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Show deficit. This is why I voted against the tax revision measure last session ses-sion and this is why I will vote against any additional tax reductions reduc-tions this year. FRUGAL PEOPLE I share the desire to cut taxes with all of our people. But I am convinced that the average American citizen citi-zen will be willing to give up the 37 cents per week reduction in return for the assurance that his cost of living will not again skyrocket-and that his pension benefits bene-fits will be paid back to him in dollars having the same purchasing purchas-ing power that they did when !he placed them is his retirement ; fund. the preceeding 15 years works its hardships on those least able to arford it. Persons with large property prop-erty holdings and wealth can shift their assets to investments which rise in value with the cheapening of the dollar. The widow drawing social security, the retired railroadman rail-roadman and those living on small fixed income cannot do this. They stand helpless as the 100 cent dollar dol-lar which they contributed for security in old age is returned to them with a 47 cent purchasing power. LOOK TWICE This is the reason I always look twice at any tax proposal that will contribute : towards increasing the nation's Ua i - WHAT PRICE INFLATION ? Once again this year I am faced with that politically unpopular task of voting against a tax reduction. re-duction. This time the tax gim- . . . non ,.o. r-aAr(in same value in March this year as it did two years ago. This was not true for the preceeding 15 years. POOR MAN'S FOE Inflation which gripped iTiis country for mick is a $20 per year reduction a cut in taxes for everybody of about 37 cents per week. POLITICAL HAY The supporters sup-porters of this tax reduction maintain main-tain that this 37 cents per week increase would be a big bolster to the nation's purchasing power. What they fail to discuss is the overall effect of the tax reduction reduc-tion on the common man's pocket-book. pocket-book. They fail to predict the inflation in-flation that will result from the addition of $5 billion cost of this tax reduction to the nation's debt. NO TREADMILL Basically, the effect of the tax ' reduction would be to hand our people 37 cents per week in tax reduction and then take it away from them in the increased cost of everything they buy. For the first time in nearly two decades, the value of the dollar has remained constant. A pay raise, a dollar saved or a pension payment received had the |