Show Taxes Cripple Cr Economy Expert A Avers vers Saving Impossible Ie Speaker Tells Manufacturers Meet Federal taxation threatens the nations nation's prosperity by destroying the ability o of citizens to save lave for tor Investments James E. E Barron Barren New Y York rk nationally known economist economist econ econ- asserted in Salt Lake City Friday S Speaking before approximately 40 businessmen attending a three- three day convention sponsored by the Utah Manufacturers' Manufacturers and National Association of Manufacturers Manufacturers Manufacturers Mr Barron Barren explained Citizens arc are unable to save at atthe the rate that has made our country country country coun coun- try great and has increased our standard of living in the past During the year 60 period before the depression he said Americans Americans Ameri Amen cans saved on ever dollar produced produced produced pro pro- and invested in making job-making o opportunities Standard Raised The result was increased production production production pro pro- of SOO during the period period pe pe- pe- pe nod raising the national standard of living to the highest highe t peak of ot the worlds world's history Today we face certainty of ot a deficit of annually Jn In gs- gs need eed d ct for Investment r ent J to p keep us IS on n this high road of prosperity He blamed the deficit entirely to the high rate of federal income tax declaring such high taxes destroy destroy de stroy incentive of those who save to invest in industry He recommended an across the board tax cut at all income tax levels o of 37 This would help those hose in the low income brackets to meet high costs a of living and would enable those who wish to invest to do so Discusses Rules During the morning session Dr Neal Bowman Philadelphia sales psychologist N A M discussed rules of platform appearance Foll Following Following Fol Fol- l lowing the discussion were short discussions on American Free Enterprise System given by L. L H. H H Griffin Grifin Ogden J. J E. E Cushman Preston Ida H. H A. A Lynn R. R Wilson and Harold E. E Wright Salt Lake City Ames K Bagley executive secretary secretary sec eec U M A was scheduled Friday Friday Friday Fri Fri- day afternoon to announce plans for a continuous continuo s' s speakers' speakers service to be lie operated through h the U UM M MV W V public relations committee headed by Wallace F. F Bennett Salt Lake City and V. V P. P Campbell Ogden The convention aimed at makIng making mak mak- ing hig businessmen more conscious of public relations will wn be concluded concluded con con- eluded Saturday |