Evening star., 1960-07-25

even more fully our expanding,
overall capacity to produce. We
must quicken the pace of our
economic growth to prove the
power of American free enter
prise to meet growing and ur-
gent demands: to sustain our
military posture, to provide
jobs for a growing labor force
in a time of rapid chronological
change, to improve living stand
ards. to serve all the needs of
an expanding population.
We therefore accord high
priority to vigorous economic
growth and recognize that its
handspring lies in the private
sector Of the economy. We must
continue to foster a healthy cli-
mate in that sector. We reject
the concept of artificial growth
forced by massive new Federal
spending and loose money pol
icies.
Tax Reform Urged
The only effective way to &C
celerate economic growth is
to increase the traditional
strengths Of our free economy
initiative and investment,
productivity and efficiency. To
that end we favor:
/. Broadly based tax reform
to foster job making and
growth-making investment for
modernization and expansion,
including realistic incentive de-
probation schedules.
2. Use Of the full powers of
Government. to prevent the
Scourges Of depression and in
f1ation.
3. Elimination Of featherbed-
ding practices by labor and
business.
4. Maintenance Of a stable
d ollar as an indispensable
means to progress.
5. Relating wage and other
payments in production to pro-
ductivity-except when neces-
sary to correct inequities-in
order to help stay competitive
at home and abroad.
6. Spurring the economy by
advancing the successful Eisen-
hower-Nixon program fostering
new and small business; by
continued active enforcement
Of the antitrust laws: by pro-
tecting consumers and inves-
tors against the hazard and
economic waste Of fraudulent
and criminal practices in the
market place; and by keeping
the Federal government from
unjuStly competing with pri-
vate enterprise upon which
Americans mainly depend for
their livelihood.
7, Continued improvement
of our vital transportation net
work. carrying forward rapidly
the vast Eisenhower Nixon ma
tional highway program and
promoting safe. efficient. COM
petitive and integrated trans
port by air. road, rail and water
under equitable. impartial and
minimal regulation directed to
those ends.
Trade Barriers
8. Carrying forward, under
the Trade Agreements Act, the
policy Of gradual, selective-
and truly reciprocal-reduction
Of unjustif1able barriers to
trade among free nations. We
advocate effective administra =
ton Of the acts escape clause
and peril point provisions to
safeguard American Jobs and
domestic industries against
serious injury. In support of our
national trade policy we should
continue the Eisenhower Nixon
program Of using this Govern
ment'S negotiating powers to
open markets abroad and to
eliminate remaining discrimi-
nation against our goods. We
should also encourage the de-
velopment Of fair labor stand
ards in exporting countries in
the interest of fair competition
in international trade. We
should, too, expand the admin
iStration's export drive, en-
courage tourists to come from
abroad, and protect United
States investors against arbi.
trary conf1scations and expro-
priations by foreign govern
ments. Through these and othel
constructive policies, we will
better our international bal
ance of payments.
9. Discharge by Government
of responsibility for those &C.
tivities which the private sector
cannot do or cannot so we'll do
such as constructive Federal
local action to aid areas oi
chronic high unemployment, 6
sensible farm policy, develop
ment and wise use Of natura,
resources, suitable support oi
education and research. and
equality of Job opportunity fol
all Americans.
Action on these fronts, de-
signed to release the strongest
productive force in human af-
fairs-the spirit Of individual