Word: smoots
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...Conference in the Military Affairs Committee room was to iron out differences between the bill as passed by the House and by the Senate. There was drafted the law as taxpayers will actually feel it. In the trading across the table, Utah's grey old Reed Smoot, Chairman of the Senate Finance Committee and leading Senate conferee outargued all five Representatives. For his side he won higher normal and surtax rates on income (TIME, June 6), tariffs on copper and lumber as well as coal and oil (TIME, May 30), excise on tires, a levy on bank checks...
Looking greyer, gaunter, grimmer than ever, Utah's 70-year-old Senator Reed Smoot arose behind his paper-cluttered aisle desk last week to perform an important function. Bracing his drooping shoulders as if to bear an invisible load, he announced: "Mr. President, from the Committee on Finance I report back favorably with amendments the bill (H. R. 10236) to provide revenue, equalize taxation and for other purposes...
...page in knee breeches fluttered a bundle of papers up to the clerk's desk as the Senator, his voice low and weary, explained to his colleagues that they would have to wait for printed copies. Two days later Senator Smoot presented his committee's report (again apologizing for the delay in supplying members with printed copies). Two days after that he formally opened debate with a painstaking, unexciting speech about his billion-dollar tax bill, supposed to balance the Budget and preserve Public Credit...
SMITH ROOSEVELT The consequences of The consequences of the Hawley-Smoot bill the Hawley-Smoot bill have been tremendous, have been tremendous, with directly and both directly and indirectly. indirectly. Directly- Directly, American American foreign trade Foreign trade has has been steadily dwin- been steadily dwindling. dling. . . . Indirectly Indirectly, the high -the high schedules schedules of the Hawley- of the Hawley-Smoot bill Smoot bill caused caused European European nations to nations to raise their raise their own tariff own tariff walls walls, and these walls not only against us but were raised not only against each other. against...
...before final enactment. This week the Senate Finance Committee was to start unscrambling the House bill. Because most Senators are highly opinionated on taxation, the committee will undoubtedly do much revising and rewriting. Later this month the measure will be solemnly escorted to the Senate floor by Utah's Smoot. There another protracted demonstration of tax juggling will ensue before the bill is finally passed weeks later. Next will come the inter-chamber conference at which Senators and Congressmen will haggle over whose juggling is better. In working out a compromise, they will be limited only by the provisions...