Evening star. [volume] (Washington, D.C.) 1854-1972, 1943-03-11
2. Plans for Development of an
Expanding Economy Through
Cooperation Of Government
avid priv
and Private Enterprise.

anu frlVate Enterprise.
A. Plans for Private Enterprise.
For the maintenance of and as
sistance to free enterprise and eco
nomic democracy we recommend for
consideration:
l. Measures to encourage the
healthy and aggressive development
OF private enterprise, to stimulate
initiative and resourcefulness of
management and to open the cham
nelS of investment opportunity,
large and small
2. Measures to prevent the abuse
OF economic power, or monopollst;c
privilege, and to check the Wasteful
exploitation of the Nations re-
sources.
3. Measures to eliminate avoidable
uncertainties and needless burdens
IN the laws affecting enterprise and
IN their administration.
B. Plans for Finance and Fiscal
Policies.
1t is our national policy las 1t
has been since the beginning of our
history to accept as a suitable role
OF Government, positive effort 70
foster and encourage the free &C
tiVltles Of private individuals and
agencies IN advancing their we'll
being through productive enter
prise
Accordingly, the fiscal and none
tary policies Of the Federal Gov
eminent should be conceived and
administered to complement and
supplement these activities of pri-
Vate enterprise in the maintenance
OF adequate effective demand.
working under appropriate legis-
iatlve guidance and authority, the
several branches of the Federal
administration dealing with fiscal
and monetary policies and action
must work within the framework
OF a common national policy, if our
purposes are to be satisfied.
Experience has shown that COM
mon national policy in the fields
OF taxation. expenditure. Federal
borrowing, Federal lending and
monetary planning cannot be
achieved by the several Federal
agencies working separately or bv
voluntary time-to- collabora-
ton.
Public works, social security and
like programs and activities give
reality to the maintenance of ade-
quate purchasing power. the secur-
ing OF full employment and the
optlmum degree of private business
activity, and would necessarily be
considered in the formulation of the
various phases Of a unified national
plan.
The fiscal plans of State and local
governments and those of the Fed
eral Government must be firmly
associated lest the policies of these
important taxing and spending
agencies conflict in the discharge
OF their respective responsibilities
Broader Tax Base.
The kinds of fiscal and monetary
question that will require considera-
ton in the postwar period are Illus
trated by the suggestions III the
boards pamphlet. After the War
Full Employment" as to policies
then probably desirable. in part as
follows:
/, Retention of progressive grad
uatedD tax structure and broadened
tax base. with major emphasis on
the individual income tax end less
reliance on the corporate income
tax
2. Sharp reduction in consump-
ton taxes.
3. Adequate program of public
improvement projects.
4. Expansion OF public welfare
expenditures. This involves partly
an expanded program and partly
means of reducing State and local
property and consumption taxes.
5. International collaboration to