Evening star., 1954-04-15

mittee will. upon enactment,
have a tremendously helpful eff
feet upon the economy" the
Secretary told the American So
ciety of Newspaper Editors.
while it is basically a long
overdue tax reform bill, it can
help greatly the current eco
nomic transition (from wartime
to peacetime).
There are many business
projects around the country
which are being help up pending
final decision on this revision
bill. It is imperative that the
earliest possible action should be
taken. When the bill is enacted,
these new or expanding busi-
nesses can go ahead with their
plans, which will result in the
creation of thousands of Jobs
and the vital expansion of our
economy"
Jobs Viewed as Keystone.
Secretary Humphrey empha-
sized that employment is the
keystone in the economic Struc-
ture.
He said Government can pro-
vide a fertile field in which
Americans can work and the tax
revision bill would make a con.
tribution in that direction. But.
ne said. a single act of Govern
ment does not in itself assure
success Of the economy; it is up
to the pepole to do more for
themselves and their loved ones.
Jobs are more important
than tax CUTS" Mr.. Humphrey
said. Jobs are what America
lives on. The entire fiscal pol
icy Of the Government is de-
signed and operated to promote
more and better jobs, which
more efficiently create the bet
ter cheaper goods. and the ex-
pansion of industry that makes
for the ever-improving standard
OF living we all want in
America"
The address at Hotel Statler
was a highlight of the opening
ASNE convention session. Ap-
proximately 400 editors from all
sections of the country had reg
1stered for the meetings which
will continue through Saturday.
Representatives Debate.
House Majority Leader Hal
leck. debating with Representa-
tive Mccormack. Democrat, of
Massachusetts,, the minority
whip of the House, told the edi-
tors the Eisenhower administra-
tion had a magnificent record
OF achievement" in it's first IS
months. The Republican claimed
credit for the cease-f1re in Ko-
rea, the end of imitation, tax re-
ductions, reduced Government
expenditures, a firm foreign
policy and a better internal Sc
curity program.
Mr.. Halleck declared the
prospects are good for Congress
sional passage of legislation
carrying out numerous other
promises made by the Republi-
can party.
Mr.. Mccormack took sharp is
sue. He said the hard money"
policy the administration an
nounced last year. Created so
much fear that deflation went
further than they (the Repub-
licans) intended"
Doubts Balanced Budget.
The Massachusetts, legislator
also voiced doubt that the coun-
try will have a balanced budget
by the end of this administra-
ton.
He contended the only majority
legislation this session was the
excise tax reduction passed con-
trary to President Eisenhower's
recommendations. He said this
would unbalance the budget fur
ther by 1912 million.
Vice President Nixon will speak
at the principal convention
luncheon tomorrow. Former
President Hoover will deliver an
address at the closing banquet
Saturday evening.
The ASNE Board of Directors
yesterday elected two new men,
bers Of the society. both from
Newport News, Va. They are
Clarence G. Marshall and Will
liam M. Harrison.