Regan Unveils New Tax Plan Designed to Simplify System
Total Page:16
File Type:pdf, Size:1020Kb
Africa's food problem - page 3 VOL XIX, NO. 63 the independent ~tudcnt new~paper ~en ing notn dame and -,aint mary·., WEDNESDAY, NOVEMBER 28, 1984 Regan unveils new tax plan designed to simplify system A88ociated Press veiled now "because I know that a rate; those above that at a 35 percent task as difficult as overall simplifica rate. WASHINGTON- The dramatic tax tion of our tax system will generate •Couples filing joint returns and overhaul plan now before President much debate, and I want all those in earning less than $3,800 would pay Reagan would slice federal income terested in the subject to have the no tax; those earning l\3,800 to tax rates, end a variety of deductions same information we have." $31,800 would pay at a I 5 percent and double the personal exemption Reagan promised to pay special at rate; those earning $ 3I ,80 l- 1163,800 to S2,000, Treasury Secretary tention to congressional reaction. would pay at a 25 percent rate; those Donald Regan said yesterday. But, at first glance, he added, "the earning about that would pay at a 35 Regan unveiled the plan, the prod Treasury study certainly proposes a percent rate. uct of a year's work by a task force he simpler and fairer tax system with • Head-of-household taxpayers directed. lower rates for taxpayers, and per earning less than $3,500 would pay Evt•n hc:fore yesterday's an sonal exemptions increased to no tax; those earning $3,500 to nouncement, however, the presi $2,000. It is also is something I in 1125,000 would pay at a I5 percent dent said that ''no decisions have sisted upon- a tax simplification and rate; those earning $25,00 I- 548,000 been made" on the proposal. not a tax increase in disguise." would pay at a 2 5 percent rate; those Whatever Reagan approves must lbe plan would consolidate the earning above that would pay at a 35 still clear Congress, where several 16 existing tax brackets thusly: percent rate. influential members have vowed •Single taxpayers earning a Some 80 percent of taxpayers· that raising revenues and cutting the taxable income of less than 112,800 would see their income tax pay federal deficit must take precedence would pay no tax; those earning ments falling or, at the least, holding over tax code simplification. 52,800-519,300 would pay at a I5 steady, under Regan's nearly year 'lbe president, in a written state percentrate; those earningS l9,301- long effort to come up with a better ment, said he wanted the plan un- S38,l00 would pay at a 25 percent way to tax the nation. HPC discusses use of party rooms By SCOTT BEARBY chairpersons to exchange ideas More plans for an HPC lecture Neu•sStaff about current academic programs in series on leadership were also un the halls and to keep hall contact veiled at last night's meeting. Due: to the increased concern with the academic commissioner's Speakers will most likely be appear Even Bikes about student activity alternatives at office strong. ing periodically from February to Hibernate Notre Dame, the Hall Presidents' Lohman also hopes to encourage April. Targeted speakers for the se Security officer Bany Kantz helps an unidentified woman store her Council is looking to find sugges more faculty/student interaction in ries are successful Notre Dame bikefor the coming cold numths. Winter bicycle storage continues tions for better utilizing current hall the coming months. He mentioned alumni. today frrm 5 to 7 pm. at Gate 14 of the Stadium. social space. A committee of hall Lewis Hall's recent "Favorite Faculty presidents which will concentrate Party" as an example of events he on how such party rooms can be hopes to see more of. used to better satisfy student needs This Saturday Senior Bar will be Italian police prevent terrorist plot was formed at last night's HPC invaded by "The BOBS", a band from meeting. San Francisco that uses no instru A.ssoclated Press rorist organization, but based his planned to attack the embassy with a Council President Chris Tayback ments, only their bodies. Notre ROME - Police said yesterday they conclusion on documents the ar truck full of dynamite - the same said, "It seems as if social space is not Dame Student Government Vice had foiled a plot by seven Lebanese, rested men were carrying. method used to such deadly effec being used as much as it used to. We President Cathy David explained suspected of being Islamic Holy War He said an eighth man was ar tiveness In Lebanon. need to see how we can best take that the event is free of charge to all terrorists, to blow up the U.S. em rested in Zurich, Switzerland, on The four-story embassy is tightly advantage of social space." The students. Doors will be open from 9 bassy with a dynamite-laden truck. Nov. 18 while carrying more than secured. Safeguards include cement Council did take suggestions about P.M. to 3 A.M. for dancing to music four pounds of explosives. He gave blocks in driveways, chains and spe making social rooms more useful. In videos. "The BOBS" will perform for Police Chief Marcello Monarca no other details on that case. cial barricades designed to keep cluded among these ideas was one 90 minutes, starting at 9:30 P.M. The said he believes the suspects are vehicles from crashing through which would provide Trivial Pursuit performance will include their song members of Jihad lslami, or Islamic Monarca said police arrested the entrances to the 17th century build and other activities in a game "I Hate the Beach Boys." holy war - the shadowy terrorist seven Lebanese on Saturday at ing. At least one police van is parked room/T.V. room setting. The Marine Corps R.O.T.C. at group that has claimed responsibil Ladispoli, a seaside resort south of in front of the embassy at all Urnes. Bruce Lohman, academic com Notre Dame Is beginning their "Toys ity for attacks on U.S. targets in the Rome. Mike Canning, assistant press missioner for Notre Dame, spoke to for Tots" drive for needy children. Middle East. Hundreds of Americans He said police found on them a spokesman at the U.S. embassy, told the group on the progress of the Hall Spokesman Owen Murray told the have been killed in the attacks. detailed map of the U.S. embassy on The Associated Press by telephone Academic Chairpersons Council. Council that any toys in good condi The police chief told a news con fashionable Via Veneto with notes that he was not aware of the plot and 'Ibis new committee has met once tion can be brought to the Midship ference he had no hard evidence to on "weak points" of the compound. the arrests, and would have no com and is largely designed for academic men Office at the R.O.T.C. building. prove their membership in the ter- The chief said they apparently ment. Student-run station changed its name but not its format reception which has plagued the mercial station doomed this at Kurt Holzberlein. "The possibil In order for students to receive station. 1be following i..'i the first in a tempt and probably any future ity of going on the air as an AM the stereo sound, they will need Currently, the station uses a se attempts for WVFI to convert to station falls in· the same category to convert their AM receivers. three-part series (m WVFI, the ries of radio transmitters located sludent-rnn radio station ser FM. (with an FM conversion) be Ordinary reception (without in dorms throughout campus in The attempted change to FM cause there is a liability," said ving Notrr! Dame arul Saint converting) will also be en combination with a carrier cur prompted the station to change Holzberlein. "It won't cost as Mary's. hanced. According to Holzber rent system for broadcasting. The its call letters from WSND to much but there are other rules lein, the shift to this new system carrier current system allows stu WVFI in order to avoid a conflict that the FCC has for AM which is currently in progress and By MICHAELJ. CHMIEL dents to receive the signal would be very constricting." results should be heard very Staff Reporter through radios plugged into elec "The best situation that we soon. trical outlets. could have right now is with AM "AM-stereo takes the AM signal After having hopes of becom lbis signal is inadequate, WVFI stereo carrier-current. We could and cleans up the high and low ing a commercial radio station however, because the equipment provide FM quality sound on sounds and seperates them a broadcasting in FM-stereo is old, and there is too much in Series campus through the carrier cur little better," Holzberlein said. dashed over the summer, the terference around campus. rent system without the FCC "As a result, the signal is cleaned new WVFI-AM continues to serve The University was forced to A A rules." up, boosted, and sounds better. the Notre Dame community with withdraw its license application The AM-stereo carrier-current You come out with almost an FM "middle-of-the-road" program when the cost for conversion with its sister station WSND-FM. system would utilize WVFI's stereo quality reception." ming and the possibility of an from the present system to FM When the license application was present broadcasting network.