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Show Thursday, October 15, 1981 - Page B--2 The People Behind ft Utah Senator Writes J. Reagan Program Won't Help the Country Overnight 5 J J f J J ByORRIN HATCH There is a simple, tangible result to the summer-lon- g struggle that was fought over President Reagan's proposal to cut tax rates by 23 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 approved by Congress, will be pleasantly noticed this week by every American who holds a job. , Our paychecks will be bigger. ; Bigger paychecks - even if they're "increased by only several dollars will make or break the theory of tsupply-sid- e economists who think that Iwith extra money, Americans will not ;just spend more that would be in-- t flationary, they maintain - but would save or invest more, thus providing .'the capital industry and business Tneeds to expand and revitalize. i I've supported supply-sid- e economics since it was introduced as bill in 1978, and I the Kemp-Rot- h .believe it will work. It worked in Japan - industry there has the capital to modernize because the Japanese save their earnings at a rate of 25 percent. Here in America, workers save only four percent of what they . .earn. to the economy's side" - is the point of the 5 ; "Supply g 'President's economics push, but no matter how successful the President ff:has - been in getting his program jj through Congress, people need to realize that it's not going to change things overnight. f "It's not something that is intended S.to transform the nature of the 2 1 economy in the next 24 hours," said White House spokesman David Gergen. "It's laying the foundation for gradual progress more than anything else." I ; Still, I and most supply-sider- s 5- Improving the private industry Advertising Sales RANDALL WRIGHT Managing Editor "3 Your Newspaper M Hi' CARLHAUPT Sports Editor . PAULA PETERSON Typesetter If) 1 Wist) JEAN GORDON American Fork Editor two-third- -- I Production Mgr. Ad Layout Aw: JESSE SPAFFORD Advertising Sales Manager BRETT BEZZANT Publisher General Manager take-hom- - J JEFFARNETT A know are optimistic. Given time, the President's economic program has all the elements to restore strength to the nation's economy. An informal survey taken among randomly-selecte- d people from across the state confirms my optimism. Asked what he'd do with any ine creases in his pay, Toole's Richard Filippe answered simply. "Save it," he said. Mrs. Kay McKendrick, also of Tooele, agreed. With three young sons to raise, she said she's have no problem spending any extra money, but still more of her family's money would probably find its way into savings. "We set a certain amount of money aside to put into savings, and I believe we would probably save more," she said. s of those conRoughly tacted said they'd be apt to save or invest any increase they see in their wages. Obviously, several more dollars a week in savings or investment is not going to immediately bolster the American economy. But it adds up. A family of four earning $30,000 a year will save $57 in 1981, hardly enough to set the hearts of business or industry thumping. But it gets better as it goes. In 1982 they'll save $526, $1,058 in 1983 and $1,389 in 1984. If each American family could save half of the $3,030 they'll get in tax cuts between now and 1984, in addition to", what they're saving anyway, .we're talking real money, which can be loaned out to do a lot of good. Even more popular than plans for increased savings is the principle behind the President's program, the idea that American should keep more of what they earn to save or invest as they see fit. "They work for it," said Mrs. McKendrick. "They should keep it." According to the survey, most of Utah agrees. -- t I.. MONT CALL flow of capital - LUJEAN HULLINGER Typesetter BETTY FOWLER Lehi Editor KAREN GREENING Typesetter wage-earne- CD - "I VELOUR 3 FLEECE ROBES it's something to celebrate! JAY STODDARD Typesetter V sv i Your newspaper...a source of ' Oil news, your marketplace for in-dep- th MARCELLA WALKER PI. Grove Editor alerting you to what's available, at easily comparable prices .a means of effective advertising that helps stimulate the economy, circulating the dollars; and, of course Your newspaper is...your eyes and your ears to what's happening down the street, across the land, and on a different continent! As friend, community booster and mutual-intereassociate in the private sector and in government too, your newspaper knows its importance and understands its responsibilities. Being your newspaper is being all these things to you. ..and we're proud of the chance and the honor. st I 18.88 reg. 23.99 sizes s-- NATIONAL NEWSPAPER WEEK -OCTOBER 11-1- 7 PAT HANSEN 1 Bookkeeper Coat or zippered step-i- n robes, beautifully detailed with lace smocking or fine ribbon trim. Deep, rich colors in washable acetate-nylo- n. 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