OCR Text |
Show Tax Cut And Davis Ave. Tax 1981 Median Without With Tax Re- Tax Fof. Counties Family Income Tax Reduction Reduction due- e Co- tion duc" unlv Per Household tlon y Davis $20,417 $8,956 $8,184.75 $771.25 $32,057,777 The headlines are filled these days with claims and stories about who will be "harmed" by President Reagan's proposed economic package. It's time to take a look at who will be "helped." TAKE PRESIDENT Reagan's tax cut for example. Under this 3-year, 25 percent across-the-board tax cut, individuals indi-viduals in Utah will receive a massive $348,000,000 tax break. For the average Utah household of 3.5, this means a tax break of $764. These 348 million dollars will not go back to Washington. Washing-ton. D.C., but will stay in Utah where they will provide a welcome wel-come lift to the local economy. More money in the people's pockets means more money for things like savings, investments invest-ments and mortgages. PRESIDENT Reagan's plan will be good for the long term economy. Since expectations play an important role in long term financial planning by both individuals and business, it is crucial that there be a multi-year multi-year tax cut. A multi-year tax cut will restore confidence in the economy by breaking the cycle of "negative expectations." expecta-tions." In addition, locking into a three-year tax cut will deter increases in federal spending. House Speaker Tip O'Neill doesn't seem to have the same enthusiasm for President Reagan's tax cuts as I do. He says that Reagan's tax cut will only help the rich. He asserts that Reagan is "insensitive" to the plight of the poor and working class. In President Reagan'sJune 16 press conference confer-ence he answered O'Neill's charges and called them "sheer demogguery" and pointed out that although he hadn't lived on the other side of the tracks, he lived so close to them that he could hear the train whistle loud enough. Reagan rejected the idea that he didn't understand the poor and recalled his boyhood of poverty. REAGAN accurately described de-scribed how the vast portion of his tax cut is going to the middle mid-dle class. He said that those paying between $10,000 and $60,000 are paying 71 percent of all federal income tax and that this group will receive 73 percent of his across-the-board tax cut. I'm hopeful that a majority of Congressmen will ignore the Speaker's misleading comments com-ments and will vote with the President on his tax cuts. In the end. passage of President Reagan's economic package will give Americans greater incentives in-centives to work, produce and save. IN UTAH, as everywhere else in the nation this tax cut will take money out of the unproductive un-productive public sector and place it in the productive private pri-vate sector. To those who don't think the President's cuts w ill work . 1 tell them to go ask any realtor, merchant or banker in Utah if an influx of $348 million won't help them. ' L:K&i rvs -i Ik ' SOCCER WINNERS The Cougars from Centerville won first place in C2 division in the South Davis Soccer League, winning 9 of 10 games in the spring league. They scored 39 goals to their opponents 9. Members include front I to r, Ron Manwaring. Brian Andcrton. Ricky Mclntire, Kyle Brown. Quinn Carmack. Chris Hayes. Back. Bart Green, Danny Judd, Craig Worsley, Cory Sorenson, Jason Mudrow, David Lauder, J. D. Stacey, Jeff Smith, Darren Parker. Coach. DaVon Lauder. Not present, pre-sent, Jason Heaps. |