Show business deals retarded by paternalism and taxes there have been frequent statements from business leaders explaining that business expansion and employment plo anent have bare been retarded by uncertainty as to how far the federal government has gone or may go into competition with private business another fear expressed was as to the effect on business of various items of legislation particularly with relation to taxes the following fol loNing paragraph from a purchasing order by a large western contracting tr firm shows how these uncertainties tain taint ties les operate on the everyday every day business transaction seller arees agrees to indemnity indemnify and save buyer harmless and to assume full responsibility for payment of all state and federal taxes for unemployment insurance old age pensions or any other social security legislation ns as to all employees engaged in the performance of this contract and further agrees to meet all requirements that may be specified in regulations now or hereafter pro promulgated millgate ii from time to time by administrative officials the seller was required thereby to assume a variety of obligations that formerly were unheard of in business transactions the incident is cant in connection with the oft re heated question ns as to why economic recovery is la lagging g ing |