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Show Albs fflMBfipOrt by Senator arm rttch Asked what he'd do with any increases in his take-home take-home pay, Tooele's Richard Filippe answered simply "Save it," he said. Mrs. Kay McKendrlck, also of Tooele, agreed. With three young sons to raise, she said she'd have no problems spending any extra money, but still, more of her family money would probably find its way into savings. "We set a certain amount of money aside to put into savings, sav-ings, and I believe we would probably save more," she said. According to the survey, most of Utah agrees. ident has been in getting his program through Congress people need to realize that it's not going to change things overnight. "It's not something that is intended to transform the nature of the economy in the next 24 hours. " said White House spokesman David Gergen. "It's laying the foundation for gradual progress pro-gress more than anything else." There is a simple, tangible result to the summer-long struggle that was fought over President Reagan's proposal to cut tax rates by 25 percent over three years. That result after the tax cut was pushed by the President, ridiculed by Tip O'Neill, discussed-by people everywhere and finally fin-ally approved by Congress, will be pleasantly noticed this week by every American who holds a job. Our paychecks will be bigger. big-ger. Bigger paychecks even if they're increased by only several dollars- will make or break the theory of supply side economists who thank that with extra money, Americans will not just spend morethat would be inflationary, they maintain, but would save or invest more, thus providing the capital Industry and business needs to expand and revitalize. revit-alize. I've supported supply-side economics since It was Introduced In-troduced as the Kemproth bill in 1978, and I believe it will work. It worked In Japan industry there has the capital to modernize because be-cause the Japanese save their earnings at a rate of 25 percent. Here InAmerica workers save only 4 percent of what they earn. Improving the flow of capital cap-ital to private industry --the economy's supply side Is the point of the President's economic push, but no matter how successful the Pres- |