Industry opposes economic planning bill

Abstract

Two weeks from now the Congressional Joint Economic Committee will hold two days of hearings on an innocuous sounding bill called the Balanced Growth & Economic Planning Act of 1975. Innocuous though it may sound, the bill (S. 1795) ignited a controversy when it was introduced earlier this year by two of the most formidable members of the Senate, Sen. Hubert H. Humphrey (D.-Minn.) and Sen. Jacob K. Javits.(R.-N.Y.). The controversy has died down since then, but it is certain to be re-ignited at the economic committee hearings. And it probably will erupt into a flaming debate if the Senate Government Operations Committee schedules hearings on the bill before year's end. The Government Operations Committee, not the Joint Economic Committee, has legislative jurisdiction over the bill. Calling the issue a debate is no exaggeration. The week after the economic committee hearings, the Institute for Interindustry Data and the New York District Office of the Department ...