Word: smoot
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Dates: during 1920-1929
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Next day the Senate took action. By unanimous consent the rules were laid aside so that the bill could be taken up immediately. Senator Smoot, Chairman of the Finance Committee, like Mr. Green in the House, explained that it was the best bill that could be got. Senator Fletcher of Florida attacked the bill because estate taxes had been restored in conference. And Senator Neely of West Virginia declared it was a millionaire's bill, and wanted the taxes on admissions and on automobiles entirely stricken out. He moved to recommit the bill. Senator Robinson of Arkansas, the Democratic leader...
...leaders who ushered the bill through Congress stood genially by, and Senator Simmons of North Carolina, who delayed the proceedings 20 minutes by coming late, rushed around cigar in hand, at one time almost burning the back of the President's neck, at another the hand of Senator Smoot...
...done and Senator Smoot and Representative Green carried off the two pens used by the President in signing, and the Treasury set about estimating the amount of income it could expect in the next few years. In spite of the large reduction in taxes the Treasury hopes for a surplus of $67,000,000 for the fiscal year (1926) ending next June and for a surplus of $11,000,000 at the end of the following fiscal year in June...
...abolition of the tax on admissions, trucks and automobiles came in a stormy session with both Senator Smoot, Chairman of the Finance Committee, and Senator Simmons, ranking Democrat, maintaining that the taxes should not be stricken out, that their loss would create a deficit next year...
Vexed, Senator Smoot cried out: "Go ahead and ruin the bill!" Subsequently the group which had been defeated in seeking to prevent reduction in surtaxes, retain estate taxes, retain tax-publicity, etc., broke loose and, with support of not a few regulars, added $100,000,000* to the tax cut in one wild afternoon. Towards evening Mr. Reed of Pennsylvania suggested adjournment: "We should stop now after this excessive storm." And so they waited until the next day when passions had cooled...