Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-21


Republican president
Federal "right-to-work" legis.
lation.
@. Do you favor tax reduc'
ton when there is a Fedora
budget deficit?
Goldwater - The answer K
this would rest primarily OF
the rspidity Of growth Of thu
domestic economy.
Rehabilitation many years
I have favored revising the
Federal tax structure to pro-
mote q faster rate Of economic
growth - particularly by en-
couraging more investment ir
industrial expansion - ano
thereby provide more and bet
ter job opportunities.
Population growth and the
great number Of young people
coming out of school and col
lege in the next five years alone
will require 20 million new jobs
We cannot let these young
people down nor can we let
down others who lose their
jobs through no fault Of their
own - due to automation or
other causes.
Right now, a properly de-
signed tax cut can give the
economy q tremendous boost.
In March Of this year. I pro-
posed an immediate tax cut
specifically designed to stimu-
late private investment and
savings and Immediately give
consumers more after-tax in
come. This kind Of tax cut
combined with q strict policy
Of holding the line on Federal
Government spending. would
bring about faster growth, raise
Federal revenues, and permit
us to return to a balanced
budget by fiscal 1865 or at the
very latest, fiscal 1866.
With our present high rate
of unemployment and with a
fairly large amount of our
plant capacity standing idle
we can cut taxes now without
the risk Of initiation, provided
we combine this action with
positive expenditure control.
Budget Issue
@. Do you believe the Federal
budget should be balanced
every fiscal Year,
Goldwater The Federal
budget can and should be
balanced during each fiscal
year, except during periods OF
war or other extreme national
emergencies.
Rockefeller-I believe strong
ly in balanced budgets. Federal
expenditures cannot continually
and substantially exceed reve-
nues without bringing about
ruinous consequences for oul
economy and for the ftnancia.
structure of the whole free
world.
There are times when the
Federal budget cannot be bal
anced - when an overriding
crisis, like war or a catastrophe
depression, occurs. But we
should always get back to 9
balanced budget as soon there
after as our economy permits
AS I just pointed out above
Il favor a tax cut this year
but only If combined with g
strict policy of expenditure
control so that we can return
as quickly as possible to a bal
anced budget.
1 have balanced the New
York State budget every year
and I believe this is essential
At the Federal level, I favor
at the absolute minimum, bal
ancing the budget over tn
course of the business cycle
This requires a clear commit
ment to a policy of running
a surplus in good times so thai
we can avoid initiation. Wher
business is bad, the Govern
ment will therefore be in
position to sustain a deficit tt
help get the economy back OF
its feet.
The fiscal policies Of thu
present administration, will
three straight deficits totallinl
S22 billion, pose a dangeroui
| threat to the continued
strength and growth of oul
economy.
/ @. What is your position ~
! farm price supports?
! Goldwater-The 80 per cen
of our agriculture now unde
the Presidents support pro
gram should be slowly with
drawn from it, so that at tn
end of a reasonable period o
time the law of supply and de
mand will determine the price
the farmers receive.
Rockefeller - Our present
system of price support doe
not help the farmers who nee,
help most, and costs the tax
payers huge amounts of money
The bulk of the payments to-
lgether with the rigid controls