Clinton Policies
President Clinton is most forcefully urging the Japanese government to make large permanent cuts in income taxes to “grow” the country’s economic system. Japan has tried temporary tax cuts, which did not help its ailing economy.
While Clinton has avidly pursued this crucial keystone of Reaganomics in Japan, he has tried to impose a half-trillion-dollar tax increase on our tobacco companies. Of course, such taxes would ultimately be collected from smoker-taxpayers. Since Clinton is unable to work with Congress, he is proposing to make rules by edict in the form of countless regulations. Again, the implementation of the regulations would cause increased expenditures to those regulated. The resulting costs would ultimately be collected from taxpayers.
How can such an opposite approach to achieve economic health in the two countries be proposed or defended?
STANLEY C. MELLIN
Rancho Palos Verdes
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