The vote of 17 to 7 by the committee in nailing the quota program into the national security clause upon which the oil import program is based indicates to me that the committee members are more concerned or. at least. better informed about the effects of imports than are some administration spokesmen. If a serious natural gas or heating oil shortage develops this winter. it will be the oil and gas companies who will get the blame rather than the Government policies that have been the real cause. Those who say that the very reasonable quota legislation proposed by the Ways and Means Committee will result in higher prices. fewer product choices. reduced competition and a limited supply of imported products apparently have not studied the effects of quota laws or agreements that now apply to a wide range of products. These include. in addition to oil. sugar. cotton and cotton textiles. wheat and dairy products. The prices of products that are "protected" by import quotashave risen at rates below average increases and far behind prices on some products not under import quota limitation.
Keywords matched
quota law