European Stars and Stripes (Newspaper) - August 24, 1990, Darmstadt, Hesse                                Friday August 24, 1990 the stars and stripes a Page 5 any by la Washington Post Washington a House minority whip Newt Gingrich sought wednesday to move the White House away from any budget Deal involving a tax hike. The Geprgia Republican warned that an increase in government revenues would make a recession More Likely and work to the advantage of the democrats in a highly partisan assault Gingrich declared that the a no. 1 goal of the Republican party should be to help the. Economy avoid a recession despite the democratic leadership of  in a comment Likely to make bipartisan negotiations More difficult Gingrich also strongly suggested that Senate majority Leader George j. Mitchell of Maine has actively sought to Foster a ajor economic downturn. A we have an Economy that is succumbing to a recession which 1 believe sen. Mitchell has frankly been planning for a he said. Gingrich made his remarks at an afternoon news conference and elaborated on them in an evening speech at the heritage foundation. Gingrich argued that the worsening condition of the Economy and the increase in Oil prices following the iraqi invasion of Kuwait have changed the circumstances surrounding bipartisan budget negotiations since president Bush backed away from his Quot to new taxes Quot pledge in june. Indicating that he is Likely to oppose any tax increase Gingrich called for five separate tax cuts to stimulate the Economy. These were. A a substantial increase in the $2,000 deduction for dependents. A a revival of individual retirement accounts. A a liberalization of their use to covet education and first Home Dow payment costs. A a business equipment investment tax Cut. A a reduction in the capital gains tax rate to 15 percent and business lax credits for investments in Urban Quot Enterprise  Gingrich argued that the loss in revenues front these tax cuts which he did not estimate would be More than justified because a recession would Cost the government much More. While. Describing Bush s decision to abandon his a no new taxes Quot pledge As a throwing an interception a Gingrich As recently As last month said he was Quot prepared to sponsor and support raising taxes Quot according to participants in a gop strategy session. On wednesday however he said Quot would find it very hard to understand an argument for a tax increase in the  the weak  rep Newt Gingrich u 3< judge found guilty wiretap san Francisco apr a Federal judge was convicted wednesday of leaking a wiretap to a former mobster and lying to the Fri. But . District judge Robert Aguilar was cleared of conspiracy in a Case involving a teamsters official. Aguilar a 1980 appointee could be sentenced to five years in prison and fined $250,000 on each charge. Sentencing is scheduled nov. 1 before . District judge Louis Bechtle a Philadelphia judge assigned to the Case. Aguilar. 59, also faces Likely impeachment and removal from office by Congress unless the convictions Are overturned on Appeal. The jury deliberated More than four Days. Another jury had deadlocked on the charges at Aguilares trial in March. Aguilar was acquitted of the main charge conspiring to obstruct Justice in the Case of former teamsters Leader Rudy Tham. Prosecutors alleged that Aguilar agreed to use his influence with a fellow judge and advise thames lawyers on overturning thames 1980 embezzlement conviction. Aguilar was convicted of two cover up charges a disclosing to Abe Chapman an sex mobster and a former relative of Aguilar by marriage in february 1988 that Chapman was the subject of a wiretap m the Tham investigation. A attempting to obstruct a grand jury in june 1988 by lying to Fri agents who asked him about the Chapman wiretap and his involvement in thames Case. During testimony Aguilar denied leaking a wire Lap or discussing thames Case with the Union leaders lawyer Edward Solomon. Aguilar was acquitted of charges that he disclosed wiretap information to Chapman in August 1987 and that he advised Solomon to lie to the grand jury by denying be had discussed Thame s Case with Aguilar. Aguilar Aguilar was the fourth Federal judge charged with crimes in the past decade. The others a Harry Claiborne of Nevada Alcee Hastings of Florida and Walter Nixon of Mississippi a were All removed from office by Congress. Cool to push Boycott of Nike Chicago apr operation push failed to win support from Black leaders in Portland Ore. Despite two Days of protests and meetings on its Boycott of Oregon based Nike inc. Quot push Wasny to Happy it could not rally local support Quot said Robert Phillips president of the Portland a act on tuesday. Leaders of the Portland branches of the a act the Black United front the Urban league and the coalition of Black men met monday with push executive director Tyrone Crider. About 150 people attended a rally monday night some 40 of them push supporters from Chicago. Black Community leaders in the Portland area said the Boycott is ill conceived and lacks leadership. They expressed anger that Chicago based push ignored them before forging ahead with its War against Nike the nations largest maker of athletic shoes. Push called for the Boycott two weeks ago saying Nike denies Blacks adequate employment and business opportunities. Nike based in suburban Beaverton Ore., says its policies and programs for minorities could be models for the Industry. Push which stands for people United to save humanity was founded by Jesse Jackson. He gave up leadership of the organization to run for president in 1984. In the stars and stripes 40 years ago today. Aug. 24, 1950 a american troops battled Nonh korean troops to a standstill before the Gates of Taegu South Korea. On the . Southern Hank West of Masan soldiers dug in behind barbed wire for an expected All out enemy attack. 30 years ago . 24, 1960 a Broadway lyricist Oscar Hammerstein ii 65, whose musical hits included a showboat a a South Pacific Quot a the sound of music Quot and Quot Oklahoma a died of cancer at his farm near Doylestown a. 20 years ago today. Aug. 24, 1970 a vice president Spiro t. Agnew. In route to the far East said the United Stales would do everything possible to help the Lon nol government in cum Odia. To years ago today. Aug. 24, 1980 a in a dramatic Concession. Polish Glt it eminent negotiators went into strike Headquarters at the Lenin shipyards m Gdansk to meet with leaders of Poland s i 50,000-Strong workers revolt. A a ship of the organization to run for president in 19i irs says the Rich Are getting Riche millionaires pass 1 million Platea Washington apr nearly 28.5 475,000 reported in 1982 and five times the National average was 191 a i i. I on Nna i tall. I n aaa Washington apr nearly 28.5 percent of americans personal wealth is in the hands of 3.3 million persons whose holdings exceed the entire Gross National product the internal Revenue service reports. The irs says the richest. 1.6 percent of . Adults a those with assets of $500,000 or More a had total holdings of $4.3 trillion and a combined net Worth of $3.8 trillion in 1986, the latest year for which figures Are available. By comparison the value of All goods and services produced in the United states in 1986 a the Gnu a was $4.1 trillion. Four years earlier 23 percent of personal wealth in the United states was held by 2.2 million people with a net Worth of $2.1 trillion. The irs report suggests the United states has More than 1 million millionaires. In 1986, the irs estimated there were 941,000 adults with a net Worth of $1 million or More almost twice the 475,000 reported in 1982 and five times the 180,000 in 1976. The number has surely climbed since then. The irs study estimates the 3.3 million wealthiest americans had an average net Worth in 1986 of $1.13 million. The portion of women among the super Rich continued to grow. They accounted for nearly 43 percent of total assets and on the average owed less and had a greater net Worth than men. Past studies found the wealthy putting the biggest portion of their Money into real estate but now the no. 1 investment Choice is corporate stocks. A More than one Quarter of the richest adults were in California a 558,000. New York ranked second with 340,000, Oil battered Texas dropped from second to third with 250,000, Florida was fourth with 238,000 and Illinois rounded out the top five with 148,500. On a per capita basis the irs said Connecticut had the largest concentration of wealthy people at 327 per 10,0490 adults. California had 299 per 10,000. The National average was 198 per 10,000. Average net Worth of the Rich ranged from $473,510 in North Dakota to $1.25 million in Oregon. Other findings reported in the latest irs a statistics of income bulletin a include. A More than 1.17 million of the very wealthy were under age 50 and had almost $1.1 trillion net Worth. A debt declines with age. The under-50 wealthy owed an average $266,000 the 50-64 group $195,000 those 65 and older owed an average $72,000. A the average net Worth of women on the list was $1.17 million the men averaged $1.11 million. A almost All the 3.3 million super Rich had Cash it totalled $402 billion an average of $123,740 per person. A 1.1 million owned corporate stocks with total value of $1.3 trillion an average of $482,650 each