Word: reductionism
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2) Reduction of Federal estate taxes far below their present 40% maximum.
1) Reduction of maximum surtaxes to 15%.
The slogan of the drive, conceived in the form of a campaign of education, is already adopted: "Not just tax reduction; tax reform!"
Shortly after the closing of Congress, Representatives William R. Green of Iowa, Chairman of the House Ways and Means Committee, issued a statement foreseeing tax reduction ? surtax reduction in particular. Last week, Secretary cf the Treasury Mellon and UnderSecretary Winston spoke before the Bankers Club of Richmond further outlining...
Said Mr. Mellon: "From the 68th Congress, there emerged the Revenue Act of 1924. This Act abolished some taxes, reduced some rates and followed in the main the recommendations of the Treasury as to administrative changes. In its failure to reduce the maximum surtax below 40% and in its increase...