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Business and Farm Chiefs Laud Ike Policy with Caveats
NAM president Henry G. Riter II praised the presidents economic philosophy as sound but pressed for corporate tax cuts to combat stagnation. Emerson P. Schmidt of the Chamber of Commerce endorsed the overall plan while criticizing housing minimum wage and some other proposals. Charles B. Shuman of the Farm Bureau backed the general philosophy yet opposed raising the minimum wage and expanding highway spending. The Senate House Economic Committee heard from labor and business groups as it studies Eisenhower's economic message, with optimism about growth and recovery cited by Riter and Schmidt. Shuman noted farm over expansion and urged expanding foreign markets while opposing unemployment insurance and social security expansion.
MENTIONED IN THIS ARTICLE
Washington P
Eisenhower
Henry G. Riter II
National Assn. of
Manufacturers
Senate
House Economic Committee
NAM
Congress
Riter
Emerson P. Schmidt
U. S. Chamber of Commerce
Schmidt
Charles B. Shuman
American Farm Bureau Federation
Phy
Shuman
Schoman
Hisenhower