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Show vestor-owned electric companies pay almost this much per kwh for taxes alone. So, if they met TV A rates, they would have nothing for payrolls, plants, fuel, or any other operating cost. How would you like your business to be measured by the phony TVA "yardstick?" COMPETITION - TVA STYLE The New York Times recently published a long letter from a, reader, B. L. England, telling some' facts about the Tennessee Valley Authority, and what private enterprise enter-prise is up against in competing with it. One fact: This country's investor-owned power companies pay a total of more than $1,600,000,000 in taxes a year to federal, state and local government which works out to about 23 cents for every dollar of their revenue. TVA pays only 6.8 cents on the revenue dollar in taxes. Another fact: As of the beginning of last year, $5,500,000,000 of public money (the" taxpayers' money) had been invested in TVA -- and current projects, authorized or planned, will bring that public investment to $15 billion. Still another fact: Advertisements Advertise-ments placed in the Times and other newspapers by groups seeking to attract industry to the TVA area say that industrial power can be bought for as little as 6.03 mills a kilowatt hour. Ir |
