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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (March 1, 1984)
Thursday, March 1, 1984/The Battalion/Page 9 p Trade deficit grows os import rate soars IS: A meeii Power. ^ill behet ion, head United Press International T ASSOC WASHINGTON — The na- ducteil in an’s trade deficit expanded to die San Jau record $9.5 billion in January, bat is a G bitter loss for farmers and Celeste at 1 ahufacturers who compete lation ith imports, the government lirouuh : id Wednesday, ration is Si The deficit was more than $1 lion worse than the previous cord of $8.4 billion set last T. ;»>"■ If anything, the January fig- •es suggest that the gap in the IN The B; dues of what the United States 'acrish lys from other countries and hat it sells abroad could ex- 17 p ln ed the $110 billion forecast by leCommerce Department for )84. iiss this wtdB 'tei ling T, I f or more It is going to be a “tough year” for trade, William Brock, the Cabinet-level trade official in the Reagan administration, told Congress after the figures were released. “We were bound to start up fast the way the economy was moving,” Commerce Depart ment trade economist David Lund said. He conceded, how ever, that the figure was worse than even pessimists in the de partment expected. Imports totaled $27.8 billion in January, the highest total ever, as imported cars, tele vision sets, machine tools and steel helped boost import pur chases 15.7 percent over the December level. Had it not been for the surge in imports, the 5.9 percent in crease in exports for the month would have been encouraging. Despite a $637 million set back in aircraft business, export sales totaled $18.3 billion, what Lund called “the nicest rise ... in a long time.” Panels working on deficit cuts United Press International WASHINGTON — The Senate Finance Committee, working on a $100 billion deficit-reduction package, considered Wednesday let ting the Internal Revenue Service hire private agencies to collect past-due taxes. The panel also studied a proposal to apply tax refunds directly to other taxes owed by a taxpayer before sending a refund check. In the House, the Ways and Means Committee worked on a tax package of its own to bring the govern ment’s income closer to its ex penditures. It hopes to in crease revenues by $50 billion in four years. The proposals to use pri vate collection agencies to glean delinquent tax pay ments and to withhold any back taxes from refund checks were recommended by the Grace Commission, a panel of business executives President Reagan asked to come up with money-saving ideas. Finance Committee chair man Robert Dole, R-Kan., suggested changing IRS rules to allow use of collection agencies would help make sure the government gets the money to which it is entitled. Assistant Treasury Secretary John Chapoton,/ however, warned that using collection agencies might hurt the image of the IRS and reduce compliance with tax laws. “They (the private agen cies) would use tactics that we wouldn’t use,” Chapoton said. Sen. Bill Bradley, D-N.J. expressed concern about how such a move would affect the public attitude toward com pliance with tax laws. “The question is are we going to shoot ourselves in the foot,” he said. The Grace Commission es timated $1.7 billion could be saved by using private agen cies to collect overdue taxes, but Chapoton said that would be offset by an undetermined amount to pay for the agen cies’ services. ^jimiiiiiiiiiiiiiiiiiiiimiiiimiiimimiiiimiiiiiiiiiiiiiiiimimiiiiimmiiiiiiiiiiiiiimiiiimiiiii(H HE awards $25,000 o College of Education ty be enw ridav troic cs( h Maid ^ irniatkm, ckH T Universtiy News Service ffexas A&M’s College of Ed- 1,1,1 H1 ' ation has been recognized by in. m t cnera | Telephone and Elec- onits for excellence in ihe crit- ■ nuitsfi al area of training math and K takri ience teachers, l Frida)'. liM tman a; ?' In providing a $25,000 grant, TK officials said they were interMld® aset * 10 * tnow t * ial Texas .ScM has continued to place an raphasis on the training of tea- - ‘ , 1 , hers, especially in the critical ore ii B ^ na ^ e areas of math and sci ' net:.” ^ f-ilrms A&M was one of 11 , ' diversities to recieve the grant :i ifc-ecognition of outstanding ■grams in math/science tea- -STUDENher training. The selection x- mrnjui TOcess was administered by the heads wiil® OCATIOf ■lc at the Sul adline lor ■ p.m. in /'I ire informs nterested | tit emrio Depart roo Mice, ZaA"' Ices), and nation, deadline fc e being ur names! new Sc!)# nformatioi 1 American Association of Col leges of Teacher Education. Dr. Dean Corrigan, dean of College of Education, said the t ram will be added to the cholar Loan Program which was begun last fall to encourage and provide financial assistance to outstanding students who choose a career in teaching math or science. Corrigan said the $25,000 f jrant brings the total for the oan program to more than $200,000. “This (grant) is another indi cation that the collaborative program we have under way with the College of Science is being viewed as one of the out standing programs in math and science teacher training in the United States," he said. WlLLO Oaks Tired of Roommates? Live Alone in Comfort. Efficiency *225.°°' Deposit - $ 75.00 Call for appointment 846-7996 MSC ARTS COMMITTEE PRESENTS EFFICIENCY •432 BF Manayed by Brentwood Properties 43 3902 East 29th | iiiiiiiiiiiiiiiiiiiniiniiiMiiiiiiiiiiiiiiiiiiinnmiiniiiiiiiiiimiiiiiiiiiiiiiiiiiiiiiiiiiiiiimiiiiiiiiini^i ★JURIED STUDENT ARTS COMPETITION -ENTRIES ACCEPTED DURING MARCH 19-23, ENTRY FORMS ARE AVAILABLE IN THE MSC GALLERY. ★ EDIBLE ART CONTEST? BITE IT! . DETAILS COMING SOON. FOR MORE INFORMATION CALL 845-1515 PANT-HER SPECIALS! SPRING WARDROBE-BUILDERS AT BUDGET-STRETCHING PRICES '3THL-0rp. . 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