National Association of Manufacturers (NAM)
Commentary
Cry Wolf Quotes
Certain specific provisions of these bills are bound to result in extensive governmental intervention in employer-employee relations….These terms ‘comparable character’ and ‘comparable skills’ do not necessarily mean the same job. In fact, they are so general and so vague as to give an administrator a grant of power which could destroy the sound wage structure which many industrial companies have worked for years to perfect.
The proposed pay-roll tax is not only a sales tax, but, in addition, is a production tax, a processing tax, and a distribution tax. It has all the vices and none of the virtues of a sales tax. It is selective as to the classes of business against which it is to be assessed, and hence, is discriminatory. It is cumulative; it applies over and over again on every operation from the production of raw materials to and including the final sale of a product to the ultimate consumer…The pay-roll tax is a hidden tax and each successive purchaser of a commodity pays the tax if it can be passed on under the circumstances of the particular transaction.
The Securities Act of 1933 created a serious obstacle to recovery, through its drastic regulation of the issuance of new securities by private enterprise. The Banking Act of 1933 created an additional impediment through the provisions of Section 16 prohibiting the national banks from participating in underwriting securities after June 16, 1934.
The danger is from those who believe that government should be the source of all economic hope for the individual. The danger is from those who believe that government planning is a better device than the free marketplace for distribution of goods and distribution of the nation’s wealth.
Evidence
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Regulations at Work: Five Rules that Save Workers’ Lives and Protect their Health
This paper looks at five worker-safety regulations that were tremendously successful in reducing employee injuries, illnesses and fatalities.
