15596 CONGRESSIONAL RECORD - SENATE August 9 States, In the grade of second lieutenant, Lawrence, Wllliam G. Raley, Thomas S. John C. Goodman, O'Fallon. under the provisions of title 10, United Leonard, Allan L., III Ries, Thomas A. William M. Lee, Mount Vernon. States Code, sections 3283,· 3284, 3285, 3286, Lubavs, Konstantins Riley, Miles, Jr. 3287, 3288, and 3290: A. Robinson, Stephen M. KANSAS Andrew, Franklin H.,Murray, David B. MacMurdy, W1lliam Sandow, Dennis J. Robert W. Damme, Topeka. Jr. Skrzypek, George J. L., Jr. Sayler, John G. NEW YORK Bonine, Robert W. Starke, William R. Mallard, Ernest L., Jr. Schram, Robert E. Olive E. Westcott, Cleveland. Cunningham, Clyde R. Wilford, Dan S. Marshall, Thomas W. Slominski, Michael H. 0111, Joseph E. Wilford, Ned B. · Martin, Edward P. Smith, Jimmy T. NORTH CAROLINA McCauley, Charles L. McCoy, James B. Smith, Robert R. Bessie W. Finch, Asheboro. McDaniel, Richard A. Speake, Robert C. Thomas M. Dunn, Laurinburg. The following-named distinguished mili McDevitt, James Spirek, Dennis O. tary students for appointment in the Regu Atlas T. White, St. Pauls. McKinney, John T., Standerfer, Norman Eunice E. Ludlum, Shallotte. lar Army of the United States In the grade Jr. R. of second lieutenant, under the provisions Melsheimer, Gerald A ..Staton; James H. OKLAHOMA of title 10, United States Code, sections 3283, Jr. Sturdivant, Robert D. Dwight L. Crawford, Ames. 3284, 3285, 3286, 3287, and 3288: Miiler, Jack V. Thomas, Edward M. Mildred M. Carr, Catoosa. Alling, Edward H. Everett, John R. Mlller, Robert B. Vincent, Norman L. Frankie M. Horn, Sapulpa. Anderson, Sigurd W. Falcone, John P., Jr. Mize, William F., Jr. Welch, James R. PENNSYLVANIA Andrews, Darlington Fanning, Charles J. Moore, Bobby L. 06413356 F. Fedorochko, W111iam, Morgan, Walter E. West, Kenneth M. Harold L. Adams, Berwick. Anz,AllenG. Jr. Morrison, Kenneth H. Whipple, Wllliam B., John P. McLaughlin, Levittown. Archibald, Robert C. Fitzgerald, William R. Murray, George P. Jr. Francis C. Bordner, Kutztown. Arnold, Douglas L. Follis, Frederick L. Myers, Wayne L. Whittington, Robert David W. Mabry, Mertztown. Barnett, Ronald V. Gardner, Lloyd K. Oakley, Raymond C. D., III SOUTH CAROLINA Barylak, Bohdan A. Garnett, Thomas H., Olson, John W. Williams, Stewart D. William C. Fortner, Easley. Bates, Phillip H. Jr. Parker, Johnny D. Williamson, William Boudreaux, John S. Gilbert, Ralph W., Jr. Perry, Stephen 0., Jr. R. TEXAS Bresley, Kenneth V. Gilbert, Richard S. Peyton, Mark T. Wyatt, Robert L. John H. Lambert, Abernathy. Brown, Robert L. Gniazdowskl, Francis Pippin, Carlen Youngblood, Carroll D. Brice, Bruni. Butler, Gary W. Gordon, Richard M. Price, Thomas W. Lawrence J., Jr. Dora 0. Gilbreath, Deer Park. Byars, Joe D. Grant, W111iam M., Jr. Thomas H. Finger, D'Hanis. Channon, James B. Grasseschl, Thomas A. Harold D. Miller, Earth. Chaplin, Robert D., III Gray, Beltron E. F.dmond F. Jackson, Honey Grove. Childers, Phlllip D. Grev, Ellsworth C. CONFIRMATIONS Thomas B. Baker, Kenedy. Chirico, Carl F., Jr. Grinder, John T., Jr. Executive nominations confirmed by Lloyd J: Kuykendall, Kopper1. 05217279 Hamer, Martin E. the Senate August 3, 1962: Ruby L. Hart, Nash. Clarke, Henry L. Havener, Gary W. Jack C. Christian, Tenaha. Coburn, John G. Hess, Hunter C. AsSISTANT A'ITORNEY GENERAL Bllly D. Dockery, Trenton. Conn, Samuel H., Jr. Higgins, Paul R. Norbert A. Schlel, of California, to be an Clifford E. Cummins, Windom. Cornell, Josephs., Jr. Hildebrandt, John E. Assistant Attorney General. UTAH Crider, Stephen B. Jacquet, Richard J. POSTMASTERS Danzeiser, David A. Jeffress, Charles E. Claude E. Scovlll, Orangeville. Davies, David M. Jones, Thomas A. HAWAII WEST VIRGINIA DeGiulio, Anthony P. Jones, Wendell 0. Kenneth K. Miyahira, Kapaa. Helen M. Kessler, Benwood. Dickens, Homer Q., Jr. Joyner, James L. Edward Y. Shimabukuro, Kaunakaka1. James A. McGee, Elkins. Dopp, Daniel L. Juergens, William A. Chieko I. Shimabukuro, Papaaloa. John W. Zimmerman, Hico. Eden, Charles K. Keller, Kenneth F. A. Leo Morgan, Ronceverte. Egan, Martin D. Kerner, Richard C. ILLINOIS Ellis, James T. Knudsen, Peter K. James E. Case, Arcola. WISCONSIN Englund, Douglas M. Ladd, Richard B. William B. Karstetter, Glasford. Robert A. Ruben, Fountain City.
EXTENSIONS OF REMARKS
Tax Redaction and the Need for Redac 1963, and postponing administration re economy. People out of work are going to quests for new spending programs. continue to wonder how long they are going tion of Federal Expenditures There beit}g no objection, the state to be out of work. Businessmen are going to wonder about their business. Consumers ments were ordered to be printed in the and everyone will wonder about continued EXTENSION OF REMARKS RECORD, as follows: high prices but generally, whether our econ or INTERVIEW o:r HON. JOHN SHERMAN COOPER, omy is going to pick up or whether It's going REPuBLICAN, U.S. SJmA'l'OB FaoM KENT1J'CKY to stagnate. If it stagnates, it must go down, HON. JOHN SHERMAN COOPER BY SENATOR KENNETH B. KEATING, REPUBLI I think. OJ' KENTUCKY CAN, NEW YORK, ON TELEVISION AND RADIO Senator KEATING. How do you feel about a IN THE SENATE OF THE UNITED STATES PROGRAM "LET'S LOOK AT CONGRESS," SVN tax cut at ths time? DAY, JULY 1, 1962 Friday, August 3, 1962 Senator COOPER. KEN, this is what I be Senator KEATING. This Is Senator KEN lieve. We know there is great uncertainty Mr. COOPER. Mr. President, I ask KEATING welcoming you to another "Let's in the country today. A part of that un unanimous consent that there be printed Look at Congress" program. My guest today certainty grows out of the uncertainty of the in the CONGRESSIONAL RECORD two state is a distinguished colleague who in 1960 was administration about Its fl.seal policy. It's ments I have made concerning tax re voted by a poll of newsmen the ablest Re evident from the record that we will have duction, and the need for reduction of publican in the Senate. He is former Am had three deficits-in 1961 about $4 b111ion bassador to India and my dear friend, the ( of course, part of that might be attributed Federal expenditures in this fiscal year; Honorable JOHN SHERMAN COOPER, of Ken to the Eisenhower administration), a deficit and to postpone proposals for new spend tucky. JOHN, it's nice to have you here to in 1962 of, I think, $7 blllion, and now it's ing programs. talk to the people of New York. agreed we'll have a deficit. in 1963, unless The first statement was made on July Se.nator CooPER. KEN, I'm glad to be with something ls done, of $4 to $6 blllion. 1, in the course of the television and you. It seems to me deficit financing has failed radio program "Let's Look at Congress," Senator KEATING. You have a lot of friends as a measure to spur the· economy. If we of Senator KENNETH B. KEATING, my dis in New York? must have a deficit, it is preferable to have tinguished Republican colleague from Senator CooPER. Well, I like New York. I it come about as the result of a tax cut, New York. have friends there-yes. · · because a tax cut will stimulate the econ Senator KEATING. What do you think will omy. I believe that the Congress should The second statement was made on be the biggest campaign issue this fall? enact a tax cut this yea.r. If the admin July 9. This statement amplifies the Senator COOPER. I think the biggest cam istration doesn't propose it, I think at least necessity of reducing current appropria paign issue-the one that w1ll have more in the Republican Party ought to agree on one tions for fiscal year ending June 30, fluence than any other-is the state of the and urge it in the Finance Committee and in 1962 CON~RESSIONAL RECORD.- SENATE 15597 the Ways and Means Committee and 1! can side. But I do support the proposal for Sena.tor CooPEK. Well there'.s been a great they're not successful, at least off and on withholding o! _interest . and di~dends, be debate raised on It this year, as you know. the floor. I remember 1n 1954, and you do cause we are losing about a billion dollars a 1 don't.· think there's a decline. What I too because you were 1n the Congress, that year of unpaid taxes on dividends and in think ls happening 1s ~s. Under the ad there had been deficits !or 2 or 3 yea.rs. terest that have· been payable under . law ministration of President Eisenhower, there There was a deficit in 1954 anticipated' of since 1913. Really. I think this is where was a certain quietness on the part of a great about $4 billion and yet President Eisen businessmen could contribute something. many people. in this·country who didn't feel hower had the courage to propose a tax bill. I think instead of opposing this they should too kindly about the United Nations. I It was a tax cut o! about $7½ billion an suppor~ lt, because if they believe in fiscal think because of President Eisenhower's in nually. I assume today that it would be integrity, I do not see how they can op fluence and support, there wasn't much talk $10 or $12 billion. I think that we for pose an effort to collect a billion dollars o! about it. But I believe in the last year. with got that we've had a continuing tax sav unpaid taxes. Now that, too, woUld help certain reverses and also with dangers be ings for the people since 1954 of $8 to $12 create confidence, would help reduce these coming quite apparent-in Berlin, Laos and billion a year. Now what happened after spending proposals and expenditures; and I other places--that many people have sought the tax cut? The next year there was a think it would. help accomplish what I ha.ve to find a reason for these reverses in the slight deficit, but in the following year there been talking about-that is a tax cut, plus United Nations. I do not agree with that was a considerable surplus. You had the reduction of spending, to spur the economy. viewpoint, KEN. largest investment then, after that tax cut, senator KEATING. Recently, you criticized Senator KEATING. Do you support the ad there had been since World War II, and even what you termed the "administration's ob ministration's position on Cuba. and Laos? before World War II. I believe that if we sessive drive for power"-that is the phrase Senator COOPER. Cuba is, to me, a matter enact a tax cut this year, that it would have you used. Is President Kennedy acting any which has passed. At the tlme I felt that that same stimulating effect. differently in that regard from Roosevelt, the administration should have made a Senator KEATING. What kind of a tax cut Truman, and Eisenhower? choice. One choice would have been not did you have in mind? Senator CooPER. Someone has said that to support the invasion; but if it did support Senator COOPER. I would just say that it when one has power there is a natural ten the invasion, then I think it was bound to would have to be something on the order dency to believe that your policies. are right support it fully. But 1t did not do either. o! the one we enacted in 1954. Not the and to seek the means to achieve your ends. So that was a failure. But it's past now, same, because you had other problems then But I must say that President Eisenhower and frankly I do not see anything we can excess ~ofits and other matters. But I was very conscious of the separation of do now except to let Castro stew in his would say, to reduce the corporate tax maxi powers between the Congress and the Ex own juice. I wish we had not paid as much mum from 52 to 47 percent, and then have ecutive. I think he observed that very care attention to him-give him as much im corresponding decreases in the tax rates of fully. And President Roosevelt, on at least portance. He is not that important. He's all classifications-both the corporations and one of the most famous historical occasions, having great troubles and it's possible that to individuals. I would point out that if attempted to secure his aims by packing the he'll fail. this should be done-assuming that there Supreme Court. There was a tremendous Senator KEATING. Let me ask you a politi was a reduction o! about $8 or $9 billion outburst of resentment against it. President cal question to close the program. How do that about $2½ to $3 billion of this would Truman attempted to seize the steel indus you assess Republican prospects for next go to the corporations. The remainder try. There was an outburst against it and, November? would go to the individual income taxpayer. of course, the Supreme Court denied him Senator CooPER. I believe the Republicans I think it would give a tremendous spur to that power. will win the House and I think that we can the economy. Also, I think that it would This administration has asked, again and gain seats in the Senate. I cannot tell you have an effect upon confidence abroad and again, for the Congress to transfer to the how many, but I believe that is correct. would tend to halt the outflow of gold. But, Executive the power to write the specifics of Senator KEATING. You are a very cultivated KEN, I think it ought to be accompanied legislation. Now what does that mean? In gentleman and still they tell us you wear by reductions in spending, too. the first place, we may not do the best job red· suspende.rs when you campaign all over Senator KEATING. How would you go about always, but I see no reason to believe that Kentucky. Do you have a split personality? that? some people over in the administration are Senator CooPER. ·wen, I suppose all of us Senator COOPER. Well, that's been one o! not subject to public criticism and debate, have a split personality, in different senses. the problems up here, as you know. Some or can do any better job. I certainly Thank you for you compliment about being of us in the Congress-and I'm one of them wouldn't think so. But the basic proposi cultivated, but I come from a small town favor what are called Uberal programs. tion involved in this is that there is a means and from a country community. They still I would call them human programs. But given under the Constitution to examine, to call me JOHN and Judge. They- are fine they are based upon our ability to pay for debate, to accept, to reject, to modify any people. I don't wear suspenders, though. them. I would say that, this year, to make proposal, and it seems to me if we give that I do the same at home as I do here. But a tax cut creditable-to give confidence to up, then we have denied a very basic essen I always remember one fellow: After look the people and abroad-that the administra tial of our form of government. I am rather ing me over, after I had been up there, h,e tion should itself cut back all our programs, surprised-and it's not very good to be criti just told me flatly. He said, "JOHN, you except defense, by a reasonable amount. If cal of newspapers-but some newspapers don't impress me at all." they will not do it, then I believe that the seem to believe that just because the Presi Senator KEATING, Thank you very much Republicans in the Congress should offer dent submits a program, there's some -duty Senator JOHN COOPER, of Kentucky. amendments to every appropriation bill, on the part of the Congress to accept it other than defense. A reasonable cutback, without debate or criticism. Debate and STATEMENT OF HON. JOHN SHERMAN COOPER, o! say just 5 or 6 percent, wouldn't disturb criticism-they are in my view the distin OF KENTUCKY any agency and it would show that you guishing factor-one of them-between a I have urged that the administration really meant business. Now a lot of people free country and a totalitarian system. recommend and the Congress enact a tax cut say, "well that's unscientific." But all mem Senator KEATING. That's a very eloquent during this session of Congress. I am not bers can't agree on every bill. Everybody statement, JOHN. a member of the Senate Finance Committee, could agree upon a reasonable cutback, be Senator CooPER. Well, I feel this and I've but all of us in the Congress know of the cause they know it would not hurt any agen always felt it. uncertainty which prevails in the country cies. So I think that is the second thing Senator KEATING. To change the subject about the economy, and the debate over that should be done. now for a moment, you were our U.S. Am administration policy which contributes to Senator KEATING. You travel around the bassador to India and you have, this last this uncertainty. country a great deal. What general reac week, been critical of Mr. Nehru's proposed I renew my argument for the enactment tions do you find to the President and his purchase of Mig airplanes from Russia. In of a tax cut during this session of the Con policies? your judgment, has India's unfriendly De gress for the following reasons: Senator- CooPER. Well, at the beginning, fense Minister, Mr. Krishna Menon, any 1. A tax cut is needed to give the country and for a long time, the President has en chance of becoming successor to Mr. Nehru? assurance concerning the administration's joyed a great deal of personal popularity. Senator COOPER. Yes. Of course, I cannot fiscal policy. For this uncertainty is un I think he does now. But, I just have to try to talk about w~at might happen in an doubtedly contributing to the stagnation say what all of us know, and what we are other country but I must say that in my ex which prevails today. Evidently, there are talking about now-that there is this basic perience in India, I recognized that Mr. those in the administration who want large uncertainty about the state of the economy. Menon was a very forceful man, that he is budget deficits-even in this time when I think it grows from t!lis conflict of whether a very determined man and a very able man. economic factors are generally sound-claim we are going to depend upon deficit spend I thought from the very beginning that he ing that they are necessary to counteract ing to spur the economy; or whether we had the possibility of becoming Prime Minis the downturn in the business cycle. I am will have a tax cut and some sacrifice in ter of India. Now whether that is going to sure that others in the administration hold spending. occur or not I don't know, but I would cer the view that a tax cut, accompanied by Now, I'd like to make one other point. I tainly say that it's not beyond the realm positive efforts to reduce spending and to do agree with the administration on one of possibility. apply priorities among administration re proposal and I don't know that I have much Senator KEATING. Do you see any decline quests for spending, is the best means of support from my colleagues on the Republi- in American support for the United Nations? stimulating the economy. I am sure that CVIII--982 15598 CONGRESSIONAL RECORD- SENATE August 3, 1962 the great majority of the people of this But I emphasize again the conditions for dends and interest) of $1 billion annually country support the latter view, and that a tax cut which I believe are necessary to lost to the Treasury. Taxes are now with they are frightened by the former. They make it effective: held on wages and salaries, and means are believe, and I agree, -that deficit spending 1. A tax cut should be accompanied by re provided in the tax bill to reduce the bur cannot get our economy moving again. ductions in all current appropriations for dens on persons with low income. These 2. A tax cut will ·have the effect of re fl.seal year 1963, except defense spending, on provisions are particularly helpful to per ducing or curing the deficits which continue the order of 5 to 6 percent. Such reduction sons over 65 years of age. Business should to plague the Federal Government. For, would amount to $1 to $2 billion. Many will support this proposal. I d.o not see how spurring business activity, it would increase contend that across-the-board reductions one can oppose logically a proposal to collect revenues. In 1954 a deficit of about $4 bil are unscientific;:, but we in the Congress know a billion dollars in taxes annually lost on lion was anticipated. Yet, President Eisen that any agency of the Government, other dividends and interest, which either through however proposed a tax bill which released to - than the Defense Department, can get along inadvertence or purpose are not paid, taxpayers an estimated $7½ billion in the with~ 5- to 6-percent reduction. although they· have been taxable since 1913. first year. In the following year there was 2. The ·auministration should postpone re With international conditions of danger a slight deficitL. but the next year the Oov quests that entail additional spending, unless being what they are, there is now, and will er-nment achieved a considerable . surplus. critically essential. · As an example the re continue to be a need for large Federal As a consequence of the tax cut, the country quest for a billion-dollar raise in the pay of revenues. It would be irresponsible to pro experienced the largest investment that had Federal employees could certainly be post pose a tax cut which would drastically and taken place since World Warn. Taking into poned for a year-until we know that it can permanently reduce needed revenues, and account the advances in gross national prod be afforded. which enlarge yearly deficits. But if the uct and individual income since 1954, it is 3. The Congress should act upon provi administration proposes a tax cut, and at probable that $75 to $100 billion· have been sions of the tax bill now before the Senate the same time makes a conscientious released since 1954 to corporations and indi Finance Committee, which would revise attempt to reduce nonessential Federal expenditures, the effect will be to greatly viduals. justly a part of the tax structure, and pro improve economic conditions, and help cor 3. A tax reduction which will enable busi vide additional revenue. I refer to revi rect the Government's fl.seal position both ness to modernize, and which will enlarge sions of taxes on mutual fl.re and casualty nationally and internationally. consumer demand-if accompanied by re insurance companies, mutual ·savings banks, If the administration will not take the straints in spending-will remove the un savings and loan associations, and co-ops. initiative, I hope very much that the Repub certainty about administration policy, and 4. I support also the revision which is lican minority will work together for a pro provide the confidence needed to move the designed to secure the payment (through the gram of tax reduction and reduction of economy, 'Yhich is basically sound. means of withholding 20 percent of divi- spending.