Experience has also shown that there is another aspect of the problem which, by exciting hasty and improvident legislation, delays progress. I refer to the unpleasant connotation which surrounds the word ‘pollution.’ The public is likely to think of that word in terms of sewage and epidemics. I am told, however, that industrial waste is not a menace to public health….it is sewage which does the harm....
Unequivocally state that to blanket the Nation with a law such as is here proposed, delegating almost despotic power to political officers of the Nation, will work irretrievable loss to the industry which I represent, and will create a threat which cannot but seriously affect the continued production of metals and minerals so essential to the security and prosperity of our people.
Federal policing of coal-mine operations, is wrong in principal; and if, as we believe it, it is certainly contrary to the spirit of our form of government and probably contrary to the letter of our constitution.
Effective January 1937, we are compelled by a Roosevelt New Deal law to make a 1 percent deduction from your wages and turn it over to the government. You might get this money back . . . but only if Congress decides to make the appropriations for this purpose.
YOU’RE SENTENCED TO A WEEKLY PAY REDUCTION FOR ALL OF YOUR WORKING LIFE. YOU’LL HAVE TO SERVE THAT SENTENCE UNLESS YOU HELP REVERSE IT NOVEMBER 3.
We believe that a tax system designed to penalize the small group of wealthy individuals for the benefit of the others injures all groups by diminishing the incentive to productive effort, thereby reducing the total output available for distribution, which really constitutes the national income. … We oppose this Federal tax program on the ground that high estate and inheritance taxes tend to dissipate the aggregations of wealth on which industry depends for its capital and on which the government depends for a substantial part of its revenue under the present income taxes.
There is no such thing, biologically, socially or economically, as absolute security; but the greatest security comes from within the individual rather than from without and the Thames unduly to ensure, will so weaken the individual and cannot adapt circumstances and environment to himself, or himself to his surroundings.
Business and industry are already operating under heavy burdens: and that old –age insurance would cause more unemployment.
We believe that this measure, if adopted, means at best an annuity of doubtful value for the aged of the future and unemployment benefit of doubtful value for the normally temporarily unemployed of the future--at the terrific cost of retarding the reemployment of those who are unemployed today.
The Senate Finance Committee stands between us and stands between businesses that are almost prostrate, stands between us and destruction, and we feel that we can come to you for support and for protection. You will have no taxes to pay anything with if you do not keep American industry alive, and we have a right to depend on you gentlemen to do it, no matter what propositions, impractical propositions, are brought up.
