Business & Finance: More Social Security


Eric A. Johnston, president of the U.S. Chamber of Commerce, Traveling Salesman No. 1 of U.S. business, paused in Chicago last week to tell industry to get busy on the social security law.

Spokesman Johnston prodded business to give practical guidance to developing the social security program, and made a special plea for a 50-50 employer-employe sharing of the burden. He cited the fact that the employer currently pays a 4% tax on his payroll towards social security costs, in contrast to a 1% employe contribution. Including workmen's compensation, the employer now pays...

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