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Show Across 4 y ysc&r hcffi f?ir2&J idea from other ditorj From the Warren Record, War-renton, War-renton, North Carolina: "Congressional "Congres-sional tax experts have secretly concluded that the government will collect more tax revenue in the fiscal year starting July 1 than President Eisenhower anticipated." anticipa-ted." said a press dispatch earlier in the week "Their report," the dispatch continued, con-tinued, "is likely to give a new push to congressional drives for an early tax cut." The news article tends to point up something that has disturbed us for some tin.e. This is the apparent ap-parent Indifference of congress to the desirability or reducing the public indebtedness of the United States, which has long ago reached alarming proportions. We do not like to pay Federal Income tax anymore than does the next person, and we trust that not too many will find It any more burdensome than do we. And yet we feel that in times of peace and prosperity that the federal debt should be reduced. If for no other reason than to improve our posi tion In times of emergency. For this reason we have long felt that in making up the federal budget each year, that a provision of several billions should be included towards reducing the federal debt. Certainly it seems to us that any unexpected surplus should be used to this end, rather than for a tax cut. And wi.ile we are on this subject, sub-ject, and wfiiie ve can not pose as a money expert, it jeems to us that the way to control inflation is not by increasing interest rates, which add to the income of money lenders, and only serves to penalize pena-lize small business, but through increasing and decreasing the tax rate. It seems to us that when prosperity is heading us into an inflation, that a boost in the tax rate would serve to drain off surplus sur-plus funds which could be used to decrease the debt. When the wheel turns and we head into a deflation a lower tax rate would leave more spending money in the hands of the consumers and thus tend to halt that trend. |