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Show Vp Your Man Kri In Washington By U S' Senator (rrin G. Hatch How Bureaucracy Fuels Inflation Early last year the President said, "I believe that government, business and labor together can, as an interim goal, reasonably aim at reducing reduc-ing the rate of inflation by two percent by the end of 1979." The President's goal, no matter how sincerely sought, is being stifled by the federal bureaucracy created as a result of one political party control of the Congress for the last 40 years. The Carter Administration's Ad-ministration's goal is basically four percent inflation in-flation per year, or less, by the end of the President's first term in office. The goal is honorable but not very realistic when compared to the actions of the spend-thrift Congress during the first session of . the 95th Congress. During the next 12 months additional addi-tional costs to the taxpayer and federal treasury will fuel inflation at a tremendous tremen-dous rate, and the cost of doing government business will continue upward up-ward and out of control. Starting at the first of the year a 35C-per-hour increase in-crease in the minimum wage began to force the price of goods and services upward. The President says, "High unemployment unemploy-ment is morally unacceptable," unaccep-table," but the Administration Ad-ministration supported, without reservation, the minimum wage increase which will send about 800,000 workers looking for jobs over the next few months. According to the U.S. Chamber of Commerce, Com-merce, 3.5 million jobs will be lost by 1980 because of the minimum wage increase. in-crease. Increases in the Social Security payments by employers will add $6.8 billion to the cost of doing business, a cost that will be passed on to consumers. con-sumers. Federal forms and paperwork requirements will add $65 billion to business costs and will also be added to consumer prices. The proposed energy bill, which is nothing more than the largest taxing package in the nation's history, will come directly from the people in the form of higher prices for goods and services plus taxes on the fuel they buy. Add to this an $80-billion $80-billion increase in the national na-tional debt, a $3-biIlion increase in-crease in unemployment insurance, an increase in the price of food as price supports help farmers get a more equitable price for their products, a 15-percent 15-percent increase in the food-store price for sugar, p and finally increases in postal rates. In order to offset all these new price increases, a $25-billion tax cut package has been offered. Simple addition of the above listed increases will 1 quickly show that this action ac-tion will be too little too late. A much larger tax cut with across-the-board spending cuts in all levels of government is needed if this inflation-generating bureaucracy is to be stopped. |