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Show DESERET NEWS, Friday, September Panel Weighs Credit Repeal l l WASHINGTON meeting 9-- committee will reconsider the plan. Senate Democratic Leader Mike Mansfield said the policy committee is opposed to action on the grounds senators will seek to make the measure a tax reform bill, attaching to it their own reform proposals. Some Democrats may also oppose separate action on the investment credit on the grounds passing it now could diminish Nixon Administration support for a tax reform bill which induded repeal of ihe credit. jexpenditures. But the proposal, even if adopted by the committee, was likely to encounter stiff opposition from the Demo-crati- c Policy Committee on 'the Senate floor. Repeal of the investment which allows busicredit nesses to deduct up to $7 from every $100 of their taxable inwould cost businesses come an estimated $2.8 billion a I; separate year. ENACTED IN 1900s investment credit was The 4 durenacted in the early ing a time of business sluggishness at the instigation of President John F. Kennedy. .' The Nixon Administration has been pushing for its repeal on the grounds incentives for business expansion are inflationary. After the policy committees opposition blocked Senate consideration of the repeal attempt in July, the House, l0s j A 1 Treasure From Mj Interlocking white or yellow Gold 14K OS Hz m i Vaults iM had Which ij earlier this week, on die repeal action separate proposal was approved At todays dosed session, the (UPI) Phe Senate Finance Committee is considering a Republican proposal for swift repeal of the 7 per cent investment credit of business equipment ptwiously apvoted to it in die tax reform bill now under finance committee proved repeal, 19, 1949 in-Iu- de consideration. SEPARATE ACTION? Treasury Secretary The Cleopatra Only $99.50 Kennedy and Sen. !But J.M.Williams of Delaware, the finance committees rank- ing Republican, have been J. urging the committee to act on investment separately credit to end business uncertainty over the subsidys future. informal committee la Easy CreditNo 280 S. MaiiWPh. u Hesse understand: We have no bone to pick with electricity. Our philosophy has been: to each his own. Leave it to electricity to turn on the lights and run the mixer. And let the gas flame do the jobs it can do best and most economically. But when somebody gets the wires crossed, its time we speak up and tell the story like it is.. .in fairness to the 236,700 home-ownein our service area who heat their homes with natural gas and might be tempted to believe such statements as: 364-46- rs SEPTEMBER SAVINGS V y y Electric heat costs in most homes 'are now about the same as gas1" Now let's tell it like it really is: i hi a home of standard construction, electric heat costs at least three times as much as gas heat in the area served by both the Utah Power & light Company and Mountain Fuel Supply Company. I i i. W i r - r ? i y 4 ..wj j Electric heat, however, requires special insulation to keep operating costs even near the ball park. With the cost of this special insulation and thermal windows the cost of electric heat is still at least times the cost of gas heat in a home without all the extra insulation. two-and-a-h- ' Shall we both tell it like it really is? 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