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.
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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.
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