Remarks at the Small Business Hearings in Oregon

Title

Remarks at the Small Business Hearings in Oregon

Description

The remarks of US Congressman Les AuCoin at the Small Business Hearings in Oregon sometime in the early years of the Ronald Reagan administration. In his remarks, Congressman AuCoin discussed the notable economic debates of the era and their impacts on both the national level and the local level. Criticizing what is now known as Reaganomics, AuCoin questioned and stated "Is it fair or workable to have an economic policy which exempts oil companies from windfall profits taxes and allows the largest corporations to sell their paper tax losses -- while offering no relief to small business from history's largest peacetime tax increase, the 1977 payroll tax hike? Is it fair or workable to have an economic strategy that abandons the 1984 goal of a balanced budget, produces projected deficits of $300 billion in three years and, with that, the continuation of high interest rates? I believe it clearly is not workable -- the collapse of the housing timber, automobile, and thrift industries is clear evidence."

This is one of a collection of digitized objects from the Les AuCoin Papers (MS.147) at the Pacific University Archives. AuCoin served in the Oregon House of Representatives (1971-1975) and in the United States House of Representatives from Oregon's 1st District (1975-1993).

Identifier

PUA_MS147_504

Creator

AuCoin, Les

Date

1981/1983

Date Created

1981-1983

Spatial Coverage

Oregon

United States

Subject

Legislators--United States

Reagan, Ronald

United States--Economic policy--1981-1993

Source

Les AuCoin Papers, Pacific University Archives

Rights

http://rightsstatements.org/vocab/CNE/1.0/

Type

Text