Salt Lake Telegram | 1939-03-21 | Page 6 | Five Factors in Recovery

Five Factors in Recovery ' Lt of Series : ' while there can be no decrease of taxes, he may hop for some chang in th type of taxes. Th business man does not want the undistributed profits tax on corporations and he want the rata mitigated in th upper brackets. But if th upper brackets brack-ets are relieved, then they will have to be shifted to the lower brackets, At least business lead-era lead-era believe that they have gotten over to the administration in a What can the preeent administration adminis-tration d t speed th machine f bualneas aioag the read to re-evryf re-evryf la this, the seeond f twe article, John T. FTynn, Bated writer mm easiness topic fee NF.A rvlc ami The Telofram, point eut the five key t race ra-ce very. By JOHN T. FLYNN WASHINGTON What the business community and th conservative con-servative groups want to know la how much can be done by this administration ad-ministration for business in its present "turn to the right." This concern centers around certain key subject ao far aa business is concerned. One of them is taxes. The other la government regulations. The third la th anti-trust laws. The fourth is labor. Th fifth I th question of money and th dollar. Whether the administration can actually d anything for them or not at least one thing Is quit possible. It can stop frichtening them. It can also declare a moratorium mora-torium upon reform. That of course, what th bualneas man wants. The libera) group feel pretty bad about this. They insist that actually few of the great major ma-jor reforms required by th country coun-try have been carried through. . Can the administratloa balance th budget next year? Th answer an-swer la "no." Can It reduce taxes? Walt th president ha announced that he will not raise taxes. That la as much as any sunn anaa caa expect But I ' big way their demand for the elimination of those taxes which tend to hinder investment And privatev in vestment Is the oil that turns the wheels of industry. What can the administration do about the railroads? Secretary Hopkins said in his Des Moines 1 speech that a solution of the rail problem must b found. But he I gave no inkling of what he would recommend. One thing la certain: cer-tain: not a great deal can be don about this quickly. The solution of th railroad problem should have been tackled In 1933. What of construction ? Of course, construction is affected by ao many factor outside the power of the federal government that lt ia very hard to know what, it can do quickly to start building' now. The building industry from top to bottom is tied up in price- ' fixing and production control combines and agreements labor, dealera, manufacturers, sub-contractor all leagued to keep price up. The government certainly baa no plana on this front One thing the president can do of inestimable value as a political move and that is to deliver himself him-self Into th hands of th sound money groups la his party. Uncertainty Un-certainty aa to money baa caused a great deal of trouble. Fear of devaluation and other apprehensions apprehen-sions aroused by th president's talk about money and managing th dollar, etc, have been responsible respon-sible for ne end of hesitancy ia investment. Copyright 13, NEA Service.