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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (Oct. 22, 1986)
Page lOAThe Battalion/Wednesday, October 22, 1986 Marines We’re looking for a few good meti. Captain R. Mahany Class of ’77 846-8891/9036 40% OFF ® descente Clothing 20% OFF all other clothing In stock We service all makes Professional Sales & Service’ We carry: miyatra 110 College Main Northgate Qian chi 846-BIKE N C a f\| C E R FREE ADMISSION THE GROVE • THURS. OCT 23 ■ FREE REFRESHMENTS 8 : 00pm CAMPUS CRUSADE TOR CHRIST f jffioUNTING Will Host: ISOCIETY THE OFFICE VISIT MEETING” October 22 7:00 p.m. 701 Rudder Guests: TOUCHE ROSS & CO. and TENNECO Reception Following Applications now available MSC Hospitality presents The 1987 Miss Texas A&M University Scholarship Pageant • • 1 applications in 216 MSC applications clue Friday Oct. 31 requirements TAMU Student screenings Nov. 8 & 9 a preliminary of The 1987 Miss Texas Scholarship Pageant Battalion Classified 845-2611 Stocks mixed as traders await figures Warped by Scott McCulcj NEW YORK (AP) — Stock prices were mixed Tuesday, as many trad ers moved to the sidelines to await Wednesday’s release of a key indica tor of the nation’s economic pro gress and the results of the OPEC meeting in Geneva. The Dow Jones average of 30 in dustrials slipped 5.34 points to close at 1805.68, as volume on the New York Stock Exchange totaled 110 million shares. Advancers outpaced decliners by 784 to 715, while 487 were unchanged. Analysts said traders were preoc cupied by the government’s pending report on the third-quarter growth of the gross national product. Many economists anticipate that the figure will reflect an expansion of about 2.5 percent. Analysts said a higher figure would make higher near-term inter est rates likely, which would put downward pressure on stocks. MR. HARR1S0/V, I'VE- GOT A PROBLEM WITH THIS PACKAGE. FROMONEofoo* BANK PATR.oys, pAUL ^TOKM, ^£,...08... GENTLEMEN 4 LADIES OF MV LOCAL BANK’. ^V ACCOUNT ...sox hekebv ctose OUT MV ACCOUNT ANP ‘IN THIS Waldo In Geneva,the Organization of Petroleum Exporting Countries reached a new accord limiting pro duction to strengthen oil prices. WASHINGTON (AP) — When the cheering stopped and the 99th Congress became history, football fans at Louisiana State University and the University of Texas found themselves doing high-fives over a special tax break. But their tax advantage, involving full deductions for gifts to their uni versities’ athletic scholarship pro grams, is likely to be as brief as a first-quarter lead in a closely fought game. Competing schools are crying “foul,” the two universities are tell ing their fans to forget it and con gressional sponsors are ready to drop it. All of a sudden, it’s the tax break that nobody loves. It is one of hundreds of special-in terest provisions in the landmark tax overhaul bill that President Reagan will sign into law today, and it’s a textbook example of the unscientific way that federal tax laws are written. There are other examples. Sen. Charles Grassley, R-Iowa, worked diligently to win a special tax provision worth $8.5 million to ben efit a home-state company, Ruan Transportation Management Sys tems Inc. The Senate approved it as part of the tax bill. House-Senate negotia tors knocked it out. But Grassley prevailed. The provision will be- Athletic tax break for UT, LSU predicted to be temporary come law, although not as part of the tax bill. It was tacked onto a budget balancing measure. Sen. William Armstrong, R-Colo., originally won an amendment allow ing a handful of investors in a New Mexico coal operation to keep pref erential treatment of capital gains, although the tax bill ends that break for all other Americans. Negotiators killed the $2 million provision, but it still will become law- today. A typist erroneously left the benefit in tne 879-page hill, and a companion measure correcting that and hundreds of other mistakes in the legislation was lost in the shuffle when Congress adjourned Saturday night. That’s also why the special benefit for contributors to athletics at LSU and UT remains in the bill. In 1984, the Internal Revenue Service issued a ruling which, though totally logical to tax authori ties, was as welcome to football fans as a moocher at a tailgate party in the stadium parking lot. The IRS held that a fan who makes a contribution to an athletic scholarship program and, in return, is given the privilege of buying pref erential seating for home football games, may deduct only a portion of the gift. T he IRS reasoned that the priv ilege of buying seats on the 50-yard line is worth something. So, the rul ing goes, if you give $500 and the privilege of buying prime seats is worth >200, you may lake a tax de duction for only $300. Colleges and their fans demanded a hearing before the IRS. Bills were introduced in the Senate and House. But the IRS stood fast. Two influential tax-writers. Sen. Russell B. Long, D-La., and Rep. J.J. Pickle, I)-Texas, were among those who tried to overturn the ruling. Sen. Bob Pack wood, R-Ore., and Rep. Dan Rostenkowski, D-Ill., man agers of the tax bill, made clear they would not let that happen, but they threw a bone to Long and Pickle. HUNTSVILLE (AP)-l ronmentalists chained then to trees and a giant T uesday to protest the 111 est Service’s plan to titan burn areas damaged b) tseetles. At least three prt were arrested. More than a dozen mtmlz!'’ Earth First, armed withapud some chains convergedon pa- Sam Houston National ta where a 52-ton tree<nisht:>: mowing down trees. "We want to stop the dos lion of forests," Pat Ellis la said after she and her hnsffl Chuck chained themsehtsti tree. "This is public land As a result, the final version of the tax bill retains the IRS ruling — ex cept for those who contribute to LSU or UT. If they give $500 and get a sealing privilege worth $200, they still may deduct the f ull $500. Some of Pickle’s constituents re minded him that their football taste runs more to Texas A&M or to Southern Methodist University than to UT. “He tried to drop it out as a result of some of the complaints," Pickle spokesman John Havens said. “He’s introduced a bill to get it for everybody.” Earth First membersmtrt testing the Forest Senictsi sion to cut down trees whet beetles have struck and!M them with a substancesomI likened to napalm. Hit. healthy trees and wildliftart ing sacrificed in theproctsi. Group spokeswoman Br: Dugleby said, "There’sstill: tact forest there. Thev sbo maintain a diverse foresi: i Olio wound, an utioi 7-11 sic earK W won’t invite more pint te back." College John Kennes Pavt been ,u Representative denounces housing in action ravated ; WASHINGTON (AP) — U.S. Rep Henry B. Gonzalez lashed out at the Reagan administra tion and the Republican-controlled Senate on Tuesday for failing to pass comprehensive hous ing legislation during the 99th Congress. “Problems in this or any other country cannot be solved by inaction,” said Gonzalez, D-San An tonio, who chaired the House subcommittee on housing. As chairman he guided a bill to House passage that would have provided for increased nousing grants, only to see it die in the Senate. “My counterpart in the Senate promised in December 1985 to act on housing legislation if the House would back off its efforts to negotiate a compromise bill,” Gonzalez said in a statement. “We backed off; the Senate did nothing.” Gonzalez called the Senate’s inaction on hous ing an arrogant disregard for the nation’s “clear and growing crisis in housing,” and asserted the inaction was rooted in racism and political ma neuvering. In San Antonio, a serious low income over crowding problem is being compounded by a shortage of rental housing for low income fami lies, Gonzalez said. At least 10,000 households are waiting for affordable housing, he said. tempted capi |: Coleman ( Itole, said i Wednesday i ■nginasks cai The Reagan administration helpd I He said oi about the looming housingcrisisbymtitJ'im while tw ing construction funds to help fund attcii m e "ther 7- defense buildup and carry on a covenw vaiJ l | caragua, Gonzalez said. M| ne (, l di "They could get SI00 million tor!:t ' vau l | with (anti-Sandinistas) fighting in Nicarapu,*! 0 ^ 1 startei couldn't get $60 million forthepoorratM st< ?K‘, he said try," Gonzalez said. ^■omu i s.i Housing programs have shrunkby6::(j inonev <)Ul < since 1981, and for fiscal 1987 the was I located to provide housing assistancei!^WS ome1 'wml p<i< cut less than last year’s level, Gon/aWfe" ^ l,n 111 1 '-■ | P.the susj),’( ^Bhe custo Undercover ‘bum’ helps draw out alleged arson ring ^ CU P of coffee FORT WORTH (AP) —“Dirty Mike” said he didn’t like wearing a dress, so he switched to a scraggly beard and looked like a bum. The result was the arrest of six teen-agers in an alleged arson ring that had terrorized a neighborhood here for a year and a half. “Dirty Mike” was arson investiga tor Lt. Mike Price, who went under cover to try to figure out who was setting fire to houses, cars and trees. Price said Tuesday he dressed as a woman and as an old man during a two-week undercover operation that brought about the arrests of three 17-year-old adults and three juve niles. He said he wore the dress for 20 minutes one night and the old- man disguise for several hours on two subsequent nights. “I thought somebody I had con fided in in the neighborhood had squealed on me,” said Price, 32. He said he wore the disguises to see if the arson ring knew he was in the neighborhood. “It turned out they didn’t,” he said. He said the arrests were made in late September and early October. Two 14-year-olds and a 15-year-old are in the custody of their parents and are charged with delinquency- arson, Price said. The 17-year-olds are in the Tar- anything to 1 rant County jail on aroii'Thad ihe'tnm < Their bond has been setaiill; yj e s . ( ’j ( | () the investigator said. "Ttitri1ii ec j t | ie cus been a suspicious fire sin«-[leave, so he Price said. and took hit in a walk -in c Price borrowed a long»J; At about white dress from his wifelLloistomer cat nally had belonged to his# jnersaid. The Because Price didn’t lilt'’feng on, we the dress, that disguise s plice, Conn< long. JB|e said th rived Pre-Game Party Meet Senator Phil Gramm Congressman Joe Barton State Representative Richard Smith Sponsored by Aggies for Barton Sat. Oct. 25 301 Rudder 12-1:30 pm Admission $1. 00 Tickets available at the door or call 764-1986 Haled takin from door at ; “Hr had n said, “and o 6king cigare Ipolice car p !?■ Most x )\ Wednesday pat' must 1 4,he 260 nu Workers \vli< Jlynon-dipi, Soviet en ricans placed on tli Anuri ate[in Lenii that a choice Door Prize: Hot Air Balloon Ride pd. political advertising by the Cong. a cook or a d | The Soy it ployees in fc Barto^ embassy anc