The Archive · 1930

Likely Income Tax Increase in

Washington, July 22-

President Hoover is concerned with the possibility of an increase in American income taxes, it was Tearned to-day.

Such an increase would prove doubly unwelcome as coming at a time when the President is attemp!- ing to reduce expenses everywhere in the Government and save a total of G§100,000,000, thys erasing the deficit.

Mr. Andrew Mellon, Secretary of the Treasury, has already predict ed that in spite of all efforts at economy, such an income tax boost may be necessary at the end of the Present fiscal year, and the Admini. stration is well aware how unpopu-Jar such a move would be.

All members of the Cabinet have been requested to suggest plans for effecting savings in their departments—United Press.

Text read from the printed page and cleaned; old type leaves the occasional error.

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