Candidates for the U.S. Senate and the U.S. House of Representatives were asked the following questions by The Washington Post:
Reaganomics: Do you believe the Reagan economic program is working? Why or why not?
Issue: What do you see as the central issue of your campaign this year? How do you and your opponent differ oh it?
Legislation: Name one major legislative proposal you would champion if elected. Paul S. Trible Jr. Republican
Reaganomics: Yes, though not as rapidly as any of us would like. It is important to remember we are in the process of repairing 25 years of mismanagement. As a member of the House Budget Committee, I worked to put new constructive programs in place. By 1980, America's economic condition had deteriorated dramatically. Inflation, interest rates and taxes were on the rise, while real wages, productivity, investment -- even belief in a higher future -- were declining. Since 1980 the inflation rate has fallen substantially, from 12.4 percent to 5 percent. Interest rates, though they remain unacceptably high, have dropped by one-third. Much-needed relief was provided to American taxpayers, who will receive a 25 percent reduction in their taxes by July of next year. And wage earners recently experienced their first "real" increase in take-home pay in a long time. Faced with runaway inflation and the prospect of economic chaos, the program for economic recovery has laid the groundwork for sustained and noninflationary economic growth in the days ahead.
Issue: The central issue is who will put Virginia first with can-do policies that will create jobs and provide new economic opportunities for all Virginians. In 1979, I fought the Carter administration's decision to send the carrier Saratoga to Philadelphia for overhaul. The decision cost Virginia a $549 million contract and 2,600 jobs. My opponent called and act "a sound decision." This year as the ranking minority member of the military installations subcommittee, I fought the Navy and kept 18,000 jobs in Northern Virginia. When Virginia was threatened with federal cutbacks which would decrease job counseling and placement services, I cosponsored legislation to restore this funding. The legislation was enacted into law. In addition, I have outlined a multi-point program for job creation. I have supported enterprise zones to bring job growth to economically distressed areas. I voted for legislation which would foster the growth of export trading companies to increase foreign markets for Virginia's products. And I have worked hard to provide capital and research money, and to reduce the regulatory burden on small businesses.
Legislation: I intend to work for a simple, fair and growth-oriented tax code. Substantial criticisms have been leveled against our current tax system; it is too complicated, it is unfair and it hampers our economy's ability to provide jobs and rising incomes. I believe that we can design a fairer, simpler, growth-oriented tax code. One that insures that each American pays his share, but that no one pays more than he should. We can move toward a flat rate combined with a generous personal allowance. A reformed tax system must take into account other differences in ability to pay: medical expenses, high state and local taxes, expenses in earning an income. We should also retain our present incentives for home ownership, charitable contributions and retirement. A simplified tax system should treat all income the same. A dollar is a dollar -- whether it comes in the form of wages, interest, dividends or capital gains. We can create fairness by insuring that any dollar of income is taxed at the same rate. Tax forms need to be simple, understandable and easy to fill out. We can achieve this goal by broadening the tax base and lowering average tax rates. Broadening the tax base will make our tax code fairer and simpler, will improve incentives and economic efficiency and help our economy grow again.