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Show Page Four FRIDAY, FEBRUARY 6, 1976 MSHI1GTM REPORT By Rep. Allan T. Howe A bill that will provide $6.2 billion for investment in employment-producing public works and economic development projects was passed by the House. Congressman Allan Howe, a sponsor of the legislation, said, This legislation will provide funds for needed projects that will put people who are unemployed back to work, and, through stimulating the private sector of the economy, produce an upswing in investment and employment that will help pull us out of the recession that still drags on in this country." Congressman Howe explained, $2.5 billion of the funds authorized by this bill will be distributed to areas of high unemployment through the Commerce Department. It will be given out in the form of grants for local and state public works projects that can be started within 90 days. The grants will provide up to 100 percent funding of projects. And these grants can be used by local and state governments to fill out matching funds they may need to get federal assistance on planned projects. This will be of great benefit to areas of Utah where public works projects, such as water or sewer systems opr the like, are needed, but the local tax base is inadequate to either finance them or produce matching funds necessary to secure federal assistance." The Congressman continued, 70 percent of this $2.5 billion will go to areas of the country where unemployment is above the national average of 8.3 percent. The counties in Utah that fall into this category are Piute at 12.1 percent, Wasatch at 11.3 percent, Garfield at 11.1 percent, San Juan at 10.5 percent, Sanpete at 10.4 percent. Summit at 9.5 percent, and Weber at 8.4 percent. The Remaining 30 percent will go to areas of the country with unemployment percentages between 6.5 and the national average. There are several Utah counties that fall into this category. Some of them are Beaver at 7.6 percent, Kane at 7.0 percent. Iron at 6.8 percent, Tooele at 6.8 percent, Juab at 6.7 percent, Washington at 6.6 percent." The bill. Rep. Howe explained, n also provides grants to larger cities and to states for distribution to smaller cities. Two-third- s of this money will go directly to cities with populations over d 50,000 and the remaining w'ill go to states, the Congressman said. What this means in terms of dollars to Utah is, the state will get about $1,118,000. Salt Lake City will receive about $468,800 and the rest of Salt Lake County will receive about $485,500. Two other counties that will receive substantial grants are Weber and Utah which will receive about $122,000 anti-recessio- one-thir- ATTENTION YOUNG MEN The Army Schools Branch has immediate openings for the fol584 Infantry lowing skills: men, 159 Combat Engineers, 53 Power Generator Operator Mechanics, 28 Motor Transport Operators, 343 Medical Specialists, 366 Cooks, and 238 Military Policemen. $1500-200- 0 BONUS OFFERED There are many other opportunities if you qualify. Inquire today. Call Army Opportunities Collect 6 Salt Lake City next week for new listings. Join the people whove joined the Army. 524-402- and $58,000 respectively. These used can be grants by local governments for projects designed to combat recession." Some states, includig Utah, will receive increased water pollution control grants, Rep. Howe said. This legislation increases Utahs water pollution control allocation by $26.31 million, from $21.37 million to $47.68 million," he said. The bill also contains funds for business development loans, public works job opportunity programs and urban economic development. This legislation is not just a government give-awadesigned to finance make-wor- k projects, ConHowe observed. The gressman kinds of public works projects it will finance are needed projects that will provide increased employment now and enhance the economic climate of the areas in which they are built in the future. When we held hearings on the bill last year. Governor Calvin Rampton testified in favor of it and noted that after this money is invested in the economy it will turn over several times,1 producing a multiplier effect that will give a lift to the economy in general. In the end, this program should more than pay for itself simply by removing people from the unemployment rolls and increasing the tax base. The bill as it was passed was a compromise version worked out after the House and Senate earlier passed slightly different versions of the legislation. It now goes to the President for his signature. President Ford, I understand, has indicated that he will veto this bill, Rep. Howe said. I certainly that hope he isnt so short-sighte- d y, he will veto a bill that will help get our economy moving again. But if he is, the fact that the bill passed the House on a vote of 321 to 80 indicated that Congress could probably override him." Farmers Union Urges Signature Governor Rampton Named Member Of 1976 Payroll Savings Committee Roy Holman, President of Utah-Idah- o Farmers Union, as directed the by policy committee at the Utah Governor Calvin L. Rampton has been appointed to membership on the 1976 U.S. Industrial Payroll Savings Committee by Secretary of the Tresury William E. organization's 23rd annual convention held last week in Pocatello, Idaho sent a telegram to President Ford urging him to sign bill SJR-12- 1. The bill provides for 85 of on manufactured parity supports milk through March 1978 with quarterly adjustments if costs of production for the farmer increase. Holman stated that both the Senate and the House had passed the bill prior to the year-en- d recess, but held the bill so that the President could not veto it by default (pocket veto) as he did just a year ago. With the Secretary of Agriculture, Mr. Butz, urging the President to veto the bill every farm organization and every individual farmer should write or wire the President urging him to sign the bill, Mr. Holman stated. Without this bill milk prices could drop $2 per hundred weight., which would be another disasterous blow to the dairymen still on the farm and facing increasing costs of production. This reduced price however just wouldnt show up in the supermarket to the benefit of consumers. History has shown that when the farmer gets a small increase in price it immediately shows up at the retail level, but very seldom shows up when the farmers prices drop. At the recent convention Mr. was again elected president of the two-stat- e organization for another year. Boyd Munns of Garland, Utah was elected vice president as was Ted Roth of Holman American Falls, Idaho. David Stewart of Kaysvile, Utah was elected to the executive board. Session Concludes, Colorado Basin Rampton Stumped Operating Criteria (continued from page 1) To Continue The Department of the Interior has announced that the criteria established in 1970 for operation of the Colorado River reservoirs will be continued without change. A further review will be scheduled during calendar year 1980 or at such time as conditions warrant. Criteria for Coordinated Operation of the Colorado River Basin have been reviewed in cooperation with the Governors of the Colorado River Basin states and other interested entities, and after a review of submitted comments a determination has been made that the criteria continue in effect unchanged. The criteria established long-rang- e guidelines for operation by the Bureau of Reclamation of the reservoirs consistent with Federal and State laws, court decrees, interstate compacts, and international treaties in order to facilitate water resources development in the Upper and Lower Colorado River The Long-rang- e Basins. A formal review is required once every five years. Questions regarding the Lake Powell Filling Criteria will be decided independently. The Bureau of Reclamation has been directed to undertake with the Corps of Engineers and the affected States a review of the regulations which cover flood-controperations at Hoover Dam. ol THE SALT LAKE TIMES Simon. Governor Rampton will serve as National Chairman for State Governments during the 1976 Campaign, succeeding Mississippi Governor Bill Waller. He will stimulate the sale of Series E Savings Bonds through Payroll Savings Plan in 50 states, encouraging individual Governors to head up more campaigns in 1976 to culminate increased Payroll Plan participation in their respective states. The Committee, which was first organized in 1962 by then Secretary 0 the Treasury, C. Douglas Dillon, is charged with the mission of causing greater sales of Savings Bonds, thus assisting the Treasury program. It is constituted currently by the chief executive officers of 64 of the top corporations of the country. Committee Chairman for 1976 is George A. Stinson, Chairman and President, National Steel Corporation, Pittsburgh, Pennsylvania. Mr. Stinson is the first chief executive from the steel industry to head the Committee. He succeeds Gabriel Hauge, Chairman of the Board, Manufacturers Hanover Trust Co., New York. Goal of the Committee is to encourage employee participation in businesses and industries nationwide. National aim is to sign up at least 2,500,000 new Payroll Savers and those in the Plan who will increase their allotments. Governor Rampton, serving an unprecedented 3rd term as Utahs Governor, is a strong believer in the economic aims of the Bond Program. It is to everyones benefit to support a program that furthers fiscal stability and, at the same time, encourages personal thrift, as do Savings Bonds. The more than $67 billion in outstanding Bonds turns over less than half as often as the marketable debt, thereby greatly aiding Treasury debt-manageme- nt interest rate, certain tax advantages and one of the easiest and most convenient methods of savings ever devised. All this guaranteed by the full faith and integrity of the United States Government." To substantiate his strong beliefs he encourages state employees to buy U.S. Savings Bonds through Payroll deductions and points with pride to the fact that since 1968, State of Utah employees have led all 50 State Governments in percent of participation in the Payroll Savings Plan. The Governor and Mrs. Rampton good (Lucybeth) have both actively served on the Utah Volunteer Savings Bonds Committee since 1964. Governor a Rampton, immediate past President of National Gover- nors Conference, has long distinguished himself in that organization. He is serving his third term as a member of the National Governors Conference Executive Committee and for four years was Chairman of the Committee on Management and Fiscal Affairs. He has also served as chairman and Vice Chairman of the Western Governors Conference, and is currently Chairman of the Federation of Rocky Mountain States, a position he has held twice before. The Governor has been the recipient of numerous awards including President Gerald Ford's personal n citation for Efforts in the of the Comprehensive Employment and Training Act of 1973 at the State Level. Governor Rampton was elected to his first term in November, 1964, to become Utah's first Democratic Governor in 16 years. He was reelected in 1968 by the largest margin in Utah history. In 1972 he won reelection to his current term, surpassing his own record for the biggest victory margin over an opponent, and becoming Utah's first third-tergovernor. Impli-mentatio- m Newspapers during 1974 accounted for $8 billion of the approxiefforts. Simulbillion spent on adverAmericans who pur- mately $26.5 taneously, in the U.S. This 30 percent chase Bonds reap the rewards of a tising share topped all other media. dept-manageme- nt Accelerated Payment of $233 Million In G.I. Insurance Dividends Issues the House of Representatives when the two Democratic leaders, Rep. and Milly Bernard, Ronald Accelerated payment of $233 Rencher, Speaker million in in G.I. insurance dividend motion a to joined Republicans add $2 million to the $654 million checks for approximately three budget, ($918.6 million counting million veterans will be completed federal funds). by the latter part of February, Rep. Bernards vote created a tie Administrator of Veterans Affairs Richard L. Roudebush announced. vote and Renchers broke it. Thus the session ended, with the Roudebush said the VAs accelerated dividend project is part of a the Republican minority winning last of a series of victories, in- record $376.8 million payout to cluding the nature of an income tax veterans who have kept their policies in force from World War I, cut. The added $2 million which World War II, and Korean Conflict. Dividends are payable on the Rampton and the Democrats claimed tipped the budget out of anniversary date of individual polibalance went to higher education. cies, but payment has been accelerThe motion brought bitter recrimi- ated in six of the past 15 years. nations from Democrats in the Roudebush said about $143 million of the dividend total is being House and Senate about reprehensible tactics and irresponsible legiscredited to policyholders under other options selected by them. lating. The tax cuts include a $2.5 Those veterans who have elected to savings on prescription drugs as a have their G.I. Insurance dividends result of elemination of the sales used to buy additional insurance tax, a $100,000 sales tax savings for will have the additional amount diabetics who must use insulin, $6.3 credited on the anniversary date of million on individual income taxes the policy. The accelerated dividend payand an undisclosed amount on ments are in keeping, Roudebush inheritance taxes. The Legislature took care of the said, with VAs traditional policy of majority of must items, including making benefits and other payments to veterans as speedily as is medical malpractice and reorganization of the State Liquor Control humanly possible. Commission. Payments will go to 3.7 million World a War II veterans and will However, proposed constitutional amendment legalizing a law amount to $344.2 million, an averto recall public officials was lost age of $93. This is a $10 increase during the amendatory crunch be- over the average payment made a tween House and Senate during the year ago. This year, $22.3 million will go to approximately 121,500 waning minutes of the session. World War I veteran policyholders. The average payment to them will amount to $184, compared to $169 last year. Approximately 561,000 veterans of the Korean Conflict who kept their G.I. Insurance in force will receive $10.3 million in dividends. The average payment to them will come to $18. Last years dividend bonus was $11. Roudebush said an individual veteran might receive more or less than the average dividend payment depending on the insurance plan under which the veteran is protected, the amount of the policy, the veterans age at issue or renewal, and the length of time the policy has been in force. VA insurance officials explained that a dividend represents a return to the policyholders of funds not needed to pay the cost of funds not needed to pay the cost of the insurance. This includes both excess interest earned and any savings realized because actual death rates were lower than projected rates. It was explained that dividends on most VA programs have increased in recent years because the funds have been earning interest at a higher rate. This higher interest rate has operated to the benefit of those veterans with permanent type insurance plans, but it has had little or no effect on those with term insurance where the interest element is small. |