e This "bullet" symbol identifies statements or insertions which are not spoken by the Member on the floor. September 11,., 1983 EXTENSIONS OF REMARKS 24225 and by various sized organized military portation system. This involved the dyna which exceeded 500 hectares. In most cases units. To make this assumption is to ignore miting, machinegunning, setting on fire of owners were not allowed to remove any of the realities of guerrilla war which in fact buses, private cars, farm workers transpor their personal possessions including clothes, has the enemy operating in every part of tation, railroad cars, trucks and commercial books, furniture and all private property in the country, in the cities, and infiltrating vehicles. There were 17 attacks against their living quarters. This included automo every sector of government and the econo- bridges, roads, railroad bridges and railroad biles and private aircraft, with limited ex my. . lines. The government suffered 83 attacks ceptions. Though the owners were by law Discussions with key government officials by fire, machinegunning and dynamite di authorized to retain 100 hectares for their confirms their desire to eliminate human rected against offices, court houses, schools own development that authority has only rights abuses. They recognize the impor and the judiciary system. There were 975 recently come into play. The owner does not tance of continued public support by Salva vehicle thefts during this sixth month select the 10 hectares as the government doran citizens evidenced by the over 80 per period. There were 25 attacks against the makes this decision often resulting in the cent of the electorate participation in the agricultural activities involving damage to owner being granted the least productive March 28, 1982, elections. They do not want fields of sugar cane, cotton and coffee. El and fertile property. In most cases the pri to alienate that support. Additionally they Salvador's economy depends on the export vate owners have had no access to their pri are fully aware of the importance of inter of these three crops which are directly af vate homes on the expropriated property. national acceptance of their government fected as well by power outages, vehicle de In order to understand the impact and sig and the importance of continued United struction, road and railroad outs as well as nificance of Phase I of the agrarian reform States support, economic and military, to telephone outages. . . . one should study the report, "Agrarian ensure their survival. The Amnesty Board Reform In El Salvador," by Checchi and An analysis of the 137 kidnappings by de The Amnesty Board has been created to Company, 1730 Rhode Island Ave., N.W., partments 11-059 Q-87-47 (Pt. 17) 24238 EXTENSIONS OF REMARKS September 14, 1983 the country's laissez-faire policies on taxes, What causes the high savings rate? Here gall Act, prohibits banks from owning stock. antitrust, banking, and labor. Japan teaches again, culture is partly responsible. But so is Banks own much of the stock in Japanese a lesson not about the value of economic the design of the tax system. Since the early companies, and many bank officers sit on planning, but about the vitality of the free 1950s, savers in Japan have been allowed to company boards. This, according to William market. exempt large amounts of interest income Ouchi, author of "Theory z: How American American businessmen may believe that from taxation. In 1981, for example, a tax Business Can Meet the Japanese Chal Japan's government was responsible for the payer who saved part of his wages through lenge," is a better discipline on managers Japanese steel industry's growth. In fact, ac an employer-run savings plan paid no taxes cording to the U.S. Federal Trade Commis on interest on the first $22,600. Also, inter than a takeover threat. Professor Ouchi sion, the subsidy to Japanese steelmakers est on the first $13,600 in a postal savings claims that Japanese bankers providing cap averaged a paltry 46 cents per metric ton account-in Japan the post office offers a ital to companies are often intimately famil from 1951 to 1975. limited range of financial services-is tax iar with the companies and thus have the The U.S. semiconductor industry credits free. Those without qualms about lawbreak knowledge and power to replace managers central planning for Japan's recent strides ing could theoretically hold one such ac who fail to seek the long-run profitability in producing 64K RAM computer memory count at each post office-there are more that is in the banks' interest. Moreover, chips. But an industry trade association re than 20,000-because postal savings officials banks in Japan, able to take equity positions cently reported that Japan's fastest-growing tolerate multiple accounts. In fact, accord in companies, are a source of venture cap 64K producer, Oki Electric, was not part of ing to a study by the Hudson Institute, a ital. MITI's R&D project. Moreover, Oki was the think tank founded by the late Herman A further advantage of allowing banks to first Japanese manufacturer to test the Kahn, there are twice as many postal sav own stock is that a bank confident of a com state-of-the-art 256K chip. ings accounts in Japan as there are people. pany's future can back it when creditors get Central planning, according to Philip Tre Other features of the Japanese tax system scared. Later, if the company performs well, zise, a Japan expert at the Brookings Insti encourage growth. The maximum tax rate the bank profits from its equity position. tution, simply isn't as important in Japan as on dividends is 35 percent, vs. 50 percent in That happened in the case of Toyo Kogyo, Western observers think. MITI sets growth the U.S. Capital gains from the sale of secu targets, advises firms how to reach them, rities are untaxed. Low inheritance and gift the Japanese company that makes Mazda and lobbies for its policy views within the taxes allow wealthy Japanese to transfer autos. When the 1974 oil price increase government; its direct power to allocate re most of their wealth to their heirs. In 1970, made its fuel-inefficient Wankel engine un sources is small. The Japanese central gov for example, the inheritance tax rate on es competitive, Toyo Kogyo almost went ernment does invest heavily in local govern tates valued at over 100 million yen LEWIS LAUDS OPTIMISM OF d. Less unemployment...... 23 Less Same FLORIDA 12TH DISTRICT RESI e. Balanced budget ...... 23 1 24 15 61 DENTS ~~t~::e=~~~~~~:···················· < > t ~~r":::ier ::::::::::::::::::::::::::::::::::::::::::::: 41 16 43 Which of the following should Congress I. Highway construction and improvement...... 40 11 49 HON. TOM LEWIS do: OF FLORIDA a. Continue to support President • Reagan's economic program ...... 49 LET'S GET ON WITH SYNFUELS IN THE HOUSE OF REPRESENTATIVES b. Make slight adjustments in the Wednesday, September 14, 1983 President's economic program...... 24 c. Make significant adjustments in HON. JOHN MURTHA e Mr. LEWIS of Florida. Mr. Speaker, President's program ...... 16 OF PENNSYI. VANIA the optimistic and wide-ranging re d. Abandon the President's pro IN THE HOUSE OF REPRESENTATIVES sponses of 30,542 residents in the 12th gram because it has not worked ... 11 Wednesday, September 14, 1983 District of Florida to my 1983 congres Two years from now, do you expect to be: sional questionnaire were very enlight a. Better off...... 43 e Mr. MURTHA. Mr. Speaker, I wish ening. b. Worse off...... 18 to insert into the RECORD an editorial I was overwhelmed by the optimistic c. About the same...... 39 from the Washington Post well outlin and thoughtful expressions of so many Which of the following do you think will ing the need to continue strong sup people in the 12th District. It was en be our nation's biggest economic problems a port for the Synthetic Fuels Corpora couraging to read response after re year from now: tion. sponse reflecting a firm belief that a. High interest rates ...... 19 America needs to use this interim of economic recovery is in sight and that b. Unemployment ...... 44 energy peace to build our own re- positive approaches, such as prudent c. Inflation ...... 26 sources and supplies to survive the government spending policies, should d. Other
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