European Stars and Stripes (Newspaper) - August 26, 1978, Darmstadt, Hesse                                12 the stars and stripes Tom Wicker saturday August 26, 1978 Are soak the Rich tax plans fiscally sound Tavi Nelson a conservative Republican candidate for de Brooke s Senate scat in Massachusetts said in a recent inter View that his program included support for the original Kennedy tax  this puzzled the interviewer and Nelson explained. He was for the Kemp Roth Bill which would Cut corporate and personal in come taxes by 30 percent Over the next three years $98 billion for individuals and $15.5 billion for corporations. The principle of this Cut Nelson said was the same As that of the Kennedy tax Cut of 1963 actually passed in 1964 under Lyndon Johnson if taxes Are sufficiently reduced the Economy will be stimulated the tax base will expand and tax revenues will Rise even at lower tax rates. Indeed that was the theory of the Kennedy tax Cut. And it certainly worked at least for a time. But in 1964, inflation was run Ning at Only 1.4 percent instead of at about 10 percent As it is today. The Kennedy Cut. Moreover totalled about $12 billion something like $36 billion today or about a third of that proposed by rep. Jack Kemp of new York and sen. William Roth of Delaware both republicans. Kemp Roth proponents including the Mil s authors habitually used the dubious analogy to tout their proposal. .v.1 is warning enough. When Republic wolves appear in democratic  is Likely to be eaten alive. But the Wall Street journal no doubt in fort Abl with the Kennedy association red the other Day that the Liberal age against Kemp Kolh derives from Era unwillingness to recognize that Nee Hish tax rates arc Cut to enhance Ivenus  The whole Structure of soak the cd taxation becomes suspect Well liberals in the Kennedy ii minis stration not Only acted on that premise snore than a decade Ajo they did in Over the opposition of the Wall Street journal tend that of most conservatives who now to to claim Kennedy parentage Fortis Roth. To the extent that we have soak the "  moreover suggests whole cure has not been much affected by 6 fact that in the mid-60s tax rates were it to enhance  nor is there sound ground for most of i extravagant claims put Forward for free lunch proposal for example t it will neither cause budget cuts nor on inflation and that in a Little More 1jear in would produce revenues above the pre Cut  take $114 billion out of the Public Sec Tor and place it in private hands in the pre sent state of the Economy would so clearly produce raging inflation and enormous Federal deficits As hardly to be Worth argue Ali. Opinion  in ii column and  pm to if ixisr1""" " Obj Ciu Corm  Tot o in sum Psi Fly och Una ,. Weve ear a Compi Ait two a Row meet of Youw it Fuu. Of motes ing while few reputable economists would agree that revenues Over that total would to recovered in stable dollars for years to come. But Kemp Roth is essentially a political proposal about which More later the proposition on which it is loosely based the so called Laffer  is something else. Propounded by Arthur  of califor Nia this holds that at sonic Point tax rates can be so High As to reduce production whereupon tax revenues shrink but that As in the Kennedy example a judicious tax Cut May actually increase production hence revenues. Few argue against that idea but the problem is to know what Point on the Law Fer curve has been reached by american taxation a question mostly unexplored by serious economist let alone the messes. Kemp and Roth. Walter Helicer. A prime architect of the Kennedy tax Cut has pointed out that total taxes were Only 29.6 percent of Gnu in 1976, compared to 27.3 percent in 1966 hardly an increase to justify the massive reduction contemplated by the Kemp Roth even if we knew where we Are on the curve that would not necessarily Tell us with exactitude the answers to other difficult questions How much to Cut taxes for maximum stimulus to production How Long it would take to recoup necessary revenues or what government expenditures could and should be reduced Between the tax Cut and the Revenue recovery besides a big tax Cut certainly stimulates demand whether or not it expands Supply. Increased demand drawing on unused Supply made the Kennedy tax Cut a Success for awhile but there Ina its authors claims to suggest Iok Tion As enormous As the Kern postal would have As much effect As it would on demand or would be necessary not to of percent inflation. As a political proposition. Kemp role is better than Santa i twice As illusory. Who could i $114 billion non inflationary a would t reduce government revenues while improving a particularly if such a tax tits policy of the party of fiscal no wonder Kemp Sud Republican this Side of a. Warner is getting ready Tanni Dent on this platform even Thota he does hell find Ronald realm ionic. A  Jesse j. Jackson if Ray guilty he did not act opt after a three hour meeting with James Earl Ray i have reasonable doubt As to whether Ray killed or. King and i am absolutely convinced that if he did he did not act alone.�2 2i a whole to my indicating 1 he did not kill or. King 2 there was a conspiracy involved 3 he Felt the an Swers would be found in Fri files. Without judging the truth of these statements they Aid seem substantial enough to pursue and too important to ignore. Dram urday aug. 10, i. Along Wither Alun Toussant. Associate professor of Eda i 1 the Harvard medical  Rev James Lawson. Who was leading us garbage workers strike and invited King to Memphis met with James Earlray and his attorney Mark Lane Why do i have such doubts 1 the government has spent consider Able time painting Ray As emotionally unstable and a racist with a compulsion to -mgl,.As Ridon cd a his no and raving when he would seek a g on Dev Sion. It has since been discovered that there was no my Vail n in to am a confined to Tlle Missouri a Tours amps assessment was that a la m arid to to. A my. ,., a s.?r person my .,,.l �a.-,ii to    ilk  hum rent a to.  cans and that he is virtually apolitical. I Rafe Walden the eyewitness who saw the Man who ran out of the room where the shot was fired refused to Ridenti k m  it m a mental institution not of first two hours of nes re ported indicated that the killer was a Short " has " also during the interview rav men honed a name that to my know pledge has surf and b. A policeman with the tactical squad of the Memphis police was in the firehouse when the shot was f red he also Itce draft lhch8uards who Ray Ennis cell after he was captured � Barry old him Thalton to have seen him he confessed to the killing Point Blank by the judge in h alone he said i did t say that 4 Ray s motive was Low. He comics Hustler and gun runner milled crimes for pay. He bad violent crime. 5 the Bis motive wast committee documented that i King under electronic or Lance 24 hours a Day seven agents and som. 25, from the time he woo tit i prize in 1964 until approx before the assassination pulled off. 16 scientific examination pc have not proven that the i body was fired from the Rifle i am nol arguing that Job did not kill King. I am not intent on his guilt or innocence. I Guing that we should not a f accepting a $2 Hustler As a to Prophet of infinite Worth. Wei satisfied just to have any i rather than the right group of  \ motive May be to i our Imit e ought to be to Fine Man is id i i Ray in court