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The Forrest City Times And Herald
Forrest City, Saint Francis County, Arkansas
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Senator Smoot (R-Utah) predicts the new Congress will pass a soldier bonus bill, inevitable due to changed lineup in both houses. After meeting Treasury Secretary Mellon, he states tax reduction is unfavorable and new levies, such as a sales tax, may fund it.
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Washington, Aug. 20.—Prediction that the new Congress would pass a soldier bonus bill was made today by Senator Smoot (Republican, Utah), who is slated to be the next chairman of the finance committee. He made this statement after a conference with Secretary of the Treasury Mellon, who has just returned from Europe. He is understood to have told Mr. Mellon that bonus legislation is inevitable in view of the changed lineup in both houses and that the treasury department must face the problem of financing it.
In view of the outlook Senator Smoot declared that the prospect of tax reduction was not favorable and that Congress might provide some new levies, such as a sales tax, to meet the cost of the bonus.
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Domestic News Details
Primary Location
Washington
Event Date
Aug. 20
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Prediction that the new Congress would pass a soldier bonus bill was made today by Senator Smoot, who is slated to be the next chairman of the finance committee. He made this statement after a conference with Secretary of the Treasury Mellon, who has just returned from Europe. He is understood to have told Mr. Mellon that bonus legislation is inevitable in view of the changed lineup in both houses and that the treasury department must face the problem of financing it. In view of the outlook Senator Smoot declared that the prospect of tax reduction was not favorable and that Congress might provide some new levies, such as a sales tax, to meet the cost of the bonus.