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Show LIBRARY lypCTCrn? 7 Ai vii uC4M?NIVERSITY lulu TANKS FOR ASKING PAGE 11 FEB OF UTAH 61975 The Dedicated To The Constitution, Liberty, Morality, and Truth A lFkirtr'kft1c'k'k'k'jcir'kirir'k'k'kirk'kic'kicic'ic'k'kirirtc'irir'r'lr-iririe'iHrk'kitVol. 6, No. 6 25C Salt Lake City, Utah 841 IS AT IS TH MUCH TAX-CU- T WILL FORD'S PROPOSED REALLY COST YOU? October 8, 1974, in an economic message to Congress, President Gerald Ford proposed a 5 surtax on certain income groups. Then, on January 13, 1975, in a national TV broadcast. Ford made a complete about-faand proposed a tax cut, while at the same time announcing pending increases in the price of oil, gasoline and natural gas due to higher tariffs and taxes. It is estimated that this will result in an increase in the price of gasoline of around 15, or more, per gallon, and 7C, or more, a gallon for heating oil. The tax cut in the form of a cash rebate of 12 for all taxpayers on 1974 income would cost an estimated total or more than $15 billion. However, all such governmental estimates have proved out on the low side. The promoters of the tax cut argue that will it provide stimulus to the economy as taxpayers rush to buy automobiles and major appliances, and thus helping to halt rising unemployment. But... what if, fearing inflation, most taxpayers put On ce ever-increasi- ng - Reprinted from Tax Fax their tax rebates in savings accounts?. And where will the federal government get the $15 billion to be used for tax rebates? And how will this escalate the present circulation. THE REAL CAUSE OF INFLATION And then Allen is elementary economics that only government can cause inflation. And it can cause it only by increasing the national debt to pump fiat deficit money into the Philip M. Crane of inflation thusly: cause who described the The fact is that government alone is strictly accountable for inflation because government alone determines the economy. Thus, the increase of paper money diminishes the value of it. Higher prices money supply. If government continues to spend more than it has, no amount of controls on wages and prices, no tax surcharges and no public -- services employment, which involves the spending of still more money which does not exist, can correct the problem. All such programs result of goods and services are the of inflation, not the cause of ir. Looking at it another way, inflation is not only a form of taxation but the worst possible form because the poor pay as high a percentage of inflation as the rich. simply exacerbate it. Gary Allen, in an article entitled The Target Is the Middle Class' in the THE NATIONAL DEBT AND BIG FEDERAL SPENDING July-Aug- ust issue Of AMERICAN OPINION magazine, stated that inflation literally 19.74 F ol lowing are figures graphically illustrating the meteoric rise in the national inflation of the money supply is caused by government expansion of the supply of money and credit to cover its deficits. This is done by increasing the national AN stated: It It was Congressman Copyright 1974 THE debt. The more the deficit spending the greater the inflation. This is because printing-pres- s money bids up the price of everything we buy, and lowers the purchasing power of money already in ruinous inflation gripping this nation? Gun Control Means . February 6, 1975 OF INFLATION? HERE ARE THE FACTS HOW r debt. Continued on page 6 AM ENDMENT BEFORE THE FACT I WORLD-GOVERNME- SCHEME MAKING THE a U.S. effort to help explore and develop natural oil and gas deposits in the Soviet Union. (Flanigan, not surprisingly, is a IJ.S. DEPENDENT ON THE U.SJS.R. member of the Communist-accommodatin- g Council on Foreign Relations.) What particularly astonished Blackburn was Flanigan's line of argumentation. Since we couldn't by Phoebe Courtney UTAH INDEPENDENT Statement by Thomas O. Breitling to the Committee on Federal, State, Local and Government Concerns of the UTAH HOUSE OF Mr. Chairman. Members of the Committee, ladies and genwant to first express my tlemen: thanks to Chairman Stanley Leavitt for giving me the opportunity to address this Standing Committee of the Utah House of Representatives on the very important matter of MB 16. which is acceptable forms of government that were allowed by SB 184. this hill also allows a consolidation of county and city without having to install the community council form, which is proposed for Salt Lake County. The sudden need for a major on County Government amendment to a law that was Amendments. passed in 1973 and for which a who those of For the benefit County election is pending, must the read time had to have cause some of you to wonder. It may not hill, the purpose of HB 116 is to docs me. Because when you have correct what arc seen as perfection, why do you need to imshortcomings of UCA prove on it? Does the fact that we and The sections of Utah must change what was SB 184 in 1975 mean, perhaps, that in 1976 or Code Annotated that are affected 1977 or even in both years that the by HB 16 were passed through the Legislature under the designation citizens of Utah must look for new. SB 184. SB 184 was the enabling improved versions of Metro, and legislation for optional forms of regional government to the governance? County government. According Some of the more important propaganda favoring Proposition 4 in 1972. the old form of aspects of HB 116 are the following: County government had served 1. since 1896. or 76 years, before the A study commission is not discharged upon filing of its great demand for change was made final report. known. Now, even before one Instead, it is discharged well after filing its report single County has been changed, and 90 days before an election on the new law itself must be changed. Be that as it may, however. I optional County government. Continued on page 5 In addition to the 2. 1 57 Oakland Avenue Salt Lake City, Utah 84115 trust the Arabs to sell us oil. he said, we would ' have to get our energy from a presumably more reliable source, the Soviet Union. Flanigan failed in his mission, as Blackburn thought this sort of reasoning was crazy. The proposed deal is as follows: Two American consortia of companies are attempting to have the Export-Impo- rt Bank fecond Ctats Postage felt I Ndat Lcfe City, Utah finance cl C- - kV. I- - What is behind this drive to disarm t j r "r . k. i ; . 0'S 1 ca rt; ph ti w H citizens? H V HUMAN O O H j law-abidin- g C 3 tfi the weekly, in its January 19. 1974 issue reported k - that presidential assistant Peter Flanigan had visited Congressman Benjamin Blackburn, a strong opponent of expanding trade with the Soviets, in an attempt to persuade the Georgia to support f- re f1 sr jto e m VI EVENTS, Washington-base- d law-mak- er . the development, exploration and production of natural gas in the U.S.S.R. One consortium includes Occidental Petroleum. El Paso Natural Gas and the Bechtel Corp.: the other consortium consists of Tenneco. Texas Eastern Transmission, and Brown and Root, a Texas engineering firm. The price tag? SIO billion, a major portion to be financed through the taxpayer-finance- d Ex-IBank. The proposal calls for bringing gas 2.000 miles from Siberia to Vladivostok, and then across the Pacific Ocean; and from western Siberia across the Atlantic. Continued on page 10 m two-prong- ed 1 l7-35a- l7-35a- -8. 1 -5 |