HomeMy WebLinkAboutAgenda Report - May 20, 1981 (49)LETTER
11 RECEIVED
\ P FROM SENATOR
IJAYAKAWA
CounciI'
received
a letter from S I.
thanking the Council for expressingOpinions about
-.-
the President's program for economc rrecovvery.
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WASHINGTON. O.C. 20910
April 13, 1981
Ms. Alice Reimsche
City Clerk
221 west Pine Street
Lodi, California 95240
Dear -rri-ends:
Thank you for expressing opinions about the Presidentts
Program for Economic Recovery.
I believe our nation is at a crossroads. We can continue to
foster -big government and use our tax dollars to support an eves
growing list of special interests. or we can return to policies
of rewarding the hard- work and investment which made this country
great.
I have favored the ,latter approach throughout my career
in the Senate. bast Congress I cosponsored the Roth -Kemp II
legislation- which would !save cut personal income taxes by ten_
percent a year for three years. Currently 2 an working to ensure
passage of President Reagan*s Program for Economic Recovery.
This four-part program combines budget budget and tax cuts, rollbacks
of regullations# and consistently limited monetary growth.
The proposed budget cuts will be severe but they have been
carefully designed to limit the growth of government while pro-
tecting our neediest citizens. Reduced taxes and regulations
will encourage much-needed increases in national productivity.
However, my support of tax cuts does not conflict with my firm
commitment to a balanced budget. New data suggests that the
additional economic activity generated by such cuts will actually
increase the flow of revenue into the Treasury. In an atmosphere
of stable monetary growth, I am convinced these measures will
reduce inflation and revitalize the American economy. I believe
that a sacrifice now will enable all Americans to lead better
lives in the future and I am committed to passing the President's
program in the form it was submitted to Congress.
It was good to hear from you.
sincerely,
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S. I. Hayakawa
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MAY - 8 MI