Masonry Magazine October 1971 Page. 22
Advertisers Index...
LET THEM KNOW YOU SAW IT IN MASONRY
Anchor Manufacturing Company A 19
Bil-Jax, Inc. B 6
Cardinal Engineering Corp. C 18
Delta Airlines D 14
Dese Industries, Power Products Div. E 20
Robert G. Evans Company (Target) F 21
Fleming Devices, Inc. G 21
Giant Industries I 16
International Masonry Institute 3rd Cover
Fred S. James & Company J 4
Mayco Pump Corp. M 12
Morgen Manufacturing Co. N 13
National Concrete Masonry Association O 10
Ohie Lime Company 12
Oury Engineering Co., Div. of Marsce Corp. 9
Patent Scaffolding Co., Div. P Back Cover
Signade Corp. S 22
Southern Extrusions, Inc.
Trinity White, General Portland Cement Co. T 2nd Cover
This index is published as a convenience to the reader. Every care is taken to make it accurate but masonry assumes no responsibilities for errers or omissions.
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22
Washington Wire
(Continued from page 16)
Officials want to shift the balance of payments deficit into surplus. It's needed for us to meet world commitments.
SOME ECONOMISTS FEAR A WORLD TRADE WAR and a resulting recession not perhaps next year, but not too long after that. They are a minority, but they were also a minority in predicting the present trade crisis, too. They say that if the surcharge lasts too long, other countries won't think it is coming off and will begin to take retaliatory measures of their own.
But there is plenty of room for compromise between the U.S. and its trading partners. Some of the tough talk may be just that. Neither side wants an all-out trade war again.
CONGRESS WILL TACKLE PLANS TO REFORM THE TAX STRUCTURE again in '72. President Nixon has promised to send election-year reforms to Capitol Hill. They are sure to touch off the same intensive debate that occurred in 1969. Some tax credits could be given to spur private research and development. One plan would provide R&D tax breaks that would cut revenue by $1 billion. Officials think the plan will make U.S. business more competitive in trade.
A value-added tax may be considered, too though this is not certain. Treasury Secretary Connally reportedly favors the tax as a revenue-raiser. But the national sales tax idea will be hotly opposed by organized labor and consumer groups.
ESTATE AND GIFT TAX REFORM IS DUE TO COME UP for action in the House. Ways and Means Chairman Mills has promised to hold hearings early in 1972. Generation-skipping bequests are likely to be restricted by the Mills group. (These are transfers that also manage to skip taxation by one generation.) He feels a tax system is weakly grounded if it can be avoided by transfers.
But there is considerable disagreement on just how to tackle the problem whether by imposing an added tax or other means.
AN EASING OF TRANSPORTATION RULES will be asked by President Nixon. The move is an attempt to stimulate more competition among trucks and rails. Legislation will be required from the Congress to carry out the proposals. A tough fight is likely. Transportation interests will oppose the measure. But there is substantial sentiment on Capitol Hill for the proposed changes. The measure would strip some power from the Interstate Commerce Commission. Its authority to okay or reject carrier rate proposals would be restricted. And its control over the specific number of truck routes would be reduced.
Economists have argued that tight regulation has stifled competition. Some studies indicate that reduced regulation would mean shipper savings, perhaps as much as $5 billion a year. Freight rates could well decline by as much as 20%.
masonry • October, 1971