have no doubt that the surtax will be brought down to 25 per cent and perhaps less. . . . Nobody can tell definitely how much we can reduce taxes next session until after the June payments are made and the returns are examined." So the Chairman of the Senate Finance Committee — so Reed Smoot of Utah.

Mr. Smoot is not the son of a prophet, but he is the man who said two years ago: "As sure as God lives and the sun rises in the morning, there will...

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