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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (Nov. 20, 1981)
•■IIMHIHII Page 8 THE BATTALION FRIDAY, NOVEMBER 20, 1981 Local / St Reaganomics will be * success, local CPA says Warped By Scott McCull at DIP you KNOW THAT IF 00R BANK N\AKES A FUSTAKE IN 00R ACCOUNT* IT CHAAetS US TO CORRECT IT? YEAH. THE"/ TELL FIE THE? F\APE A SIS' ERROR. WELL I'M NOT 6OIN6 TO PAy FOR IT... ...I’FI CHARGING THEM A SERVICE CHARGE FOR MY TROUBLE, AND BEST OF ALL... By DANIEL PUCKETT Battalion Staff Once the Reagan tax program takes full effect, it will revive the American economy, a former chamber of commerce president said Thursday night. And in Brazos County, the program will contribute to the economic boom, Jim Ingram, for mer president of the Bryan- College Station Chamber of Com merce, said at the Aggieland Inn. Speaking to about 35 members of the Chamber of Commerce, Ingram said the new tax law will bring a return of prosperity. He is a partner in the certified public accounting firm of Ingram, Wallis and Co. The new law, the Economic Recovery Tax Act of 1981, will jolt the economy by encouraging the accumulation of capital in the pri vate sector. And putting more money in private hands for invest ment will relieve the present mild recession, he said. The recession, Ingram said, is due to businesses adjusting to high interest rates, and not to any defect in the Reagan economic program, in effect since Oct. 1, he said. As it comes into effect over the next few years, Ingram said the new tax structure will encourage capital formation in the following ways: — The lowering of all income tax rates and tie reduction in tax disadvantages fir married couples will permit both couples and indi viduals to retain nore of what they earn and to save nore. — The reduction in the max- imutn tax rate fromTO percent to 50 percent will enco\rage those in upper tax brackets t> invest and earn more money. — Changes in cepreciation schedules will allow bisinesses to recover the cost of theirourchases more quickly, thus puting more money at their disposal fir invest ment. — Drastic reductions k estate and gift taxes will permi more small businesses to remainintact after the death of their own;rs. The effect of these chaiges, Ingram said, will be to strenghen private enterprise and allow t to expand rapidly. “If the United States is to s«c- ceed economically, the privae sector must generate addition! capital,” he said, adding that thi Reagan tax program was the only way to do the job. However, Ingram said, while the rest of the country may be in poor economic condition, Texas has a strong economy which is re latively immune to the present re cession. ...I'h GONNA TELL 'EM WHAT SLOT THEY CAN STICK THEIR "CONVTOCt BANKING CARP " |N.., Houston station political ad rate challenges regulation United Press International AUSTIN — A federal court will be asked to rule in January on a suit that could fatten the revenues of radio and television stations throughout Texas and almost dou ble, in some instances, the already skyrocketing cost of political cam paigns. Television station KVUE, in vhat many consider a move on ichalf of all Texas broadcasters, is Qallenging a provision in the Txas Election Code that requires raho and television stations to charge lower rates for political advertising than it does for regular commercial ads. KVUE refused to sell advertis ing concerning a nuclear referen dum in November for political rates, choosing instead to chal lenge the constitutionality of the provision and charge commercial rates for the pro- and anti-nuclear ads. IAREZ TEQUILA above the rest GOLD OR SILVER IMPORTED & BOTTLED BY TEQUILA JALtStO S.A. ST LOUIS. MO. 80 PROOF The station has filed a suit in U.S. District Court in Austin, and contends the provision requiring stations to sell political advertising at reduced rates makes them, in effect, unwitting contributors to the political campaigns. U.S. District Judge James Now lin refused to issue an injunction preventing prosecution of KVUE for violating the election code, noting the station would have no occasion to accept or reject politic al advertising before the case is heard on its merits Jan. 18. “They (KVUE) have acknow ledged they are essentially a stalk ing horse for the Texas Association of Broadcasters, and there is no question that if they prevail every radio and television station in the state will adopt the same policy,” said Dave Helfert, a partner in a public relations firm that first en countered KVUE’s new policy on issue-related political advertising. Helfert said a 30-second politic al spot which cost $180 during a bond election campaign in August suddenly cost $375 in the nuclear campaign after KVUE decidcdl charge commercial rates fori ads. Federal laws requiring lira casters to charge lower rates! political advertising applyonl elections involving candidi: and then only in periods 45 before primaries and 60 day: fore a general election, HeS said. But the state law on the subject makes no different between elections involving didates and those on issues, requires the lower politicalii to be charged any time advertn wish to advertise. That also is a point in the 1011 suit — that the state should regulate the broadcast indush Change of venue sun in Martin perjury cast United Press International AUSTIN — State attorneys seeking to convict Rep. Mike Mar tin, R-Longview, on charges of aggravated perjury have dropped their official objection to moving the trial out of the capital, but say they still think Martin could re ceive a fair trial in Travis County. Martin’s attorney’s requested a change in trial sites for the case last week, citing intense publicity surrounding the case that they contended ruled out his chances of getting a fair trial in Austin. The change of venue request was to be considered in a pretrial hearing set for Thqrsday. Bill Willms, the assistant dis trict attorney prosecuting the case, initially said the state would oppose the move. But Wednesday piiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiHiiiiiiiiiiiiiiiiiiiiiiiiiiiiiimiiiiiiiiiiiiiiiiiiiiiiMiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiimiimiiiiimmiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiitt Juniors and Seniors TAMU Theatre Arts Departments PRESENT! get shot:: for AGGIELAND ’82 All juniors and seniors A-M- today to Nov. 25 rimers eldritch 8 : 00pjn. Tickets on sale a Rudder Box Office and Door *2.5° for students *3.5° for others for a buy San A _ eros sai 'Preside] Un HOUS lecides t Much of the publicity abo- south Ti case has stemmed from M# explanations for the shooting have to _ tially, he blamed the attadNHouston satanic cult and later said his tical enemies were behind# cident. Austin attorney Maloney, who is repress utility — Martin, had subpoenaed46” project hers of the Travis Count) 1 [Christi e edia to testify at the ptf hearing. In the subpoenas he as! they bring in videotapes, r® for buy ings, printed stories, editor# neros ss toons and letters to the editor cerning the Martin case Willms predicted I change of venue would furt^ lay Martin’s trial date, whir rently is set for Dec. 7. not buy The very he; SeiaSoi** W-Z IVov. 30 - Dec. 4 Yearbook Associates Studio Culpepper Office Park, Suite 140 (Off Puryear) PURYEAR 111 £ cc Q * z s CULPEPPER OFFICES SUITE #140 SAFEWAY CULPEPPER PLAZA EXXON O CO > < z o z Daily 8:30 a.m. through 5 p.m Questions? Phone 693- BANGKOK FLU STUDY VOLUNTEERS Blood Sample $10.0(1 If you were in last year's flu study, we want a follow-up blood sample Please come to one of the following places. Monday, Nov. 23, 1981 Beutel Health Center Commons Lounge Corps Lounge D, Monday night al INTEJK ence Rudd III AN Toge sents Patti fillin' MSG 4 7:30; midn MSG I Rudr CHI A INTER] partv COMA for si TAMU A&N MSC MSG E 10 p MSC ( t.u. A&M Asso 10 a MSG I grad rams busi tage FLOR CLI TAM l by 4 MBA I MB, Rud he said he would let the ch: venue he granted withoutop| tion. According to Willms, then decided not to file “controvi affidavits’ arguing that M: could get a fair trial in Ausfc not filing the affidavits, the of venue will be granted a tically, Willms said. Martin* is accused of lying Travis County grand jury asked if he planned andstagei own shooting July 31. Martii nied that charge duringhisf L: jury testimony and several later was indicted for aggro perjury. According to police, wounds Martin suffered in attack outside his trailer hi were inflicted by his on Charles Goff. Goff told polict he and Martin staged thesh# to further Martin’s career. Goff is one of several p subpoenaed to testify durinf pre-trial hearing. CATH p.m MARI sgiv on 1 MSC, : 7:3( TAM I 2p. UN IV per Col H N Cisn« cussion betweei ingfron an optic For is, they this tim not hav got to p •ng mo: Austi thorize pull ou percen behind nio ha: project 9 a.m. to 4:30 p n 1 9 a.m. to 8:30 p 7:30 p.m. to 9 p n 1