Word: smoot
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...dolefully declared Senator Smoot, chairman of the Finance Committee. "Everyone knows we must raise more money." Senator Watson, Republican leader, was almost tearful when he announced: "Much as I am personally sorry for it, it seems that some form of tax legislation will be necessary." Senator Fess, G. O. P. chairman,* declared: "The budget must be balanced even if we are compelled to take drastic measures such as was done in England." Only die-hard dissenter among important Republicans was ultra-conservative Congressman Hawley, chairman of the last House Ways & Means Committee. Moaned...
...income tax was immediately turned to as the first and easiest source of additional revenue. Conservative Republicans favored an increased normal tax (now 1½, 3% and 5%), reduced exemptions (now $1,500 for single persons. $3,500 for married folk) and a general jumping of surtax rates. Senator Smoot favored an increase in the maximum surtax from 20% to 40%. "Progressive" Senators, probably holding the balance of power, clamored for stiffer surtax rates on incomes above $20,000 per year, opposed any move against small taxpayers. Also discussed were new levies on automobiles, radios, amusement admissions, estates, gifts. Only...
American audiences in general and Mae West's audiences in particular have a unique and proverbial capacity for smut. As Mr. Krutch pointed out, this capacity is also shared by adolescents. Mr. Smoot of Utah probably knows more about pornographic literature than any living American, or European. However, in spite of this hearty endorsement, it cannot be repeated too often that this capacity and this knowledge is not a prime requisite for holiness. Hunger, not holiness, must be the explanation of this strange preoccupation with sex in its cruder forms...
...From Utah came an ominous rumble when Senator Reed Smoot, no less regularly Republican than Senator Reed, remarked: "We should raise sufficient funds to feed the hungry, even if we have to issue bonds...
...Republican tariff last week flaunted in the Administration's face this extravagant forecast made by Indiana's Senator James Eli Watson, Republican leader, in June 1930. "It is my prediction today, deliberately made on the floor of the Senate, that after the passage of this [Hawley-Smoot] bill . . . this nation will be on the upgrade, financially, economically and commercially within 30 days, and that within a year from this time we shall have regained the peak of prosperity we lost last October...