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Show The National Enterprise, July 20, 1977 Page five Tax reform is necessary A, to restore economic growth Revision of the nation's tax ranks above most other industrial countries in the of capital per worker, the situation will change if the system is necessary to stimulate economic growth in the United States, according to a Utah Foundation study. rate of new' investment in the United States stresses that profits are the vital ingredient needed to attract savings for new capital investment. long-ter- m Presently, the United States ranks last among the major industrial nations of the world in the proportion of gross domestic product going for capital formation and it has ranked next to last in the annual rate of economic growth registered since 1960. Only Great Britain has recorded a slower rate of growth during this period. continues below' that of other nations. The study points out that there has been a steady erosion of the ability of U.S. industry to compete in favorable terms with business firms from other nations over the past 25 years. During this period, the balance of payments has reversed itself from a net surplus to a net deficit. Capital is important Profits decline Foundation analysts emphasize the amount of capital (machinery and tools) available for each employed worker is an important factor difin the standard-of-livin- g ferences existing among the nations of the w'orld. Although the United States still In addition, corporate profit margins in the United States also have declined markedly According to the study, profits. or the hope thereof, serve as the catalyst for expanding the production of more goods and services at a lower cost, thereby creating employment opportunities and raising the standard of living for every- ' M General Contract i ng Lease Space Available f . s. tS v S'v , & Freeway 53rd South ' S''.; " V. A f s Build i ' ' ,S f AH..V ' .&W s. to suit. ZZ (cf 5 'av.? '? ' i ToriyVersteel ' one in the nation." ' , , j Vf; i 268-69- 01 sv; ..v At the present time, the tax system of the United States Continued on page nine GRUMMAN AMERICAN ASSEMBLES THE STRONGEST PRIVATE FIGHTER FORCE IN ITS HISTORY. over the last quarter century. Adjusted profit margins presently are only about half what they were in earlier years. The Foundation report SPACE SAVER MOBILE RUNG AND STORAGE SYSTEMS THE PRODUCTS. storage systems and Coda-Col- . . or Spacesaving moveable filing and File Folders to eliminate costly misfiles. THE CONCEPT. . . To save costly floor space by eliminating access aisles. Files can move manually or electrically. Systems can be designed to fit specific requirements. THE APPLICATION. place where data must be stored or filed effectively. Banks, hospitals, medical clinics, museums and general office use. Systems can be combined with Coda-ColFile Folders for easy reference. . . Any or BUSINESS & SECURITY SYSTEMS, INC. SYSTEMS AND PROTECTION 962 SOUTH 700 WEST 'f 'Vs EQUIPMENT SALT LAKE CITY, UTAH 84104 6 PHONE (801) 973-268- ililA CODRCOLOR Filing Systems SFI Move Ahead Move Aheadl in JOIN UP 2520 So. State Professional Valley Building Suite 172 To arrange a test flight call Gary Mickelson (801)487-196- 2 We use the Enterprise several times a week as a reference in our workshops and sales meetings. In fact, Ive advised my forty-foreps to ur subscribe individually. Further, it bests having to consult the bank for mortgage rates. Richard G. Grant Owner, City Real Estate THE NATIONAL miilEnterprise P.O. BOX 11778, SALT LAKE CITY, UTAH 84147 533-05- 56 BBtQItft |