Come To Diamond Country
Sankey Park Diamond Salon
Tax cuts into ’76
THE BATTALION Page 3
THURSDAY, NOV. 6, 1975
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W l N N E R! 3 ACADEMY AWARDS
including BEST ACTRESS Katharine hepburn
Joseph e LeviNe pm.™ an avco embassy film
PETER OTOOL6 KATHARINE HEPBUI
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IPGlPAttMIkl GUDANCE SUGGESTED -2i ]
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Starts FRIDAY!
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FRI. AT 7:00 & 9:30
An AVCO EMBASSY Relffl
PANAV1SI0N* In COLOR
H
MIDNITE SHOW FRI. & SAT. WOODY
ALLEN’S “WHAT’S UP TIGER LILY?’’
(PG) ALL SEATS $1.25
KTAM CHILDREN’S MATINEE SAT. AT 11:00
A.Mj & 1:00 P.M. "COCKEYED COWBOYS OF
CALICO COUNTY" (G) ALL SEATS 50c
AGGIELAND 76
FALL SEMESTER
DEADLINES
NOVEMBER 14 is the LAST DAY TO RESERVE PAGES in
the AGGIELAND 76.
NOTE, THAT ONLY RECOGNIZED UN
IVERSITY CLUBS AND ORGANIZA
TIONS WILL BE PERMITTED TO
PURCHASE PAGES IN THE AG
GIELAND.
DECEMBER 1 is the LAST DAY TO £AI FOR PAGES
THAT HAVE BEEN RESERVED IN THE
AGGIELAND.
DECEMBER 19 is the LAST DAY FOR SENIOR & GR
ADUATES MAKE-UPS AT UNIVERSITY
STUDIOS.
IF THERE ARE ANY QUESTIONS CALL
845-2611 between 8 a.m. to 5 p.m.
Cuts lack spending lid
Associated Press
WASHINGTON — This year’s
tax cuts would be extended into next
year and, in some cases, even
further into the future under legisla-
No intention
to resign,
Peron says
Associated Press
BUENOS AIRES, Argentina —
President Isabel Peron has defied
her foes, declaring in a telecast from
her hospital room, T have not res
igned and I do not intend to resign. ”
Mrs. Peron’s tone was firm but
moderate Wednesday night as she
said she had not asked for another
leave, of absence and did not plan
one.
The 44-year-old widow of Juan D.
Peron went into a hospital early
Monday, and the government said
she had gall bladder trouble. Other
sources said she was in a highly
nervous condition because of the
mounting demands for her resigna
tion.
A medical bulletin late Wednes
day said her condition was “very
satisfactory.”
Although it was as yet unclear
how leaders of the armed forces
would react to her speech, Mrs. Pe
ron’s political fortunes were
bolstered by renewed support from
the labor movement.
One leading Peronist labor
leader, Lorenzo Miguel, had urged
her to quit Sunday night. But the
General Labor Confederation CGT,
the backbone of the Peronist
movement, issued a communique
Wednesday night expressing “abso
lute scorn at the public sentiments
which vainly pretend to damage the
mandate of the president. ”
CAMPUS
tion facing the final test in Congress’
tax-writing committee.
The tax-cut plan lacks a federal
spending lid that President Ford in
sists is necessary for his approval.
In advance of today’s showdown
in the House Ways and Means
Committee, Chairman Al Ullman,
D-Ore., said the legislation should
survive the final votes, climaxing
months of hearings and some fun
damental questioning of the nation’s
tax structure.
The bill’s major item is a $12.7
billion plan to continue some 1975
personal tax cuts into 1976. This
amounts to an added $2.6-billion tax
cut next year compared with the
cuts in effect this year. The current
tax cuts expire at the end of this
year.
The individual tax cuts in the bill
would make permanent the 1975
law’s temporary hikes in minimum
and maximum standard deductions
and would create, just for 1976, a
new tax credit of 2 per cent of the
first $12,000 of annual income. For
example, the bill means that a single
taxpayer with adjusted gross income
of $15,000 who paid $2,549 in 1974
taxes and $2,519 in 1975 taxes would
pay $2,315 in 1976 taxes, assuming
deductible personal expenses of 17
per cent of income.
Using the same assumptions, the
bill means a married couple with
two dependents and adjusted gross
income of $20,000 paid $2,660 in
1974 taxes and $2,540 in 1975 taxes
and would pay $2,420 in 1976 taxes.
The bill also would extend busi
ness tax cuts of the 1975 law through
1980 for the 10 per cent increased
investment tax credit and through
1977 for the temporary corporate
tax rate adjustments.
The legislation would make tax
benefits for child care available to
more working parents, expand a tax
credit system for the aged, boost
taxes on higher-income individuals
STARTS
FRIDAY
C0LUMI1A PICTURES PRESENTS
A LAWRENCE GORDON Production
1 HARD
frogs
Production Services by Claridge Associates
Persky Bright-Panavision® (jRfJfaBS'
Marilyn Horne,
Soprano
Rudder Center Auditorium
8:00 P.M. Thurs. Nov. 20
Tickets - Regular 6.75, Tickets & information avail-
5.70, 4.60 able at MSC Box Office
A&M Student 5.00, 4.50, 845-2916.
3.70
/tep Into the m/c circle
Presented by OPAS
through changes in the so-called
minimum tax on the rich and curb
various tax shelters.
Nevertheless, there were signs
the package might not remain in
tact. Either the committee, the full
House or the Senate might separate
the tax cuts from the proposed revi
sions to allow fast consideration for
the cuts, thus leaving the proposed
revisions for more study later.
That would concentrate the im
mediate battle directly on the tax
cuts and Ford’s demand that they be
accompanied by a lid on federal
spending. Repeated Republican ef
forts to get the Ways and Means
Committee to go along with a tax cut
and spending lid were crushed by
Democrats.
Inter union disputes
Grad student survey
slated for December
A survey will be issued to graduate students by the Graduate
Student Council to assess interest in an inexpensive insurance policy.
The survey will be issued during pre-registration. The council is
examining several alternatives for establishing a policy should there
be sufficient interest to warrant it.
One alternative being considered is rewriting a policy that Student
Government had offered but it will be written for graduate students
only.
The CSC is also considering establishing a state-wide organization
of grad students which would be the basis for an insurance policy and
possibly a credit bureau.
In other business, Jinny McNeill was elected treasurer. A bulletin
board will be built and placed in the library for inpiit from graduate
students.
There are two positions open on the council; one for Geosciences
and one for the College of Science. The next meeting will he Nov. 19
at 6 p.m.
Teamsters cancel agreements
Associated Press
WASHINGTON — Angered
over comments by George Meany,
the Teamsters union has canceled
agreements with AFL-CIO unions
to honor each other’s strikes and
jurisdictional lines, raising the pos
sibility of interunion battles.
In a continuation of a lengthy, bit
ter dispute over representation of
Califrnia farm workers, Meany, the
AFL-CIO’s president, denounced
the Teamsters last month as un
worthy of being called trade un
ionists.
The Teamsters retaliated by re
voking long-standing mutual aid
and no-raiding agreements which it
held with 22 AFL-CIO unions.
“This is done reluctantly,”
Teamsters President Frank E.
Fitzsimmons notified AFL-CIO
union leaders in letters dated Oct.
24. He added that he was particu
larly annoyed by their silence fol
lowing Meany’s remark, indicating
they agreed with what Meany said.
The Teamsters, the nation’s
biggest union with more than two
I million members, has the resources
' to take on almost any other union in '
the country. But since it was expel
led from the AFL-CIO in 1957 over
corruption charges, it generally has
avoided raiding other unions.
Although cancellation of the pacts
opens the risk of jurisdictional raids
NEIIiNG! - >
IIHIDILIlU>
POLITICAL FORUM BAN
QUET will be held at 6:30 in room
231 MSC.
SAN ANGELO-WEST TEXAS
HOMETOWN CLUB will meet
Thursday at 7 p.m. in room 301 in
the Rudder Tower.
CIVILIAN BONFIRE COM
MITTEE will meet Thursday at 7
p.m. in room 308 in Rudder Tower.
DATA PROCESSING MGMT.
ASSOCIATION will meet Thurs
day at 7 p.m. in room 419 in Rudder
Tower.
SOCCER CLUB will meet
Thursday at 7 p.m. in room 501 in
Rudder Tower.
ALL-NIGHT CENTENNIAL
FAIR will meet Thursday at 7 p.m.
in room 504 in Rudder Tower.
WOMEN’S AWARENESS will
meet at 7:30 Thursday in room 510
in Rudder Tower.
SAILING CLUB will meet at
7:30 Thursday in room 601 in Rud
der Tower.
ASSOCIATION OF STU
DENTS FROM MEXICO will
meet Thursday at 7:30 in room 607
in Rudder Tower.
A&M JAYCEES will meet
Thursday at 7:30 in room 141 MSC.
LMT-HTC will meet Thursday at
7:30 in room 206 MSC.
MIDLAND HOMETOWN
CLUB will meet Thursday at 8 in
room 507AB in Rudder Tower.
LA MARQUE-TEXAS CITY
HOMETOWN CLUB will meet
Thursday at 7 in Room 206 MSC.
TAMU HORSEMAN’S AS
SOCIATION will meet Thursday at
7 in the Pavillion.
DATA PROCESSING MAN
AGEMENT ASSOCIATION will
meet Thursday at 7 in Room 410 in
Rudder Tower.
AMERICAN SOCIETY FOR
METALS will meet Tuesday at 7:30
in room 203 in Zachry.
SIGMA IOTA EPSILON will
meet Thursday at 7:30 in the Party
Room at Tree House Apts.
STUDENT AMERICAN VET
ERINARY MEDICAL ASSOCIA
TION will meet Thursday at 7:30 in
room 601 VMS.
- ELECTRICAL ENGINEER
ING STUDENT WIVES CLUB
will hold a Potluck Picnic Sunday at
1:30 in Hensel Park.
ELECTRICAL ENGINEER
ING STUDENT WIVES CLUB
will meet Thursday at 7:30 at 205
Quail Hollow.
MIDLAND-PERMIAN BASIN
HOMETOWN CLUB will have a
keg party Thursday at 8 at 907
Glade.
and picket line warfare. Teamsters
and AFL-CIO officials question
whether the latest flare-up will be
come that serious. They noted these
agreements were carried out
primarily at the local level and pre
dicted they were likely to still he
honored informally in most cases.
“There’s obviously a good deal of
Teamsters all over the country who
are good union people and don’t
cross anybody’s picket line, said
one AFL-CIO official. A Teamsters
official noted there was no “direc
tive in Fitzsimmons’ letter for the
locals to go out and start raiding.”
An official of the Retail Clerks un
ion, representing many supermar
ket employes, also expressed doubt
the local arrangements would he
broken. However, he warned that
“if they are violated and the
Teamsters believe they can raid
with impunity, they are wrong.
Nevertheless, the Meany-
Fitzsimmons feud has caught many
AFL-CIO union chiefs in the mid
dle of an explosive situation. These
leaders owe allegiance to Meany hut
depend on Teamster support to
strengthen their economic position
during a strike.
Fitzsimmons threatened to re
voke the agreements earlier when
Meany called on AFL-CIO affiliates
to support a boycott of lettuce and
table grapes not picked by Cesar
Chavez’ United Farm Workers. At
the time, Chavez was battling for
survival against the Teamsters.
Last month, with Chavez and the
Teamsters competing for contracts
under California’s new farm labor
law, Meany charged at the AFL-
CIO’s national convention that
Teamsters still were working in col
lusion with growers.
Sell Your Creations In Arts &
Crafts Fair. More Information
Call 845-1631.
Sue AuKema
at
Dena’s Hair Fashion
specializes in
layer cutting
frosting
& Men’s & Women’s
Hair Styling.
106 Carson
822-6034
779-0676
TEXAS A&M UNIVERSITY
TOWN HALL ^ ,
PRESENTS
Linda Ronstadt
Bonfire Special Attraction
Wednesday Nov. 26, 1975 G. Rollie White Coliseum
Everyone must
buy a ticket.
Tickets
Reserved seats $4.50
General Admission
A&M Student/date $2.50
General Public $3.50
Tickets and information available at MSC Box Office, first floor of the Rudder Tower. Open 9-4 Monday-Friday.
845-2916. No cameras or recording equipment will be allowed.