September 7, 1988 EXTENSIONS OF REMARKS 22755 EXTENSIONS OF REMARKS WHO ARE THE VICTIMS OF U.S. 86 (February 19, 1923), Justice Holmes dition, there is often a dual standard for as CAPITAL PUNISHMENT? delivered the opinion. This action was highly sessing the value of life in the majority com unusual, most similar cases were disposed of munity and the value of life in the minority by local grand juries and never reached the community. The combination of these factors Supreme Court. But in this instance, according is the real reason for the higher number of HON. WIWAM (BILL) CLAY to the Negro Almanac: OF MISSOURI blacks on death row. This case was an outgrowth of an Arkan For example, in the State of South Carolina, IN THE HOUSE OF REPRESENTATIVES sas race riot, during which one white man 75 percent of those sentenced to die in recent Wednesday, September 7, 1988 was killed, and several people of both races years were black. Yet, not a single black were injured. Twelve blacks were sentenced Mr. CLAY. Mr. Speaker, as we consider the to death, and 67 to lengthy prison terms. served on any of the juries which convicted death penalty amendment to the omnibus Black witnesses appearing at the trial these individuals. This reality reflects what is drug bill, I must urge my colleagues to reflect were whipped until they consented to testi common practice throughout our entire on the history of the use of capital punishment fy against the accused. The all-white jury Nation. The only white to receive the death in our society. heard the case in the presence of a mob penalty was shamefully represented by an in In 1623, when some of our earliest ances threatening violence if there were no convic competent prima donna masquerading as an tions. The court appointed counsel did not tors were migrating to the new world, John attorney. As reported by David Bruck in the Donne wrote: "Any man's death diminishes ask for a change of venue, and called no wit nesses-not even the defendants themselves. New Republic: me, because I am involved in mankind; and The trial lasted 45 minutes, and the jury In South Carolina, where I practice law, therefore never send to know for whom the brought in a verdict of guilty after five min murders committed during robberies may be bell tolls; it tolls for thee." utes. punished by death. According to police re Many in our society, indeed many in this NAACP attorneys later applied for a writ ports, there were 286 defendants arrested Congress do not agree with the sentiments of habeas corpus in the federal courts, a pe for such murders from the time South Caro expressed by this distinguished writer. lndepth tition which was at first dismissed on de lina's death penalty law went into effect in studies demonstrate that the death penalty is murrer. The U.S. Supreme Court ultimately 1977 until the end of 1981. e This "bullet" symbol identifies statements or insertions which are not spoken by a Member of the Senate on the floor. Matter set in this typeface indicates words inserted or appended, rather than spoken, by a Member of the House on the floor. 22756 EXTENSIONS OF REMARKS September 7, 1988 NEXT, A FREE-TRADE PACT effort. Sen. Bentsen's request to the Inter that goes beyond the issues enumerated WITH JAPAN? national Trade Commission is limited to ex above. The U.S. and Japan are at the fore amining the pros and cons of entering into front of the technological revolution, with negotiations with Japan and does not ad roots in the information-technology sector, HON. ROBERT GARCIA dress the substance of a possible agreement. that is having unprecedented impact on a OF NEW YORK Despite the paucity of analysis, three dis global scale, and for which the policy impli IN THE HOUSE OF REPRESENTATIVES tinct lines of reasoning in support of consid cations are only diinly perceived. Much of Wednesday, September 7, 1988 ering a U.S.-Japan agreement have emerged. the strain in the U.S.-Japan trade relation The first might be called the stalking ship results from the frenetic pace of new Mr. GARCIA. Mr. Speaker, in midst of the horse Uruguay Round/European Communi technology development, its commercial ap consideration of legislation for the United ties concept. There is growing concern on plication and its wrenching impact on exist States-Canada Free Trade Agreement in Con both shores of the Pacific that the GATT ing firms and workers. Is it not reasonable gress there have also been discussions relat Uruguay Round of multilateral trade nego that the two leading-edge innovators be ing to establishing a free trade agreement be tiations will not achieve much in terms of equally creative in their policy relationship, multilateral trade liberalization because the not only for bilateral issues, but in support tween the United States and Japan. The EC and some developing countries, such as of global economic objectives as well? August 12 issue of the Wall Street Journal Brazil and India, are unprepared to open It is time a comprehensive and forward had a thoughtful editorial written by Ambassa their markets. The EC is becoming increas looking assessment of possible U.S.-Japa dor Ernest Preeg on this interesting concept. ingly preoccupied with an internal unified nese economic cooperation got under way in Ambassador Preeg is presently a senior fellow market by 1992, and statements about the this country as it already has in Japan. at the Center for Strategic and International "reciprocity" expected from outsiders sound What are the priority issues that will Studies. ominous to U.S. and Japanese observers. present problems or opportunities over the Ambassador Preeg points out that there In a January article in International next three to five years? What bilateral have been more attention given to beginning Economy, principally about the U.S.-Cana intergovernmental mechanisms might be dian agreement, Secretary Baker wrote: created to help bring about greater harmo negotiations on forming a free trade agree "The rewards of this agreement offer an in ny in trade between the two countries and a ment with Japan but not enough on what centive to other agreements. If possible, we more concerted approach to global trade lib should be the substance of the agreement. hope this follow-up liberalization wlll occur eralization and economic development in He calls for an indepth examination by the in the Uruguay Round. If not, we might be poorer countries? How would a phaseout of U.S. Government of such an agreement. Cur willing to explore a 'market liberalization tariffs affect bilateral trade, the trade rela rently, there are studies being undertaken by club' approach, through minilateral ar tionships among the Pacific Rim countries, the United States International Trade Commis rangements or a series of bilateral agree and the GATT multilateral trading system? sion and Japan researching the possibilities ments." Yoshiji Nogami, economic counsel FORMAL TALKS PREMATURE for negotiations. or at the Japanese Embassy in Washington, was more pointed. In a Journal of Com It is premature to enter formal negotia I submit Ambassador Preeg's editorial for merce article last month, he was quoted as tions on a possible U.S.-Japan free-trade my colleague's perusal: saying that Asian nations should be pre area, to answer the question posed by Sen. [From the Wall Street Journal, Aug. 12, pared to negotiate free-trade agreements Bentsen to the ITC. However, some hard 1988] with the U.S. if slow-moving GATT talks analysis within the U.S. government is don't produce results during the next two clearly in order. In addition, since the pri NEXT, A FREE-TRADE PACT WITH JAPAN? vate sectors in both countries are in many 19-{)59 0-89-12 (Pt. 16) 22768 EXTENSIONS OF REMARKS September 7, 1988 Radcliffe w111 receive the award at the direct the IHS to implement a plan to reduce Section 103. Extends the current IHS 51st annual conference of the National infant and maternal mortality and fetal alcohol extern program at the following authoriza Council in Fort Lauderdale, Fla. tion levels: $0.3 million for FY 89; $0.35 mil Radcliffe has been the project director for syndrome among American Indians and Alaska Natives. lion in FY 89; $0.4 million in FY 91; and the South Central Ohio Juvenile Detention $0.45 million in FY 92. Center and is one of the founders of Ross Some Members have raised concerns about Section 104. Revises and extends the cur County's Roweton Family Complex. The the use of funds appropriated to the IHS for rent Indian health professions scholarship complex has been nationally recognized for the performance of abortions. Under current program at the following authorization its parent visitation home. IHS regulations, Federal funds may not be levels: $5.1 million in FY 89; $6.0 million in Radcliffe currently serves as Chairman of used to pay for abortions unless a physician FY 90; $7.1 million in FY 91; and $8.234 mil the Governor's Youth Advisory Council for has found and certified in writing that the life lion in FY 92. the Department of Youth Services and of the mother would be endangered if the Section 105. Extends the current program Trustee of the Ohio Judicial College. He for continuing education allowances at the also is a member of the Supreme Court Ad fetus were carried to term. Under this policy, the IHS in 1985 performed a total of five in following authorization levels: $0.5 million visory Committee evaluating proposals for in FY 89; $0.526 million in FY 90; $0.554 mil changes in child support rules for the duced abortions; in 1986, the number declined lion in FY 91; and $0.582 million in FY 92. family courts of Ohio. to four. Stated another way, the IHS has a Section 106. Authorizes a health profes Radcliffe, a Democrat, is seeking the ratio of 0.3 induced abortions per 1,000 live sions scholarship program for Native Hawai newly-created seat on the 4th District Court births. This compares with a ratio of 421 in ians at the level of $1.8 million for each of of Appeals in the November election. duced abortions per 1,000 live births for the the fiscal years 1989 through 1992. United States as a whole in 1985, the latest Section 107. Codifies under the Snyder H.R. 5261, INDIAN HEALTH CARE year for which the Alan Guttmacher Institute Act the current community health repre sentative program with no specific authori AMENDMENTS OF 1988 has data. Section 617 of the bill provides that, with re zation levels. Section 108. Establishes the following new HON. HENRY A. WAXMAN spect to the performance of abortions, the programs to address the shortages in physi IHS, like other Public Health Service agencies, OF CALIFORNIA cian, nursing, and other clinical staffing is governed by the relevant language in the IN THE HOUSE OF REPRESENTATIVES faced by the IHS and tribal contractors: <1 > Health and Human Services appropriations an IHS loan repayment program, with an Wednesday, September 7, 1988 bill, even though the IHS is funded under the authorization of such sums as may be neces Mr. WAXMAN. Mr. Speaker, I am proud to Interior appropriations bill. Currently, the lan sary; (2) an authorization of $0.1 million in join Chairman UDALL in introducing the Indian guage in the HHS appropriations bill is the each fiscal year for the IHS to reimburse Hyde amendment, which prohibits the use of travel expenses of individuals being recruit Health Care Amendments of 1988. This bill ed for placement at IHS or tribal sites; (3) a would revise and extend, through 1992, vari Federal funds for the performance of an abor program of grants to tribes to recruit and ous health manpower, health service, and tion except where the life of the mother would retain health professionals, with an authori health facility programs authorized by the be endangered if the pregnancy were carried zation of $1 million for each of the fiscal Indian Health Care Improvement Act and ad to term. Thus, the IHS in any fiscal year would years 1989-1991; (4) a program to enable ministered by the Indian Health Service [IHS]. be governed by whatever restrictions on the providers in Indian health programs to This bill represents a compromise between use of Federal funds for the payment for abor pursue advanced training or research. the Committee on Energy and Commerce and tions are included in the HHS appropriations TITLE II. HEALTH SERVICES the Committee on Interior and Insular Affairs. bill for that year. Section 201. Establishes a new Indian Last year, both committees ordered reported This bill contains budget authority of $7 4.8 Health Care Improvement Fund to provide H.R. 2290, the Indian Health Care Amend million in fiscal year 1989, $105.5 million in additional funds to resource-deficient tribes ments of 1987, with differing amendments. As fiscal year 1990, $11 0. 7 million in fiscal year at the following authorization levels: $19 a result of negotiations over the last few 1991, $111.3 million in fiscal year 1992, and million in FY 90 and in FY 91, and $20 mil months, we now have a product that both lion in FY 92. $7 4.5 million in fiscal year 1993. The large Section 202. Codifies the current Cata committees, on a bipartisan basis, can supp majority of this funding-over 60 percent strophic Health Emergency Fund at an au port. I hope that this bill will be considered by represents extensions of existing programs, thorization of $12 million for each of the the House on the suspension calendar in the such as community health representatives and fiscal years 1989-1992. near future. urban Indian health projects. The major new Section 203. Requires the IHS to provide The basic thrust of this bill is to raise the initiatives are first, the fund for improving allo health promotion and disease prevention health status of the Indian people to parity cations to resource-deficient tribes; second, services, including a program of diabetes with that of the general U.S. population. As provisions for upgrading IHS clinical staffing; prevention, treatment, and control, with an the Office of Technology Assessment con authorization level of such sums as may be and third, the program for diabetes prevention, necessary. Also directs the Secretary to es cluded in its 1986 report, "the health of Amer treatment, and control. Each of these new ini tablish a health promotion and disease pre ican Indians on average has improved on tiatives is essential to enabling the IHS to vention program for Native Hawaiians at an many measures over the past 15 years, but in meet its most basic responsibilities for the authorization level of $750,000 for each of almost every IHS service area and on almost health of the Indian people. the fiscal years 1989 through 1992. every measure it is still far behind that of the A summary of the bill follows. This reauthor Section 204. Confers on the IHS a right to U.S. all races population." OTA found that In ization, a version of which has been passed recover from private insurers and other dians are more likely to die of tuberculosis by the House in each of the last two Con third parties for the costs of services ren chronic liver disease and cirrhosis, accidents, dered to Indian patients. Provides that any gresses, is long overdue. The reauthorization reimbursements recovered are to be re diabetes, pneumonia and influenza, homicide, is a high priority for the Indian people. I urge tained by the IHS facility or tribal contrac and suicide. my colleagues to support the bill. tor that delivered the services for which re To improve the inferior health status of Indi SUMMARY OF INDIAN HEALTH CARE covery was sought. Also provides that at ans, the bill would extend the existing Indian AMENDMENTS OF 1988 least $200,000 of the funds appropriated to health manpower programs and authorize new TITLE I. INDIAN HEALTH MANPOWER the IHS each fiscal year are to be applied to initiatives to address the growing shortage of Section 101. Extends the current health health services research. doctors, nurses, dentists, and other health professions recruitment program for Indi TITLE III. HEALTH FACILITIES professionals faced by the IHS and by tribal ans at the following authorization levels: Section 301. Requires the Secretary to contractors. The bill would also direct the IHS $0.6 million in FY 89; $0.65 million in FY 90; submit to the Congress an impact evalua to expand its health promotion and disease $0.7 million in FY 91; and $0.75 million in tion at least one year prior to the closure of prevention activities, with an emphasis on dia FY92. any IHS hospital or outpatient facility, and betes prevention, treatment, and control. In Section 102. Revises and extends the cur to submit annually a health facility priority rent health professions preparatory scholar system setting forth the ten highest priority addition, the bill would establish a fund to in ship program for Indians at the following inpatient and outpatient construction or creae allocations to those tribes that are most authorization levels: $3 million in FY 89; renovation projects. deficient in health care providers, facilities, $3.7 million in FY 90; $4.4 million in FY 91; Section 302. Requires the IHS to develop and other resources. Finally, the bill would and $5.1 million in FY 92. and implement a 10-year plan to provide September 7, 1988 EXTENSIONS OF REMARKS 22769 safe water supply and sanitary sewage and Section 612. Directs the IHS to pay for organization through the fund raiser bowl for solid waste disposal facUlties to Indian services to Indians in Montana who are indi kids. homes and communities. Also requires the gent and eligible for county charity care Francis Smith received his 1988 National IHS to submit annually to the Congress a pending conclusion of litigation. sanitation facUlty priority system. Author Section 613. Directs the Secretary to fund Big Brother of the Year award at the Big izes $3.85 million for each of the fiscal years a demonstration project by the Tohono Brothers/Big Sisters of America Conference in 1990-1992 to enable the IHS to provide fi O'odham tribe of Arizona to take over the Milwaukee, WI, on June 23, 1988. When he nancial and technical assistance, training, IHS health care delivery system serving the was given his award by the great Pittsburgh and emergency repairs to Indian tribes oper tribe. The authorization is $275,000 for FY Stealers wide receiver Lynn Swann, I am cer ating sanitation facUlties. 89, $275,000 for FY 90, and $75,000 for FY tain that it was the happiest and most satisfy Section 303. Specifies the conditions 91. ing moment of Mr. Smith's life. under which the Secretary may accept non Section 614. Directs the Secretary to make Francis, I salute you for the joy and mean IRS funds for the renovation or moderniza grants to the San Juan Pueblo, New Mexico, tion of IHS facUlties. for substance abuse treatment services, at ing that you have given to the lives of young Section 304. Provides for the disposition an authorized level of $250,000 for each of men, and want you to know that I am willing of the Bethel, Alaska, Hospital upon a final FY 90 and FY 91. to help you out in this effort in any way that I administrative ruling by the Interior De Section 615. Requires the Secretaries of can. Thus, it is with thanks and special pleas partment. Health and Human Services, Interior, and ure that I join with the people of the 17th Con TITLE IV. URBAN INDIAN HEALTH SERVICES Energy to conduct a joint study with respect gressional District in paying tribute to the zest Section 401. Revises and extends, under to nuclear resources health hazards on for life and humanitarian achievements of Mr. the authority of the Snyder Act, the cur Indian lands. Francis A. Smith, the 1988 National Big Broth rent urban Indian health program, with no Section 616. Prohibits the IHS from using er of the Year. specific authorization levels. Depo-provera to stop menses in mentally re Section 402. Clarifies the definition of the tarded women unless such use is specifically authorized by the FDA. term "urban Indian organization." HONORING STATE REPRESENTA TITLE V. ORGANIZATIONAL IMPROVEMENTS Section 617. Provides that the language in the HHS appropriations bill limiting the TIVE AMOS HUTCHINSON Section 501. Provides a statutory basis for performance of abortions shall apply to the the recent elevation of the IHS to agency IHS for the fiscal year to which the lan status within the Public Health Service of guage applies. HON. JOHN P. MURTHA the Department of Health and Human Serv ices. Requires the IHS to establish an auto OF PENNSYLVANIA mated management information system for IN THE HOUSE OF REPRESENTATIVES the IHS, including financial and patient A TRIBUTE TO FRANCIS SMITH care data. Wednesday, September 7, 1988 TITLE VI. MISCELLANEOUS PROVISIONS HON. JAMES A. TRAFICANT, JR. Mr. MURTHA. Mr. Speaker, I want to take Section 601. Authorizes the IHS to lease OF OHIO special note of the retirement from the Penn facUlties owned by Indian tribes for the pur IN THE HOUSE OF REPRESENTATIVES sylvania State Legislature of a personal friend, pose of delivering health services. and an outstanding legislator, Amos Hutchin Section 602. Revises and extends the cur Wednesday, September 7, 1988 son. rent authority establishing Arizona as a Mr. TRAFICANT. Mr. Speaker, today I rise I served with "Hutch" in the Pennsylvania contract health service delivery area in order to pay tribute to Mr. Francis A. Smith, House, and I have stayed in touch with him in through 1991. Section 603. Codifies criteria for eligibility a very special resident of my 17th Congres recent years, particularly after reapportion for IHS services with respect to California sional District. It is truly one of my most ex ment when we both represented parts of Indians. hilarating and proudest moments as a Westmoreland County. Section 604. Delineates the contract Member of Congress to be able to inform my In thinking back over the career of Amos health service delivery area in California. fellow Members of the U.S. House of Repre Hutchinson, there are many words that come Section 605. Requires the IHS, with re sentatives that Francis Smith was named Na to my mind. Independent; committed; honest; spect to health program and facilities oper tional Big Brother of the Year for 1988. Please truthful; able; concerned; and dedicated. ated by tribal contractors, to pay the same allow me a few moments to inform you about But there is one description that comes to expenses as the IHS covers in the programs and facilities it operates. this great addition to the human race. mind above the others: Amos Hutchinson was Section 606. Prohibits the Secretary from Mr. Smith resides at 20 Brookline Avenue in a dedicated American. In that deceptively removing a National Health Service Corps Youngstown, OH with his lovely wife Ginger simple phrase, you can tell a great deal about physician from an Indian site unless the and doting son Scott. He has served as big Amos Hutchinson, and a great deal about why Secretary assures there will be no reduction brother to three outstanding young men over our governmental system is the best in the in services. the past 13 years: John Banko of Youngs world. Section 607. Describes the circumstances town, a graduate of Chaney High School who "Hutch" was the true citizen-legislator. He under which IHS facilities can make serv intends to become a top student at Youngs worked for his people. He carried his area's ices available to persons who are not eligible Indians. town State University; Joe Silva, a YSU stu message to Harrisburg. He stayed true to the Section 608. Directs the IHS to develop dent majoring in management and an energet principles of democratic government. He ex and implement a plan to reduce the rates of ic retail store employee; and David Altman of pressed his views forcefully, but he respected infant mortality, maternal mortality, and McDonald, OH, a star pupil at McDonald Ele the well-thought-out conclusions of an oppo fetal alcohol syndrome among Indians to mentary School. Through Mr. Smith, each of nent. In retiring he commented, "My whole specified levels by 1993. these wonderful young men have received the career in the legislature has been a highlight. Section 609. Requires the IHS to provide guidance, love, and attention that every It's an honor to represent the people of West contract health services to members of the person needs. moreland County". Turtle Mountain Band of Chippewa Indi ans. Besides being named National Big Brother And it has been an honor for the State leg Section 610. Directs the Secretary to of the Year, Mr. Smith was also named Re islature and for the people of Westmoreland report to Congress by September 30, 1990, gional Big Brother of the Year for 1988 and County to have Amos Hutchinson in the State on the feasibility of an arrangement for Mahoning Valley Big Brother of the Year for house of representatives. sharing of services and facUlties between 1982. Mr. Smith's mind-boggling devotion as a The numbers and facts show 20 years of the IHS and the V.A. Authorizes the IHS big brother has been slavish and exhaustive. service, supervision of a reorganization of clinic in Ft. Duchesne, Utah, to serve veter- He has served as president of Mahoning PennDOT and rebuilding the State's highway ans. Valley Big Brothers for the past 2 years and system where his accomplishments were Section 611. Requires that the IHS submit an impact report to the Congress if, in allo has been a member of their board of trustees much too regularly overlooked, the only cur cating funds, it reduces the base resources for the last 12 years. His accomplishments rent member to chair two committees, and a of any recurring program, project, or activi also include coordinating and acquiring toys State law compensating volunteer firemen, po ty of a Service Unit by 5 percent or more in for the Big Brothers Christmas Party since licemen, and prison guards killed in the line of any fiscal year. 1978, and obtaining countless dollars for his duty. 22770 EXTENSIONS OF REMARKS September 7, 1988 But behind those numbers stands a dedicat held for longer than 6 months), was entitled rate of 15 percent. By enacting this legisla ed American, a man of principle, a man who to preferential tax treatment. In general, 60 tion, Congress and this Commission can was always "Hutch" to neighbor, friend, or percent of the long-term capital gain was help to maintain a favorable atmosphere for excluded from tax. The highest effective economic growth and encourage sensible in foe, a good friend of mine, and a man in tax rate on a long-term capital gain was, novative risk-taking. In addition to raising whose government service we can all appreci therefore, 20 percent <40 percent of the revenues through enhanced investment, the ate and are all a little better because of his long-term gain subject to tax times the reduced rate will create more jobs and work. highest marginal tax rate, 50 percent>. thereby also raise more revenue. A reduc Interestingly, capital gain is a voluntary tion in the rate will correct one of the great tax. It is the individual taxpayer who de blunders of the Tax Reform Act of 1986. TESTIMONY FOR PREFERENTIAL cides that he wants to sell an asset and I thank the members of the National Eco TREATMENT OF CAPITAL therefore pay the corresponding tax. Tax nomic Commission for providing me the op GAINS SUBMITTED TO NEC payers want to maximize profits. Logic dic portunity to present my views. I look for tates that a lower tax would encourage ward to working with you in the future. sales, whil~ a higher tax rate stifles sales. HON. PHILIP M. CRANE With an increase in sales, one will find that OF ILLINOIS increased activity leads to higher revenues. TRIBUTE TO SGT. BILL LEWIS IN THE HOUSE OF REPRESENTATIVES The federal government can only collect re Wednesday, September 7, 1988 ceipts on capital gains when taxpayers sell their assets for profit. HON. ROBERT J. LAGOMARSINO Mr. CRANE. Mr. Speaker, in these times of In the early 1970s, Congress doubled the OF CALIFORNIA revenue shortfalls and overburdening taxes, maximum tax rate on capital gains from 25 IN THE HOUSE OF REPRESENTATIVES the preferential treatment of capital gains is percent to 49 percent. The motivation for an avenue that will provide revenues and this dramatic increase was to increase tax Wednesday, September 7, 1988 lessen the tax burden on the American revenues; but these high tax rates on capital Mr. LAGOMARSINO. Mr. Speaker, Califor gains caused those years to be one of the people. I recently had the privilege to submit most unproductive in recent history in nia's 19th District is blessed with a wealth of testimony to the National Economic Commis terms of capital investment and small busi dedicated public servants-it is a part of what sion on preferential treatment for capital ness growth. The venture capital needed to makes living there such a pleasure-and so it gains. The following is the text of that testimo start new businesses and the growth for cor is always a special occasion when I have an ny: porations virtually disappeared. A period of opportunity to recognize any one of them indi WRITTEN TESTIMONY OF PHILIP M. CRANE, economic stagnation ensued, and many cor vidually. One of those outstanding individuals COMMITTEE ON WAYS AND MEANS, AUGUST porations went under, went deeply into has to be Sgt. Bill Lewis, who is retiring Sep 17, 1988 debt, or in the case of many new high tech tember 16, after over 32 years of dedicated nology firms, were forced to sell or license Thank you for giving me the opportunity their products to foreign corporations. police work. to present my views to the National Eco Then, in 1978, behind the leadership of Since 1956 Bill Lewis has served his home nomic Commission. In this day and age of the late Congressman Bill Steiger, Congress town of Oxnard very well, working in vice and increasing Congressional spending and a narcotics, on the special enforcement team, runaway budget deficit, it is obvious we acted to reduce the capital gains tax rate need to return to basic bugetary principles. from 49 percent to 28 percent. The results patrol, canine unit, detectives, and finally as a The federal government, like a family, must were astonishing even to those who had pro sergeant in the traffic division. On September establish an effective budget in which ex posed the reduction: in a mere 18 months, 16, the Oxnard Peace Officers Association will more than $1 billion of new venture capital be sponsoring a retirement dinner to honor penditures do not excede revenues. All too poured into funds for investment in new often, Members of Congress pass pet pork and growing companies. With a further re Sergeant Lewis, including a special "roast" barrel projects without regard to how the duction to 20 percent in 1981, this country and a presentation of "The Bumper Morgan project will be financed. Consequently, the experienced a virtual explosion of invest Award" by actor George Kennedy. burden falls on the Members of the Ways I know that I speak for the citizenry of the and Means Committee to devise ways in ment and capital formation. This seemingly which to raise revenues by increasing un innocent preferential treatment for capital 19th District when I thank Sergeant Lewis for popular taxes, usually on the business com gains created millions of new jobs and in his years of dedicated service, and wish him munity. creased revenues taken in by the Treasury well in the future. It is comforting to know that Department. In 1979, the first year of the RAISING REVENUES-NOT TAXES his dedication to duty will be continued by his Steiger tax cut, $11.7 billion in capital gains two sons, Bob Lewis and Bill Lewis II, who It is imperative that the Members of Con revenues were collected, up from $8.1 billion gress and the National Economic Commis collected in 1977, and $9.3 billion collected also work for the Oxnard Police Department. sion understand that the answer can only be in 1978. achieved through reduction of expenses, tax Preferential treatment of capital gains is incentives that encourage growth, and fiscal an essential building block in the continuing THE NORTHEAST-MIDWEST ECO responsibility. The continued growth of the resurgence of this country's economy. This NOMIC DEVELOPMENT GUIDE economy is the most important step in cre is a tax treatment that affects most tax ating revenues through income tax on new paying Americans. The affluent, the middle wage earners in new jobs. One way to stimu class, the small businessman are all affected HON. JIM LEACH late growth is by increasing capital that is by this taxation. Homeowners do not sell OF IOWA available to invest not only in new, but ex their dwellings, farmers do not sell their IN THE HOUSE OF REPRESENTATIVES panding ventures. The taxation of earnings parcels, small businesses do not generate on investments, or capital gains taxes, venture capital unless tax levels make it Wednesday, September 7, 1988 should receive preferential treatment to worthwhile for them to do so. Recognizing Mr. LEACH of Iowa. Mr. Speaker, the expand the development of capital re that this item of the tax code affects all as number of Federal programs to stimulate eco sources in this country. As an added bonus, pects of the economy, we must understand nomic development has fallen sharply since the preferential treatment of capital gains that this issue cuts across party lines. This 1981. Fortunately, many States have imple would add to the coffers at Treasury, and isn't conservative issue, a liberal issue, a thus, help reduce the deficit. According to a supply-side issue, a Keynesian, or any other mented innovative programs of their own in much publicized study by Professor Law specific cause. It is an issue that is good for order to spur economic vitality and develop rence Lindsey, using simulations of Dr. America. What better signal to send the ment. Martin Feldstein's capital gains model, the people of this country, than a message from The Northeast-Midwest Congressional Coa revenue optimizing rate will be achieved this newly created committee that states: lition has documented many of these success with a drop in the rate from 28 percent to "We support the innovators of this country ful programs in the 1988 edition of "The 15 percent. in building tomorrow's dreams, today." Guide to State and Federal Resources for Capital gains are those gains resulting History proves that the preferential treat Economic Development," which was released from the sale of capital assets, such as ment of capital gains provides a more dy stocks, bonds and real estate. Until the pas namic and lucrative economy while provid today. This valuable guide contains outlines of sage of the Tax Reform Act of 1986, long ing additional revenues to the federal gov remaining Federal programs as well as a term capital gain (long-term gain was that ernment. It is essential that we restore the useful anthology of 460 brief case studies resulting from the sale of a capital asset capital gains tax treatment to a maximum drawn from every State in the Nation-that il- September 7, 1988 EXTENSIONS OF REMARKS 22771 lustrate the strong initiative taken at the State property taxes as usual, but deposits the World War II at the barrel works in Niles. level. new taxes generated by the expansion in Today, she enjoys the pleasures of her nine This scholarly work will help Federal, State, the college's special repayment fund. The grandchildren and four great-grandchildren. program places a lien on the employer's and local policymakers meet the challenge of business property until the bonds are repaid It is with pride, honor, and pleasure that I a rapidly changing economy. I strongly recom in full. These payments are part of the em salute an outstanding individual, on behalf of mend "The Guide to State and Federal Re ployer's regular annual property tax liabil the people of the 17th Congressional District. sources for Economic Development" to all of ity and carry the same penalties for nonpay May Louise continue to find happiness and my colleagues in the coalition. This guide con ment. The college pledges its special fund to hope in the years to come. tains a wealth of information that will be useful the payment of principal and interest on in promoting the continued economic revital the bonds. Though the INJTP is self-fund ization of the Northeast-Midwest region. ing, certificates are secured by the commu MR. DUKAKIS "YOUR RECORD nity-college district through a provision im IS NOT REASSURING" At this time, Mr. Speaker, I would like to plementing a stand-by tax fund in the event enter one of these brief studies from my home of a business' failure or inability to repay. State of Iowa into the RECORD. New and expanding firms in almost any HON. PHIUP M. CRANE IOWA INDUSTRIAL NEW JOBS TRAINING industry qualify for entry into the program. OF ILLINOIS PROGRAM Retail, health, and professional service busi IN THE HOUSE OF REPRESENTATIVES OBJECTIVE nesses are not eligible for program assist The Iowa Industrial New Jobs Training ance. Wednesday, September 7, 1988 Program
<<