COMMITTEE ON FINANCE ROBERT J. DOLE, Kansas, Chairman BOB PACKWOOD, Oregon RUSSELL B. LONG, Louisiana LLOYD BENTSEN, Texas SPARK M. MATSUNAGA, Hawaii DANIEL PATRICK MOYNIHAN, New York DAVID L. BOREN, Oklahoma BILL BRADLEY, New Jersey GEORGE J. MITCHELL, Maine RODERICK A. DEARMENT, Chief Counsel and Staff Director SUBCOMMITTEE ON TAXATION AND DEBT MANAGEMENT JOHN C. DANFORTH, Missouri SPARK M. MATSUNAGA, Hawaii (II) 1100744 CONTENTS ADMINISTRATION WITNESS Page Hon. John E. Chapoton, Assistant Secretary for Tax Policy, Department of 86 PUBLIC WITNESSES American Council on Education, James C. Olson Association of American Universities, James C. Olson 184 184 211 211 Computer and Business Equipment Manufacturers Association, Kevin T. Con- Considine, Kevin T., on behalf of Computer and Business Equipment Manu- 167 167 Cramer, David, managing director, PUMP Financial Services, Inc.. McCrea, Dr. Peter F., for Scientific Apparatus Makers Association National Association of Mutual Savings Banks, Keith G. Willoughby... National Association of Secondary School Principals, Scott Thomson.. National Association of State Universities and Land-Grant Colleges, James C. Olson, Dr. James C., president of the University of Missouri for American Council on Education, Association of American Universities, and the Na- tional Association of State Universities and Land-Grant Colleges Pitt, Theo, Jr., for United States League of Savings Institutions ...... Thomson, Scott, the National Association of Secondary School Principals.......... United States League of Savings Institutions, Theo Pitt, Jr......... Hon. Don Ritter, U.S. Representative, Pennsylvania..... 79 Kevin T. Considine on behalf of Computer Business Equipment Manufac- Gene Bottoms, American Vocational Association. Scott D. Thomson, National Association of Secondary School Principals..... Dr. Peter F. McCrea, for the Scientific Apparatus Makers Association.. Theo Pitt, Jr., for U.S. League of Savings Institutions.......... David A. Cramer, managing director, PUMP Financial Services, Inc............ National Association of Mutual Savings Banks, Keith G. Willoughby Statement, Machinery and Allied Products Institute.. Statement on S. 1194 and S. 1195, Saul K. Fenster, president, New Jersey Letter on S. 1194 and S. 1195 from Tandy Corp./Radio Shack............. Statement on S. 738 and S. 654, Tax Executive Institute, Inc. Article from the New York Times, "Plugging Teachers Into Computer Era". Article from The Wall Street Journal, "Learning How To Use Computers Is |