Tax Relief Is the No. 1 Need

THE backbone of the U.S. economy is made up of small businesses—they account for some 4,000,000 of the 4,250,000 U.S. firms-Yet small business is in deep trouble. While big businesses are getting bigger and taking a fatter share of the market, small companies are shackled in their attempts to grow by heavy—and often discriminating—taxes. Wrote Florida's Democratic Senator George Smathers to President Eisenhower last week, inp eading for the creation of a Cabinet-ranking Secretary of Small Business: "Every single barometer indicates a general worsening of conditions for smaller firms. Time is running out for the...

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