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Show National Enterprise , May Page Eleven 19, 1976 THE T ax Reform NATIONAL Somehow the terms loophole" and shelter" have acquired a distasteful notation. The implication being that arc rarely used by anyone but the wealthy and must therefore be just this of being legal. tax con- they very side In full swing of an election year, Congress is, of course, hard at work writing bills to close up those gaping holes. In their crack down on "lucrative tax shelters," however, Congress might do well to consider the possible consequences of further tightening, restricting, and virtually choking the petroleum industry to death. Already they have repealed the depletion allowance for major oil companies and rolled back prices for their domestic oil. They have reduced their cash flow by $4.5 billion. With domestic production sliding every day, more "tax reform" within the industry could be the straw that breaks the camels Chairman back. Sen. Russell Long Finance of the Senate committee, warns further restrictions could "leave the country vulnerable to another Arab oil embargo that could make the first one seem like a picnic." (D-La.- ), If they're so determined to win votes with tax reform. Congress should look first at their own house where they just approved a a deficit that $50.9 billion budget deficit will most likely be financed through higher taxes. 2044 Israel and even New York. The bombs are still small, My wife is spending the next few days in New York. She London or 2044 the terrorists however. But sometime between now and bomb-and poof! are going to figure out how to make an atom As a matter of There goes New York. It simply has to happen. fact, it may happen often. One also has to wonder just how far government will have NRA with its gone by 2044. Again the trend is clear. The famous Blue Eagle began grinding out hundreds of codes. Times were tough in the 1930s and many people welcomed controls. However, the NRA codes required people to behave in a way they would not freely act. So, there had to be penalties. Tailors were arrested for pressing a pair of pants a nickel below code. Farmers were fined for planting wheat for their own use. If a barber didnt charge enough he was fined. And so it all began and it's still going on today. Men keep running for office with the promise of less government but somehow it continues to grow. Every year more agencies, more rules, more bureaucrats. a prime rib My wife and I are in the process of opening City. We have 7 licenses to date and we Its just possible that he and his friends might have the last restaurant in Salt Lake still arent open! What will it be like by 2044? Will it be easy go of it on this earth. By 2044, world population has got to their own businesses? be a significant problem. I know that some people keep putting virtually impossible for people to open up left? Or will the planners it down, but anyone in possession of a worldbook can easily see Will there be any free enterprise is clear. The planners that if we continue to grow at the current pace we are simply consume everything? Again the trend will eventually consume everything including the fun, I m going to have big problems down the line. We might, however, solve the problem for a while by afraid. Will my child and yours be fortunate enough to catch the last blowing ourselves up. What are the chances of an train out of the station? Or will the mediocrity of the world going off sometime between now and 2044? Id say pretty good. good And I dont believe that it will be Russian or American. The spoil it all? I cant help thinking how much fun he will have. I cant stop best guess would be some small country using it in a life or worrying that he wont. death fight. South Africa, Israel, Iran, who knows? But lets say that somehow small and large countries are able to avoid life and death wars. That still doesnt solve the Cheers, have problem. There will still be people who feel that they dont their fair share. Their solution has always been to blow the John Prince other guy up. It happens every day in Northern Ireland or owns a stationary store and this is the big trade show. So, I boy. Now Ive spent a spent this Sunday with my fair amount of time with him in the past. Id even go so far as to say that Im a relatively attentive father-- as fathers go. But this was the real thing. He wasnt really my boy until it came time to change a diaper, or fix dinner, or take a bath. I did it all. So, you say, "Big.deal." Youve dne the same thing. Well, okay, that isnt my point anyway. We did it all this Sunday. Rode on his first ate at his first ferris wheel, saw his first ostrich-ev- en McDonalds for the first time. a big day for a relatively new A big day for an father, too. Well, when you spend a day all alone with your child you start thinking all sorts of things. You cant help looking at a guy his size without thinking about how much fun he is going to have. By the time he is an old man it will be 2044. Imagine living until 2044! merry-go-roun- The Prince Column d, by John Prince ld; H-Bo- Prince, Langheinrich, & Greer |