DUCATION a n ii RESEARCH COMMUNITY
^ -k -k -k -k
—Morningstar ratings for
the CREF Global Equities Account,
CREF Equity Index Account,
and CREF Growth Account*
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AAA
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rating for TIAA**
“...America’s
Top Pension Fund.”
-Money Magazine, January 1998
-William Ravdin, TIAA-CREF Participant
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MONEY MAGAZINE AND BILL.
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Monnnp.star proprietary ratings reflect historical risk adjusted performance and are subject to change every month. They are calculated from the account's three
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IftntlRT of Domestic Equity
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The Battalion
State
Page 9 • Thursday, September 3, 1998
Sharp proposes tax exemption
Candidate pushes for limited moratorium on clothes, school supplies
EL PASO, Texas (AP) — Lieu
tenant governor candidate John
Sharp proposed a limited state
sales tax moratorium Wednesday
designed to give some of Texas’
projected $3.7 billion budget sur
plus back to taxpayers.
The proposal, which would go to
the Legislature in January if Sharp
wins in November, calls for all cloth
ing under $50 and school supplies to
be exempted from the state’s 6.25
percent sales tax for two weeks be
ginning Aug. 15, 1999.
Texans would save an estimated
$80.3 million as a result — more if
Texas cities agree to waive their 2
percent sales tax for the same peri
od, said Sharp, a Democrat and the
state’s comptroller.
“This is the way that you can get
it (the surplus) back to the average
families who created the surplus,
by paying taxes to begin with,”
Sharp said while attending several
events in El Paso.
The exemption accounts for only
about 2 percent of the total surplus,
the bulk of which Sharp said he
wants to go toward school funding,
including teacher pay raises.
A spokesperson for Sharp’s Re
publican opponent, state Agriculture
Commissioner Rick Perry, said Per
ry will support a larger package of
consumer tax cuts Gov. George W.
Bush plans to announce Thursday.
“Those tax cuts will be about
five times larger than those dis
cussed today and make life more
affordable for Texas families,” said
“This is a way that
you can get it (the
surplus) back to
the families who
created the surplus
by paying taxes to
begin with”
— John Sharp
Candidate for lieutenant
governor of Texas
spokesperson Ray Sullivan.
Perry’s own proposals for using
the surplus include cutting taxes on
small and start-up businesses, state-
funded pay raises for specially-
trained reading teachers and funding
of after-school centers where volun
teer groups and others offer mentor
and athletic programs.
Sharp said his proposal would
be one of the few direct ways to re
turn money to working families.
He said the suggested late sum
mer period would coincide with
the time when most families are
buying back-to-school clothes and
school supplies.
An added benefit of the plan, he
said, is the surge of business it would
create for Texas retailers, particular
ly in border cities where the mora
torium is expected to attract buyers
from other states and Mexico.
Business owners already look
forward to the plan, said Mickey
Moore, president of the Texas Re
tailers Association.
“I’ve discussed it with a small
number of our members and it’s
been very enthusiastically re
ceived,” said Moore.
Retailers say they want detailed
definitions of exemptions to elimi
nate confusion and hope Texas cities
also offer the exemption, he said.
Moore noted similar plans have
succeeded in Florida and New York.
“We think it would greatly stim
ulate sales during that period,’’ he
said. “The experience in New York
has shown that.’’
Also Wednesday, Perry picked
up the endorsement of the Texas
chapter of the National Federation
of Independent Business.
Poll: Republicans lead most races
AUSTIN (AP) — A new Texas Poll
shows Republi
cans leading in all
but one of the ma
jor statewide races.
But while the
poll said that Re
publican Gov.
George W. Bush
enjoyed a 67 per
cent to 20 percent bush
lead over Democ
rat Garry Mauro, survey results
published today showed no other
Republican in a nonjudicial
statewide with the backing of
more than 38 percent of the re
spondents.
The only front-running Democ
rat is attorney general candidate
Jim Mattox, who was attorney gen
eral from 1983 to 1990, according
to the poll.
The survey found Mattox leading
Republican John Cornyn, a former
state Supreme Court justice, 48 per
cent to 29 percent, a healthy increase
over the nine-point edge Mattox en
joyed in a June Texas Poll.
Mattox and Cornyn are vying to
replace Democrat Dan Morales,
who is not seeking re-election.
The Scripps Howard Texas Poll
was conducted by the Office of
Survey Research at the University
of Texas from Aug. 12 through
Aug. 27.
Poll results reflect answers
from 718 respondents who identi
fied themselves as likely voters.
The margin of error is 3.7 per
centage points.
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jdlth M. Ball
alhobiology
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idlth M. Collins
sychology
ihn A. McIntyre
nysics
nrlan Scully
lyslcs
strlcla Griffin
3lltical Science
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angeland EcologyS^'^
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sal Estate Center
>uls Hodges
screation & Parks
trson E. Watt
screation & Parks
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chael Greenwald
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artin Medhurst
leech Comm S Theatre*
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leech Comm S Theatre 1
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Miles Marks
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terinary Medicine
ren Skow
terinary Medicine
chael Willard
terinary Medicine
hn W Huff
terinary Microbiology
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terinary Pathobiology
ivis Small
terinary Pathobiology
mes E. Womack
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Ties G. Anderson
rerinary Physiology
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rerinary Physiology
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iowerful functionality
vith features such as
dropdown
menus,
split screen
mode,
symbolic
manipulation
vith pretty print, 3D
graphing, and text editor.
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Adding the TI-92 Plus
Module takes all that
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1 deSolye^y 1 1 =y,x,y)
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i of Texas A&M U*;
i and women oiw 1 -
Advanced Mathematics
Software including
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27.6 _n ► _ft 98.6 -ft
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'.c 299792438.13 • ■
^3 Texas Instruments Incorporated IH161998B
You can buy the TI-92 at
your college bookstore or
local retailer. The TI-92
Plus Module can be
purchased from our on-line
accessory store, or by
calling 1-800-TI-CARES.
Texas
Instruments
Free Lunch
With Dr. J. Malon Southerland
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• Luncheons are held in the Memorial
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• There will be open-ended informal
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• This is a great chance to interact with
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Name
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