Letters from the City Charter Commission (Andrew T. F. Ing & Kay Jones)
Charter Wrap Up (or at least a pause) (Dee Lum)
Letters to the Editor (Judy Blatchford & Mable Keesling)
Garbage Bag - Taxes favor virgin materials
How Does Foreign Trade Affect You?
Population Growth Report to be Televised (Gretel McLane)
Foreign Trade Page
State and Local Program 1973-74
Taxes favor virgin materials
Capital gains treatment for profits, depreciation schedules, depletion allowances, and other tax write-offs for extractive industries encourage use of virgin material. A staff study for the Joint Economic Committee places the growth budgetary costs of federal tax subsidies for nation resources at 1.45 billion dollars in 1971… The study says, "the subsidies to timber, oil and other minerals appear to provide incentives to use these resources in greater amounts and instead of other alternatives". When the nation was young, exploiting its natural resources seemed necessary and wise, something to be encouraged. Now this policy seems less wise, It puts recyclable material at an economic disadvantage through a federal tax structure that helps keep the price of primary products low. Walter W. Heller, former chairman of the Council of Economic Advisors, put it this way, "To continue stimulating the overexploitation of oil, coal, timber and every mineral from iron to vermiculite and spodumene by big tax subsidies in the form of excessive depletion allowances, capital gains shelter, and special deductions, becomes ever more anomalous. Here is another case where the believers in the market pricing system ought to live by it."
Judy Blatchford attended a joint Environmental Protection Agency-LWV seminar on solid waste in Virginia in October, She reports that it was most instructive in terms of political reality,
Solid waste is or only growing national resource.
Citizen "recycling centers" do
not constitute recycling. They are simply collection centers. Recycling does not take place until the material collected is
used, usually in some manufacturing process.
|November 1972||Top Home Newsletters||January 1973|