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...books for fiscal 1928, talk of income tax reduction waxed in Washington last week. President Hoover commented cautiously: "We are giving careful study to the possibility. . . . We all hope that the situation may work out. . . ." Secretary of the Treasury Mellon: "There may be reasons against it." Chairman Smoot of the Senate Finance Committee: "Nothing doing!" Tennessee's Senator McKellar: "Such a surplus would not have been possible but for the amendment introduced by me" (publicity for tax refunds...

Author: /time Magazine | Title: FISCAL: Wait & See | 7/15/1929 | See Source »

Senator Reed Smoot, of Utah, sugar-beet state, spoke as follows on the senate floor one day last week: "Ten years ago ... no manufacturer of tobacco products dared to offer nicotine as a substitute for wholesome foods,"* and demanded from the Senate a law to put tobacco and its products under Food & Drug Act regulations. If such a law passes, cigaret packages would be forced to show how much nicotine, or other drugs they contain and would not dare to exaggerate harmlessness claims. Also would Senator Reed force food manufacturers to tell in their advertisements what they now must tell...

Author: /time Magazine | Title: People: Jun. 17, 1929 | 6/17/1929 | See Source »

...obscure conference committee" that would write the Tariff Bill stirred Senator Harrison to ridicule. Explaining that Utah's Senator Reed Smoot would head that conference as chairman of the Finance Committee, Senator Harrison cried: "Is he obscure? Why, children have lisped the name of Reed Smoot, have read it a million times. . . . Senator Reed of Pennsylvania? He is not obscure. . . He made his reputation by defending Mellon. . . . And that other Republican conferee, the senior Senator from Indiana [Watson, leader of the Republican majority in the Senate]-he is not obscure. He has been in public life or trying...

Author: /time Magazine | Title: THE CABINET: No. 6 Man | 6/10/1929 | See Source »

Thus did the Tariff Bill come last week to the Senate. The House had passed it the day before. Clerks stamped the precious copy, entered its presence and pedigree in great journals, shuttled it away to the Senate Finance Committee where Chairman Reed Smoot and other Republican members prepared to lay rough and critical hands upon...

Author: /time Magazine | Title: THE TARIFF: To the Senate | 6/10/1929 | See Source »

Like all other bills, H. R. 2667 begins: "Be it enacted by the Senate and the House of Representatives of the United States of America in Congress assembled. . . ." That is about all that the Senate was expected to leave unchanged of the House's tariff handiwork. Senator Smoot prepared to begin hearings on the Senate rewrite on about June 11 behind closed committee doors. A month or more will be spent in this preliminary revision. After that, when the Senate gets the bill, the House will have to swallow its pride of authorship and the real Tariff Fight will...

Author: /time Magazine | Title: THE TARIFF: To the Senate | 6/10/1929 | See Source »

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