Mt. Pleasant Pyramid | 1947-11-21 | Page 6 | It's your Business!

It's Your business! ! Americans want high production, produc-tion, plenty of jobs, and a dinner j table as full as it can be after j we have helped feed Europe. i Whether they will get these things depends on the total effect ; of millions of day-to-daV decisions by individual citizens decisions on buying or selling, on hiring j more or fewer workers, on ex- panding or contracting an estab- . lished business or starting a new ; business. Freedom to make such de- ; cisions, and to plan for the coming com-ing year is hampered today by lack of defnite knowledge about tax rates. Taxpayers can't be sure whether taxes are to be cut in j 1948, and if so, how much they j will be cut. Two tax reduction bills have j been vetoed. Some of the Presi- j dent's advisers want him to take a firm stand against tax-cuts in ; 1948. j Uncertainty has been growing j in the Middle West, the "nation's' breadbasket," where farmers have j been undecided whether to sell ; wheat or hold it in anticipation I of lower taxes in 1948. ; In many areas, it is reported, the farmers have been selling only grain for which they lacked farm storage space. One of the first things a man asks, when making decisions, is what will be the effect ef-fect on his tax bill. Many such decisions are being made in the dark. Those who make them hope for good prices and lower taxes taxes on the order of the 12 per cent minimum and 50 per cent maximum advocated advo-cated by industry for the individual indivi-dual income tax rates.