U.S. ANTI-INFLATION BILL
WASHINGTON, Sept. 23. Tho farm bloc won a major victory over the Administration when the House of Representatives amended the anti-inflation measure and included a requirement that all farm labour costs be computed in agricultural parity prices, thereby permitting higher farm prices and ceilings. The ITouso yielded to overwhelming farm bloc pressure, in spite of a warning by the Democratic leader, Mr McCormack, that President Roosevelt would veto the measure. The effect of tho House’s amendment would be a rise in the parity base of 12 per cent, above the present level. CONGRESS CRITICISED. The New York Times, in a leader, states: “Congress deliberately chose to pervert a measure intended .to control inflation into one promoting price advance. Under the limelight of intense national attention Congress has let the President down and let the country down. If it persists in this course President Roosevelt can do only one tiling—veto the Bill.”
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Manawatu Standard, Volume LXII, Issue 254, 25 September 1942, Page 5
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154U.S. ANTI-INFLATION BILL Manawatu Standard, Volume LXII, Issue 254, 25 September 1942, Page 5
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