Word: leaching
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...Republican James Leach drove out into the cornfields in his district in southeastern Iowa. He stopped at the home of Merle Glenney, who coaxed the Congressman into a pickup truck for a tour of his farm. Glenney urged Leach to seek lower inheritance taxes on farms that pass from one generation to another. He said the price of land is so high (up to $3,000 per acre in this area) that young farmers can rarely buy a farm and those who inherit one, as his son Dwight will one day, are hurt by heavy taxes...
Getting out of the truck, Glenney led Leach into a barn. The farmer pointed to a battered 1955 International Harvester tractor. "See this tractor," he said. "I bought that for $3,600 when corn was selling for $3 a bushel. Now this here new one," he said, indicating a bright green and yellow John Deere, "costs $30,000, and I bought that on $2 corn. That's what I mean by the squeeze." Leach was duly impressed. "I'm glad to get some of these things off my chest," Glenney said...
...Leach's shoes still bore dirt from Glenney's fields, when, wearing a blue suit and yellow shirt, he faced some 30 people seated on yellow plastic chairs in a bank basement in tiny Columbus Junction. Complained one farmer: "Everything that comes out of Washington these days violates the American free-enterprise system." The farmer said the problem could partly be countered by abolishing the income tax on corporations...
...sophomore Republican Congressman from Iowa hog-tied Congress into passing two amendments to the Civil Service Reform Act, reducing Government employees by 29,000 and thereby bringing bureaucracy to a grinding halt. There should be more legislators like James Leach...
...cast the first vote for U.S. Congressman James Leach for President...