Show FLAGRANT public ownership of electric utilities which Is being promoted b by y tile the great tax exempt red fed brally owned power projects such as boneville TVA and others in all parts of tile the country Is going to be a snare and delusion to many unsuspecting communities the minute a privately owned electric company Is taken over as a government or municipal project it la Is no longer subject to the regulatory or tax laws which apply to all privately owned electric companies taxable assets of that community are removed from the tax rolls with resulting tax loss to city county state and federal governments which must be made up by other taxpayers the oregon legislature recently moved to tax public owned utilities the howl that went up tip front from the municipal plants was redi ridiculous culous the manager ot of tho the municipal plant in the state waited called that such buch a measure leiis would cause an increase Inci easo lu in hla his rates ot of 20 per cent although lie would mould still enjoy total exemption from all federal Ie deral tabes what line of bu business cut rates latea it if it exempt from state and federal tax bills tax exem exempt pt parasites add to the loud load of eiery other over overburdens burdene d tn ta it if public ownership socialism can compete with private on a basis of equality why does it so strenuously object to paying its just share of tile the ost cost of 0 government the same as any other american citizen or industry industrial news review |