Masonry Magazine January 1976 Page. 46

Masonry Magazine January 1976 Page. 46

Masonry Magazine January 1976 Page. 46
THE FIRST
URETHANE
LEVEL

Series 7000
"SUPREME"

Series 9000
"ULTIMATE"
Fully exposed
aluminum, top,
and bottom

* All Models
Reinforced End-To-End
With Aluminum I-beam.
* Cannot Warp or Splinter.
* Won't Stick to Mortar or Cement.
The Beauty of Wood BUT NONE OF ITS
DISADVANTAGES.

Choose "Ultimate"
or "Supreme" Models
PRO 48"; (U)$36.98, ($I$34.98
42"; (U)$36.98, ($I$34.98
24"; (U)$26.98, ($)$24.98

Order direct and save: 1 to 3 units, above prices less 15%; 4 to 6
units, less 20%, 7 or more units, less 25%. Enclose check and mail to:
Pro Products, Inc., P. O. Box 392, Rockford, Illinois 61111

GIANT
INDUSTRIES
CORPORATION
8481 Whittier Blvd.
Pico Rivera, Calif. 90660
(213) 699-6388 or 723-5218

INTRODUCES
True Flow 6-A
THE TRUE GRAVITY FLOW
CONCRETE & GROUTING MACHINE

GROUTING
TUNNEL LININGS
WET GUNITING
FOR USE IN:
MUD JACKING SLOPE PAVING FORM FILLS
COLUMNS POOL DECKS FOUNDATIONS
CELLULAR FLOORS MORTAR PLACING, ETC.

46


Washington Wire
(Continued from page 39)

The Senate should approve the bill by summer. The President has requested Congress to continue the program for six years with a new authorization of almost $40 billion. Over the last five years, 39,000 political jurisdictions have received $30 billion in Federal funds.

However, it will take some strong lobbying effort to get the bill passed. Some on Capitol Hill are questioning the plan's effectiveness and the lack of Federal control over the money.

ENERGY PROBLEMS WILL REMAIN A MAJOR ISSUE for Congress this year. The lawmakers must still decide about deregulation of natural-gas prices, a hot issue last year and this, since the threatened shortage didn't show. Many legislators argue that there never was a scarcity in the first place that the producers created a shortage in hopes Congress would free prices.

EMPLOYERS MUST BRACE FOR A RISE in unemployment compensation taxes. Congress seems likely to pass a bill carly this session to lift the rates. The House Ways and Means Committee has already drafted the implementing act. It would increase employer taxes $6 billion annually by 1978. In addition, it would give unemployment compensation benefits to 91½ million new workers. The measure is designed to rebuild the dwindling unemployment benefit fund. Under present trends, the fund deficit could hit $25 billion in five years.

The bill will be acted on by the full House some time early this year. More time will be needed by the Senate because no hearings have been held. So final Congressional action is not expected until the middle of the year. However, some provisions are likely to be made retroactive to January 1.

CONSUMER LEGISLATION IS CERTAIN TO BE A MAJOR POLITICAL ISSUE in 1976. Democrats will push some pet bills in the hope of making political mileage. Legislation to set up a consumer protection agency will bring another fight. Threats of a Presidential veto headed off passage of a measure during 1975.

No-fault insurance could finally make it through Congress in 1976. Many lawmakers think a Federal law is needed. With no need to fix blame, items like court costs, damages and insurance premiums would be reduced. But there is strong opposition to the bill from the insurance industry.

FINANCIAL MATTERS WILL GET CLOSE ATTENTION from Congress this year. The legislators will enact sweeping reforms of the banking system in 1976. The measure will soften distinctions between banks and savings and loans; present differentials in savings interest rates would gradually disappear. Both institutions would be authorized to pay interest on checking accounts. Still other changes are designed to reduce the regulatory curbs on banking.

The legislation has already passed the Senate by a solid margin. But the House is not expected to act until early this year. And it will not take effect until extensive tax changes are approved later. The tax proposals are designed to equalize the treatment of banks and savings and loans.

masonry
January, 1976