32
—Lancaster Farming, Saturday, April 16, 1977
AFBF opposes tax rebate
PARK RIDGE, 111. - Allan
Grant, president of the
American Farm bureau
Federation (AFBF), on
Thursday deplored the
“shortsighted and in
flationary” 150.00 tax rebate
provision of HR 3477 and
urged the U.S. Senate to
defeat it.
/^Slr\
Bush Hog with more plus features, longer service life, and fewer repairs builds equipment
you can rely on. There's a Bush Hog harrow for EVERY farm.
ft., w-scrapers, 9” spacing
front, 7Vz spacing rear w-levelers, 20’*
blades.
In personal letters to every
member of the Senate, Grant
said it would be the “height
of fiscal irresponsibility” to
increase the federal budget
deficit by borrowing billions
of dollars to finance a
program of distributing
government funds on a per
capita basis.
“The immediate effect..”
Grant said, “would be to
increase government
competition with private
borrowers, plhce an upward
pressure on interest rates
and discourage private in
vestment in plants and
equipment.”
The farm leader said that
at this point in the apparent
economic recovery of the
nation, the inflationary risks
of attempting to stimulate
the economy by increasing
the federal deficit outweigh
any potential benefits.
Bush Hog features box frames; accurate weight regreasable ball bearings. Bush Hog harrows have plain,
distribution for proper balance ; quick, easy cutting angle notched, or combinations of blades, with 18”, 20", 22”, 24",
adjustments, and mechanical cutting depth and transport and 26" diameters. Blades are spaced at 7Vz”, 9", or 10VS”
control. Bearing spacers on gangs are machined to ensure intervals. The disc harrow’s clean design allows ample
precision fit. Gangs are equipped with triple-sealed, trash clearance.
Pointing out that the
federal deficit in 1975 was
$45.6 billion; climbed to $65.6
billion in 1976; and is
estimated to exceed $6O
billion in fiscal 1977, Grant
said that this “rebate” type
of stimulus to the economy is
highly questionable.
“In fact, the proposal is
not a 'tax rebate’ at all.”
Grant explained. “Rather, it
is a proposal to distribute
$50.00 per capita to eligible
persons, many of whom paid
no taxes on 1976 mconje.”
Grant maintained that the
Congress can make a
greater contribution to full
economic recovery by
moving toward a balanced
federal budget, and pledged
that Farm Bureau would
support permanent reduc
tions in tax rates if ac
companied by comparable
cuts in government spen
ding.
DISC HARROWS IN STOCK
1432-10610 ft. 3”, w-scrapers, 9” spacing
front, 7Vz" spacing rear w-levelers, 20"
blades.
AKBF is the nation’s
largest general farm
organization with more than
2.6 million family members.
President Carter repor
tedly is having second
thoughts on the $5O rebate
idea (}ue to adverse reactions
from leaders such as Grant.
ERTH-RITE
SOIL COWOiriOWER
MAXICROP
LIQUID PLANT
FEEDING
FEED-RITE
Vitamin & Mineral for livestock
and poultry
ZOOK &
RANCK, INC.
ROl, Gap, PA 17527
Phone 717-442-4171
HHOG
M DISK HARROWS
CHISEL PLOWS
2 KUBOTO The In-Between
4 B6OOOT ►
4 ■ This tractor is big on work,
* smalt on fuel Liquid cooled,
▼ 2-cyhnder diesel, 2-w heel
4 drive Takes a fun range of
t implements
OKUBOTH
I 85 years of
▼ customer satisfaction
♦
I KELLER BROS. TRACTOR CO.
▲ Buffalo Springs Cali (7X7) 949-6501
f 10 Miles North of Lititz
1438-118 13 ft. 10", w-scrapers, 9”
spacing front, 7Vz" spacing rear w
levelers, 22" blades, dual wheels w-new
tires.
SEE US FOR THAT
EXTRA SPECIAL DEAL
'♦l