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Show Fare THE UTAH STATESMAN 4 Friday, January 3, Income Tax Hearings To Start Jan. 7 Before Ways and Cleans Committee WASHINGTON Hopes for in. come tax reduction are centered on the epochal hearings starting January. 7 before the House Ways and Means Committee. These hearings could determine the nations future. reduction advocates in contend that the Washington Soviet challenge must be met by maintaining the strongest posin addition to sible economy developing military might .They contend also that tax reduction is economy and assure the producthe tion and future demands. Arguments with respect "to a wide variety of tax' revision will be presented to the Tax es . pro-posa- ls committee. More than 300 re- quests have been received from persons or organizations wishing to testify. This high degree of interest is regarded as encouraging but is not surprising in view of the fact that this is the first opportunity presented by Congress in ten years for a complete of the nations income tax rate structure. Some of the testimony will recommend enactment of the bill, which would lower personal and corporation income tax rates to a maximum of 42 per cent by a series of five years. Backers of this legis Sad-lak-Herl- lation believe that, among other things, it would make available a supply of capital. Members of Congress favoring tax cuts as an investment in the nations future obviously are aware that they face formidable hurdles. But they are convinced that their cause is just. Perhaps the principle hurdle is the governments fiscal situation As presented by high officials, mid-yea- p SPORTSMEN'S The Utah Fish and Game Commission, in its regular quarterly meeting last weekend, gave Utah sportsmen their longest fishing season in many years. The 1958 general angling season, set last year to begin June 7, will close on November 15 on all except seven waters in Duchesne, Morgaif, Rich and Wasatch counties where special regulations will apply. Other actions covering the regulations governing the general angling season lor 1958 saw the commission making some major changes. Fishing hours have, been lengthened by one hour over previous years, from 4:00 am. to 9:00 pm. daily. All size limits were removed on both game and non-gafish, limit a take to it legal making of trout measuring 6 inches each. More Waters Several more waters were made open to year round fishing, some of which were all waters in Cache County west of highway 91; Clear lake; Goshen Creek; Howell Reservoir; Locomotive Springs; Provo River upstream to the Geneva Road; Nine Mile Reservoir; Palisades Lake; all waters in Tooele County and Sevier River pproper including East Fork below Otter Creek Reservoir, and the entire West Fork including Asay Creek. In addition, all waters open to year round fishing were opened to fishing on a a day me 24-ho- ur basis. Bag and possession limits will remain generally the same as for last year. The game fish classification of trout, salmon, grayling, bass and pike was broken, making it possible for anglers to take a limit of trout, salmon or grayling and another limit of bass and pike in any one day. Other changes made by the Commission include a ruling that camp fires are not artificle light. Relaxed Regulations All general and special regulations included in the annual angling proclamation will be published at a later date and will be available in reprint form from , miS UYJIMJ non-essent- ial it is as follows: r The October 1 budget review for the fiscal year ending next June 30 (the present fiscal year) estimated receipts at. $73.5 billion, expenditures at $72 billion, and the surplus at $1.5 billion. However, Defense Secretary Neil H. McElroy announced on December 20 that the Administration would ask Congress for another billion dollars to finance defense spending for stepped-uthis fiscal year. In addition, the staff of the Joint Congressional Committee on Internal Revenue Taxation Which in the past has been rather accurate estimates on November 27 that receipts for this fiscal year would be $72.2 billion, down $1.3 billion from the October 1 forecast. If all this proves mathematically correct, therefore and there is no change other wise the government would end this fiscal year with an $800 million deficit. But many in Washington contend that, even if these forectsts turn out to be accurate, changes can be made otherwise. They assert that considerably more than this amount could be saved by eliminating government waste and extravagance, abolishing programs, and postponing other programs which are not urgent. The same reasoning applies to the next fiscal year, even though there may be another increase proposed in defense spending and it looks as though this is certain. Supporters of the bill point out that the tax cuts scheduled are based on the expectation that the normal growth of the economy would provide enough additional tax revenue to justify the rate re- . Sadlak-Her-lon- g ductions. In reply to contentions that tax revenue is now diminishing rather than expanding, they point out that, generally speaking, economists predict an upturn within a few months. In addition, the bill permits tax a of scheduled postponement cut if economic conditions are Sadlak-Herlon- g adverse. Sec. Weeks Sees Business Gain both department offices and license vendors over the state. The Utah Fish and Game Commission in its recent winter quarterly meeting announced a relaxation of the fishing regulations on Scofield Reservoir in Carbon County as a preparatory measure to chemical treatment of the water next fall. Beginning Janurary 1, all fishing regulations are to be relaxed the Commission said. Licensed anglers may fish at any time, day or night, and use any baits, including cheese, meats, com and The outlook economically for far better that pessimists think, Secretary of Commerce Sinclair Weeks said this week. Overall, the Secretary said, 1957 was the most prosperous year in the history of the United States, with the economy reaching new peaks for the third straight year. He cited record employment, record income and 1958 is nail-biti- ng consumer spending. While acknowledging that he is fully alert to the current business slowdown, ' Mr. Weeks said he expects the level of business minnows. Use of poison, dyna- to be high in 58, with a mild mite traps and nets will not be dip then clifb. Stepped up defense orders, legal. There will be no bag limits. Chemical treatment of the Historys greatest highway prowater for removal of trash fish ject, continued population growth it was further said is planned for and private spending are plus faclate fall of 1958 when the level tors cited by Mr. Weeks in makof the reservoir is lowest. ing his prediction. Personal income for 1957 was Recent Actions 343 billion dollars, a rise of 16 Recent actions taken by the bilion above 1956, a 5 per cent Utah fish and Game Commission increase. While prices were up included the following: 3 Mr. Weeks noted that cent, per Approved the purchase of 28 there were still reflected a gain additional two-wa- y mobile radios, thus equipping most of the states in real purchasing power. A number of new records were game wardens with the new enestablished tool. forcement by the national eco- Approved request of the recently formed Utah State Park and Recreation Commission for finincial aid in the administration of the proposed Wanship Dam recreational area. A commendation to the Utah Wildlife Federation for the furthering of the cause of conservation during the past year. Commission members present at the meeting were K. E. Bullock Provo; Robert B. Mitchell, Pa rowan; Golden G. Sanderson, Fairview; and Dr. Paul G. String-ham Roosevelt. The next meeting is scheduled for January 1958. Spokesmen for the Utah De partment of Fish and Game today reminded sportsmen to retain their fishing or combination license for 1957 if they intend doing any winter or spring fishing prior to April 16, 1958. By legislative regulations the fish and game license year begins April 16 each year and ends April 15 the following year. 17-1- 8, nomy during 1957 Bicycle Owners Warned of Rules Bicycle owners were warned this week to register their bicycles at any of Salt Lake Citys fire stations or citations will be Issued by Salt Lake police. The warning came from Police Chief Cleon Skousen. who said the issuing of citations to all unregistered bicycles will begin Thursday. When citations are issued the owners will be given two weeks to register their bicycles. If they are not registered by that time, a warrant of arrest will be issued. Cost for registering a bicycle is 50 cents, which is good for the life of the bicycle or until it is sold or traded to another owner. 10 Youll prefer it on any occasion. It's as mild and light and free from bite as the most expensive imported. Scotch and Canadian whiskies, yet has the delightful flavor that only fine Kentucky ' Bourbon can bring you I nr rvi UzLbuVJ UlU KENTUCKY STRAIGHT BOURBON WHISKEY 86 PROOF 6LENM0RE DISTILLERIES CO., LOUISVILLE, KENTUCKY Glenmotse 1958 |