Costs will rise

Costs will rise

Cry Wolf Quotes

The enactment of any equal pay legislation will add hundreds of employees to an already inflated Federal payroll and hundreds of thousands of dollars to an already astronomical Federal budget.

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W. Boyd Owen, Vice-president of personnel administration for the Owens-Illinois Glass Company, Testimony, Senate Hearing.
04/03/1963 | Full Details | Law(s): Equal Pay Act

The punitive taxes included in this budget will do nothing to stimulate the economy. Deficit reduction will come from reducing spending and tightening our belts much like private citizens must do. Government must stop living beyond its means and then raising taxes to justify the additional spending. As I write this, the Senate considers the plan. I can only hope the Members of the other body who support this largest tax increase in American history know in advance that they must explain to their constituents how taking more of their hard-earned money will help stop runaway budget deficits as spending continues to increase.

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James T. Walsh (R-NY), Congressional Record.

[The law will be] unworkable, unmanageable, unadministratable, unenforceable and extraordinarily costly.

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Bruce Coe, president of the New Jersey Business and Industry Association.

Pricing is still a concern with consumers. We continue to see sticker shock. And the potential exists that with some cars in short supply, Detroit will take advantage of the situation with some big price increases this fall. What Detroit will do is drive some people into small or used cars instead. In the last three to four years, price increases outpaced income gains and pushed people into used cars. Pricing is the reason the recovery won’t be robust.

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Wes Stuchlak, analyst with Chase Econometrics, Chicago Tribune.

Evidence