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Reform Needed to End REA Co op Subsidies and Tax Bias
The piece argues that U S government subsidies to REA rural electric cooperatives cost taxpayers about 57 million annually as of mid-1962, due to below market loans. It calls for eliminating 2 percent rates, shifting financing to private sources, and repealing tax exemptions to place REA on a self sustaining, comparable footing with private utilities. It cites Kennedy era policy debates and quotes Gene Smith of the New York Times and W W Lynch of the Edison Electric Institute.
MENTIONED IN THIS ARTICLE
REA
Faa
Treasury
Eocitizen
Gene Smith
The
New York Times
W. W. Lynch
Edison Electric Institute
Kennedy
Lynch
Snake River
Columbia
Rof S
Ralph Yarborough