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Show July 1, 1982 - The Springville Herald - Page Three INTERVIEWS WITH THE CANDIDATES FOR U.S. SENATOR Orrin Hatch Ted IVifson Teollowing are interviews of Ted 'A! I Wilson, candidate for U.S. Senate and . I Salt Lake City Mayor, and Orrin Hatch, . j. I U.S. Senator representing Utah, con- .f i. aucuq dv Koaa u. waener. SDrineville Herald Editor. Due to a burglary at the offices of this newspaper, the , latter half of Mr. Wilson's comments were lost before being transcribed. Mr, Wilson was not available again before press time, and so in .the interest of fairness, the latter half of the interview with Mr. Hatch will be held until next week, when it will be printed beside Mr. Wilson's com- ments. . Wagner: What do you feel the key issued of the upcoming campaign will be ? those which really matter at the polls?. Hatch: I think the key issue is going to be. who is going to support getting this country back on its feet in the best sense of that term. Are we going to be a detractor of what President Reagan is trying to do or are we going to be a supporter? Because it's apparent that we have to get spending under control. We just cannot keep having these liberal spending programs running out of control. What President Reagan has done primarily is try to slow spending. He really isn't cutting out spending very much: He's not cutting programs; he's trying to slow the rate of growth so the economy can catch up with the monumentally ' large spending programs of the Congress. We've had almost 50 years of liberal Democratic control in the Congress. I'm back there fighting for fiscal conservatism. My committee cut one-quarter one-quarter of the total budget cuts for fiscal 81, 2, 3, and 4. That would not have occurred if I were not in the Senate. So I think the issue is: Are we going to support President Reagan, or are we going to detract. Wagner: Some people have said that Reaganomics has, for the most part, failed. How would you react to that? Hatch: Well, the only people who say that are the very same Democrats who delayed the effective operation of Reaganomics, and who also want Reaganomics to fail, because they're afraid Reaganomics will succeed. For instance, they deferred the first 10 percent tax cut from January first, 1981K to October first, 1981 and then cut If $ a iasldn-Robbins Happy Birthday fJalebrafiori Come end dunk your favorite employee at our dunking machine Friday end Saturday 31-derful Flavors Step right up and celebrate with our Baskin-Robbins Ice Cream Store For over 31 years we've been known as the ice cream flavor specialist, presenting a selection of 31 flavors from our more than 500 creations, each and every month. Get Acquainted Specials Hurry! Hurry! Specials! Gifts! At this store only. Don't miss the fun! BASKIN-ROBBINS (M) ICE CREAM THURSDAY-FRIDAY-SATURDAY July 1-2-3 11 ija. 10 pjn. it in half and made it a five percent. So the stimulative effect for all of '81 wasn't there. In essence you had a one-and-a-quarter percent tax cut with tax increases well over seven percent. So Reaganomics has not had a chance to work. These very same people deferred the second 10 percent tax cut from January first, 1982, to July first, 1982. And so for another week, we won't even have the second tax cut, because they didn't want Reagonomics to work. These very same people have said publicly that they do not want Reagonomics to work, and they're doing everything they can to delay its effective date so it won't work, so that they can claim that Reagonomics doesn't work. Even with this 10 percent tax cut on July first of this year, we'll only get the American taxpayer almost even with tax increases. It won't be until the third tax cut of 10 percent on July first of '82 where the American taxpayers -whether they're workers at Geneva Steel or at Kennecott or at BYU or at the Springville library - they're not going to get the benefits of those tax cuts from a productive, on-top-of-it standpoint until well into 1983. So the very people who are complaining com-plaining the most have been the very people who have done everything they can to cripple the recovery programs of the president. And I think a large share of the blame should go to them, because they're the people who have almost spent us blind and into bankruptcy over the last 50 years - 45 of which they have failed to balance the budget of this country. Wagner: Aside from the economy and crime, what specific concerns do you have for central Utah and Utah County? Hatch : One major concern is Geneva Steel. And I have worked on that ever since I was elected. I was in the U.S. Steel corporate offices in Pittsburgh in 1977, right after I was elected, even before people thought there might be a closure. I met with the chairman of the board Ed Speir. At that time he promised me that he woujd do everything in his power to keep that open, because I felt they should; they had access to raw materials, they had a good work force and that they were essential for the steel industry in the west. I went Fantastic Fountain Treats Discover the fun of sundaes, shakes and scrumptious fountain treats made with your choice of flavors. See Our Celebration Center Our party case is full of mouth-watering ice cream desserts, pies, cakes, cake rolls and more, all mal- rpr,h right here in our, store. Com ie and meet ear Baskia-RobbiM ianily m4 say HI t ocky and Rhod, ear R Cloimw. ' Banana XV ft Qytn. MM .Hand Puppets fl rcifc $ 29 ill M FrUbe0 jf "'y' through all the arguments and he accepted ac-cepted them, i I think that went a long distance toward helping to solve the problem. Everyone in the delegation worked very hard on that problem, so nobody deserves any sole credit, but I was working on that before the issue even arose. I'm concerned about jobs and about the unfair competition - foreign governement - subsidized dumping of cheap steel. I'm a very active member of the steel caucas back there. I was one of the strongest supporters of the antidumping anti-dumping suit there. I might add that I work very hard on the environmental problems, working not only here, but in the region ofice in Denver and (in Washington). The second concern is the Central Utah Project and the various concerns you have on the project. The third concern - and this isn't necessarily in order of priority - happens hap-pens to be the farm problems. The farmer has been one of the most valiant, strong members of our society, one of the least complaining members of our society, and yet the farmer is afflicted with all kinds of unfair trade practices, and I think has been hurt more by the escalating inflation that was occurring before President Reagan iicame inv And now the high interest rates were higher when Reagan came in, but still they're too high. Fourthly, I've been very concerned about educational programs. As chairman of labor and human resources committee, I oversee all federal education programs in this country. We've done an awful lot to try and keep the education program strong. Overriding all those issues is, of course, my desire to get this economy back on its feet and strengthen this country. Be noble thought And deed! in in every every Longfellow A little nonesense now and then Is relished by the wisest men. Anonymous 20 STORE 1090 North Main Spanish Fork 798-3100 Wilson: Could I just start out with a few comments? Wagner: Sure, go ahead. Wilson: I think the major concern I have after reviewing Utah County statistics is the unemployment in this county. It's skyrocketed. This country has gone from about 4.8 percent in 1980 to 8.6 percent today. Of all the major ur,ban counties in the state, this county has the highest unemployment by far. The state is at 8 percent, so you're .6 percent above the state. Utah County historically has run about half a percentage per-centage point below the rest of the state, and all of a sudden in this last surge of unemployment, you have come from .5 percent below to .5 percent above. And the reason for that is because you have a much larger sector of your economy in this county depending on heavy manufacturing -which would be steel and the fabrication plants that are aligned with the steel industry, and also construction. con-struction. Since this county has grown more than any other county in the state, population wise, in the last four or five years, the cutback in the construction industry has also cut deeper here than it would in other counties. Part of that, I think, is due to the fact that trickle-down economics is not working. The average Utah family-making family-making $23,000 a year - is paying more taxes, not less, as a result of these tax cuts. Most of the wealth is being transferred tran-sferred to people who make over $50,000 per year. For example, if you make the state average of $23,000 per year, you pay $250 more over the three years of the three-year tax cut. And if you make over $200,000 if you're fairly wealthy, in other words - you're paying $58,000 less. So that transfer of wealth is adding to the deficits of the economy. And the deficits are therefore being paid for, in my estimation, by the average family A new sign ot quality. mm buys for the 4 3 DAYS ONLY JULY 1, 2, 3 ' C :; ' ii J OFF ON THE LARGEST SELECTION OF PATIO FURNITURE IN UTAH -" . .., ..' - 1 , , ", lt. , 1 ...... - . , .. ; v ' r FORMERLY KOOL BREEZE ALUM PRODUCTS OVER 30 YEARS EXPERIENCE EXTERIOR IMPROVEMENT 1.000 SO. STATE o OREM through unemployment and through higher interest rates. Geneva has laid off 1,500 workers now out of a total workforce of about 4,900 workers in the last six months. That is one of the major reasons the unemployment unem-ployment rate has gone up so much. I think, first of all, the department of commerce has to do a better job, although it has started, in limiting imports from nations that are violating the General Agreement on Tarriffs and Trade. This would include Japan, Germany, Belgium and to some degree, France. (They) are violating that because they have subsided their steel industries. in-dustries. So as a result they are exporting ex-porting their unemployment to the United States. Two major concerns off that: If we don't keep our steel industry strong -and the U.S. steel industry is operating now at about 38 percent of capacity - it's going to have a very definite effect on our national security, because steel is basic to national defense. And the U.S. government needs to start targeting the steel industry among other critical depressed industries. They need to start targeting investments in-vestments and accelerated depreciation writeoffs so they can afford to retool those industries. Even if we could get a total embargo on foreign steel, it would only reemploy the American steel industry up to 51 percent of its capacity. The area that this county is really hurting is the construction area. I'm hoping the president will not veto the bill which just went through to subsidize sub-sidize interest mortgage payments, because it would provide a four percent subsidy on interest mortgage rates, which would bring interest rates down to 12-and-a-half, 13 percent, which I think would free up alot of people now to buy homes. Wagner: Can outside countries be Rome front EXTERIOR IMPROVEMENT CENTERS 1 I lhwni.fi aV.r tj.mjir r .,' if-i' y I ... .mug - IS) it IIIIIJ- blamed entirely for the steel industry's problems? Haven't union demands and the fallback on American industry been partly to blame? Wilson: Sure. You've got to look at the high labor costs that are associated with it, and you've also got to look at the lack of investment. But this is where I get back to trickle-down trickle-down economics. Trickle-down economics, which started last October, was supposed to increase investment, not reduce it. Yet investment has gone down in that time almost three percent. The gross national product's real growth has gone down 1.6 percent. So it's not working. What I think we ought to do is keep the tax cuts, but reconfigure them so they come in on the demand side, so the average family gets a tax cut. Then you'd see a buying of products - autos, homes and that would stimulate the economy. But the way it's been figured right now, it's not going to work. Wagner: On the budget that was just passed with an over-$100 billion deficit : how do you balance something like that? Wilson : I would have almost voted for that, except I wouldn't have because of a couple of problems. One is they should have totally eliminated the '83 tax cuts. They should have kept the '82 (cuts). If they would have eliminated the '83 tax cuts which is just a transfer of wealth to wealthy - they could have come in under $100 billion, which I think is very important for the psychology of the money markets. The other thing they should have done besides eliminate the '83 tax cut, which doesn't go to the average family 'anyway, is reconfigure the '82 tax cut so that the average family gets a tax cut. Thus, that would stimulate demand and pull the economy, because it's not working to push it the way they're trying to push it right now. SEE THESE PRODUCTS m our snovmoor.) Patio Covers TM Garden Walls & Windows Thermo-Break Replacement Replace-ment Windows Patio Enclosures Designer Storm Doors Carport Covers Aluminum Siding and Trim Window Awnings EXCLUSIVE DEALERS FOR HOME PATIO COVERS AND TEAAP-TROL CEILING QMT CENTERS 225-5552 lMaa)ping IMMtl '- mVM " J VT r ig.ii-y.ixt irnrr ni mi |