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Potato Chip Institute, San Francisco, CA, January 29, 1973
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Potato Chip Institute, San Francisco, CA, January 29, 1973
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The original documents are located in Box D34, folder "Potato Chip Institute, San
Francisco, CA, January 29, 1973" of the Ford Congressional Papers: Press Secretary and
Speech File at the Gerald R. Ford Presidential Library.
Copyright Notice
The copyright law of the United States (Title 17, United States Code) governs the making of
photocopies or other reproductions of copyrighted material. The Council donated to the United
States of America his copyrights in all of his unpublished writings in National Archives collections.
Works prepared by U.S. Government employees as part of their official duties are in the public
domain. The copyrights to materials written by other individuals or organizations are presumed to
remain with them. If you think any of the information displayed in the PDF is subject to a valid
copyright claim, please contact the Gerald R. Ford Presidential Library.
Distribution done in California only
Maffice Copy
CONGRESSMAN
NEWS
GERALD R. FORD
HOUSE REPUBLICAN LEADER
RELEASE
Excerpts from a Speech by Rep. Gerald R. Ford at 12 noon Jan. 29, 1973, in
San Francisco, before the Potato Chip Institute.
For release at 12 noon, PST, Jan. 29, 1973
Today I would like to tell you how I view the domestic scene, particularly
the economy and the outlook for legislation in the 93rd Congress.
The economy has plenty of zip in it. Profits are good. More Americans
are working than ever before, and prospects are good for a sharp drop in unemploy-
ment.
Personal incomes are setting new records and going higher. It appears the
national income will exceed a trillion dollars by the end of this year.
Inflation continues to be a problem, but I think the President acted wisely
in moving this country to a self-administering price and wage control system. Let
noone think all the restraints have been removed. We are simply in a transition
from a system of strict controls to a position where we once again will enjoy a
free economy. I am encouraged by the President's action, and I believe it will
work. It pains me to see our free enterprise system operating under a set of
artificial governmental constraints.
Strikes could be a problem in 1973 but otherwise the business outlook is
brighter than it has been for years.
As you know, real growth in the economy topped 6 per cent last year. That
was a highly unusual rate of growth. I predict now that we will have real growth
of 5.5 per cent of better in 1973 -- a fine showing in anybody's book. The years
1972 and 1973 probably will give us more economic growth than any other two-year
period since the Korean War.
Now let me talk a bit about Congress and the outlook there.
I will begin by mentioning that there will be a continuing focus on
consumerism -- not particularly on packaging and labeling but on overall consumer
advocacy.
By that I mean the 93rd Congress probably will not enact any packaging and
labeling legislation to add to what is now on the books but is almost certain
to wind up creating a consumer protection agency.
(more)
GERALD LIBRARY
Digitized from Box D34 of the Ford Congressional Papers: Press Secretary and Speech File at the Gerald R. Ford Presidential Library
-2-
The House Government Operations Committee will be considering three bills,
primarily: H.R. 21, introduced by committee chairman Chet Holifield of California
and Rep. Frank Horton, R-N.Y.; H.R. 14, introduced by Rep. Ben Rosenthal, D-N.Y.;
and H.R. 564, cosponsored by Reps. Don Fuqua, D-Fla., and Clarence J. Brown, R-Ohio.
H.R. 21, the bill cosponsored by chairman Holifield and ranking Republican
Horton is identical with the bill that passed the House last year. The Rosenthal
bill is similar to H.R. 21 but gives the consumer agency more authority. Another
way to describe it is that it is Ralph Nader's bill. The Fuqua-Brown bill is
similar to H.R. 21 but doesn't give the consumer protection agency as much power.
It would limit the agency's authority to intervene in other agencies' actions or
to appeal a matter in court.
If I were to guess right now I would say the Holifield-Horton bill has the
inside track in the Government Operations Committee. It will probably clear the
committee and pass the House. It's possible, of course, that it will undergo
changes in the committee -- and what those changes might be I cannot predict.
If a consumer protection agency bill passes both houses and is signed by
the President, funds still will have to be appropriated for the new agency to
function.
Congress has a host of money problems.
The 93rd Congress will almost certainly see a renewal of the tug-of-war
between the President and the Democratic majority over excessive Federal spending.
Apart from that, there is much major legislation hanging over from the
92nd Congress which will get early attention in the new Congress.
I hope the wave of excitement over welfare reform has not already crested
because our welfare system is a disgrace. Prospects may be rather slim but I would
like to see welfare reform become one of the top priorities of the 93rd Congress.
There is much talk about tax reform but I do not see the 93rd Congress
doing much in that area. Congress may boost the 10 per cent minimum income tax
set four years ago and remove some of the exemptions built into the minimum income
tax at that time -- because there has been a great outcry against the wealthy whose
income is sheltered in various tax preferences. There may also be some tightening
of inheritance taxes.
I expect to see enactment of a comprehensive health insurance program -- if
not in 1973 then certainly in 1974.
There will also be a fresh push for anti-busing legislation. And I see
pension reform legislation as almost a certainty.
Despite all the predictions from Democrats of a turbulent first session,
I do not expect the 93rd Congress to be an obstructionist Congress. Considering
the size of the President's election win, it seems to be the Congress will have to
be responsive to some extent even though controlled by the opposition party.
# # #
Distribution done in California only
affice Copy
CONGRESSMAN
NEWS
GERALD R. FORD
HOUSE REPUBLICAN LEADER
RELEASE
Excerpts from a Speech by Rep. Gerald R. Ford at 12 noon Jan. 29, 1973, in
San Francisco, before the Potato Chip Institute.
For release at 12 noon, PST, Jan. 29, 1973
Today I would like to tell you how I view the domestic scene, particularly
the economy and the outlook for legislation in the 93rd Congress.
The economy has plenty of zip in it. Profits are good. More Americans
are working than ever before, and prospects are good for a sharp drop in unemploy-
ment.
Personal incomes are setting new records and going higher. It appears the
national income will exceed a trillion dollars by the end of this year.
Inflation continues to be a problem, but I think the President acted wisely
in moving this country to a self-administering price and wage control system. Let
noone think all the restraints have been removed. We are simply in a transition
from a system of strict controls to a position where we once again will enjoy a
free economy. I am encouraged by the President's action, and I believe it will
work. It pains me to see our free enterprise system operating under a set of
artificial governmental constraints.
Strikes could be a problem in 1973 but otherwise the business outlook is
brighter than it has been for years.
As you know, real growth in the economy topped 6 per cent last year. That
was a highly unusual rate of growth. I predict now that we will have real growth
of 5.5 per cent or better in 1973 -- a fine showing in anybody's book. The years
1972 and 1973 probably will give us more economic growth than any other two-year
period since the Korean War.
Now let me talk a bit about Congress and the outlook there.
I will begin by mentioning that there will be a continuing focus on
consumerism -- not particularly on packaging and labeling but on overall consumer
advocacy.
By that I mean the 93rd Congress probably will not enact any packaging and
labeling legislation to add to what is now on the books but is almost certain
to wind up creating a consumer protection agency.
(more)
GERALD LIBRARY FORD
-2-
The House Government Operations Committee will be considering three bills,
primarily: H.R. 21, introduced by committee chairman Chet Holifield of California
and Rep. Frank Horton, R-N.Y.; H.R. 14, introduced by Rep. Ben Rosenthal, D-N.Y.;
and H.R. 564, cosponsored by Reps. Don Fuqua, D-Fla., and Clarence J. Brown, R-Ohio.
H.R. 21, the bill cosponsored by chairman Holifield and ranking Republican
Horton is identical with the bill that passed the House last year. The Rosenthal
bill is similar to H.R. 21 but gives the consumer agency more authority. Another
way to describe it is that it is Ralph Nader's bill. The Fuqua-Brown bill is
similar to H.R. 21 but doesn't give the consumer protection agency as much power.
It would limit the agency's authority to intervene in other agencies' actions or
to appeal a matter in court.
If I were to guess right now I would say the Holifield-Horton bill has the
inside track in the Government Operations Committee. It will probably clear the
committee and pass the House. It's possible, of course, that it will undergo
changes in the committee -- and what those changes might be I cannot predict.
If a consumer protection agency bill passes both houses and is signed by
the President, funds still will have to be appropriated for the new agency to
function.
Congress has a host of money problems.
The 93rd Congress will almost certainly see a renewal of the tug-of-war
between the President and the Democratic majority over excessive Federal spending.
Apart from that, there is much major legislation hanging over from the
92nd Congress which will get early attention in the new Congress.
I hope the wave of excitement over welfare reform has not already crested
because our welfare system is a disgrace. Prospects may be rather slim but I would
like to see welfare reform become one of the top priorities of the 93rd Congress.
There is much talk about tax reform but I do not see the 93rd Congress
doing much in that area. Congress may boost the 10 per cent minimum income tax
set four years ago and remove some of the exemptions built into the minimum income
tax at that time -- because there has been a great outcry against the wealthy whose
income is sheltered in various tax preferences. There may also be some tightening
of inheritance taxes.
I expect to see enactment of a comprehensive health insurance program -- if
not in 1973 then certainly in 1974.
There will also be a fresh push for anti-busing legislation. And I see
pension reform legislation as almost a certainty.
Despite all the predictions from Democrats of a turbulent first session,
I do not expect the 93rd Congress to be an obstructionist Congress. Considering
the size of the President's election win, it seems to be the Congress will have to
be responsive to some extent even though controlled by the opposition party.
###