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Last week, for instance, Senator Byron Patton Harrison of Mississippi announced that taxes should be reduced by no less than $500,000,000. Democrat Harrison is a member of the Senate Finance Committee and so, in a position to make his views felt. Meanwhile Republican Senator Reed Smoot, Chairman of the Finance Committee, said that a reduction of more than $300,000,000 would be unsafe. Both Senators Harrison and Smoot agreed on one point-the desirability of calling a special session of Congress in October. Some weeks ago Senator Smoot visited President Coolidge (then in Washington) and announced that...

Author: /time Magazine | Title: TAXATION: What Reduction? | 8/8/1927 | See Source »

...waters began to recede, the suggestion was made that Congress should call a special session to consider flood relief. This idea apparently did not,appeal to the President and inasmuch as only the President could put it into effect, prospects for a special session seemed remote. Last week Senators Smoot and Harrison (see TAXATION) joined in a special session call, but the Utah senator seemed primarily and the Mississippi senator considerably interested in the matter of tax reduction rather than in the matter of flood relief. With Mr. Coolidge, as far as is known, still opposed to a special session...

Author: /time Magazine | Title: CATASTROPHE: Flood Aftermath | 8/8/1927 | See Source »

Last week Senator Reed Smoot of Utah read Herber C. Hoover's report on flood conditions (see catastrophe) ; came to the conclusion that a special Congressional session, not later than Nov. 1, was "absolutely necessary if flood sufferers are to obtain prompt and adequate relief." It was recalled that Senator Smoot has been urging a special session for more than a month; that he is Chairman of the Senate Finance Committee; that even after perusal of the Hoover report he put the passage of the Deficiency BUI (filibustered out at the last session of Congress) as the first duty...

Author: /time Magazine | Title: National Affairs: Flood Conscious | 8/1/1927 | See Source »

...Mellon needed a wiseman to explain his tax reduction plan to Congressional committees in 1924, he called for Mr. Gregg and said in effect: "Go, young man, to the Capitol and enlighten those grey-heads for me." After the committee hearings, Mr. Gregg sat beside and advised Senator Reed Smoot (himself ranked as the greatest financial authority in Con- gress) while the tax bill was being debated in the Senate. The Coolidge Administration is proud of the 1924 tax law-and so is Mr. Gregg, no doubt. In 1925 he was made Solicitor in the Bureau of Internal Revenue...

Author: /time Magazine | Title: THE CABINET: Millions | 1/17/1927 | See Source »

...course, it was the same Senate-the 69th. There was Sen. Charles Curtis, the Republican leader, getting up from his back row seat and going out with Sen. Reed Smoot, the tall, lean Mormon, who is Chairman of the Finance Committee. When the latter speaks, it is with a dry holy passion for financial soundness. Mr. Curtis rarely speaks, but together they steer, or attempt to steer the Senate. Last week they brought peace into the Republican ranks, placated the insurgents with good committeeships...

Author: /time Magazine | Title: THE CONGRESS: Quiet Leader | 12/20/1926 | See Source »

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