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Show WASHINGTON FROM OUR CONGRESSMAN W. H GRANGER Domestic Fur Raising Becomes Agricultural Pursuit After a number of attempts during the past few years,' I introduced in-troduced and had passed in the House last week a bill transferring trans-ferring domestic fur-bearing animals ani-mals and Angora rabbits from the Department of the Interior to the Department of Agriculture. The industry has grown to the point where it is becoming a major industry. The transfer makes posible the producers to have the benefit of the experimental experi-mental work carried i on by the Department; also, to receive benefits ben-efits of farm loans under the Farm Credit Administration. The raising of these animals is now legally classified as an agricultural agricul-tural pursuit. Trend To A Balanced Budget Appears Likely Of good news to the taxpayers is the prospect that there is a definite trend toward a balanced budget in the next fiscal year, beginning July 1, and to a deficit jfor the current fiscal year that !will be 35,750,000,000 smaller than officially estimated only last January. Government finances fi-nances are in far better shape than anyone expected them to be at this time; and indications are that revenue for the year ending June 30 will be around $4,000,000,000 higher than it was estimated in January. Deficits are declining almost to the vanishing point. The Treasury collected more money than it spent in February and will do even better after March 15 taxes are in. The outlook on spending is that Government operations op-erations will cost approximately $1,700,000,000 less than the President Presi-dent thought they would cost. The basis for the present outlook out-look lies in unexpectedly high tax receipts from individual income in-come taxes. Business activity has not fallen as far from war peaks as experts expected; more people held on to jobs, and wage rates went up instead of down. The country appears to be on the threshold of a period resembling the 1920's when debt and taxes both declined under the stimulation stimula-tion of high business activity and a drop in Government spending. spend-ing. This trend presents a number num-ber of important choices to Congress, Con-gress, the Administration, and the people. Taxes can be reduced re-duced or more debt can be retired; re-tired; federal economics can be effected or spending programs can increase. New Demobilization Policy of Army The Army recently announced a new policy of permitting the return to this country from overseas over-seas assignments of all soldiers who lost a brother or some immediate imme-diate relative in the war. Such soldiers are to be stationed in the United States and, if possible, pos-sible, close to their homes. |
