Daily Nebraskan
Thursday, October 23, 1936
By The Associated Press
- lU' -
Page 2
Tax reform
Reagan signs tax-overhaul legislation
WASHINGTON With the stroke of several pens and a
renewed vow to oppose tax increases, President Reagan
signed into law on Wednesday a far-reaching tax overhaul
that he termed a victory for fairness and nothing short of a
revolution.
"This is a tax code designed to take us into a future of
technological invention and economic achievement, one
that will keep America competitive and growing into the
21st Century," Reagan told an applauding crowd of aides, a
dozen members of Congress and scores of corporate officials
invited to the ceremonies on the sunny South Lawn of the
White House.
The new tax plan, which Reagan put at the top of his
second-term agenda, is patterned after the one he sent to
Congress on May 1 9, 1 985: significantly lower tax rates and a
tax base broadened by elimination or reduction of several
deductions and exclusions.
Most provisions take effect next Jan. 1, although many
will be phased in gradually. The new law will cut taxes by an
average of 6.1 percent for three-quarters of Americans and
raise taxes on corporations by $1 20 billion over the next five
years.
The Tax Reform Act of 1986 will affect every person who
pays a federal income tax and sweep onto the tax rolls many
wealthy investors and profitable corporations that have
been able to legally avoid the Internal Revenue Service
through judicious use of deductions.
In Brief
U.S. begins pullout from drug war
LA PAZ, Bolivia American troops and helicopters that were sent to
Bolivia to assist in an all-out push against the flourishing drug trade will
begin pulling out this week, the U.S. Embassy said Wednesday.
At least 30 of the 174 American soldiers and three of their six Black
Hawk helicopters have flown from Trinidad to Santa Cruz, 250 miles to the
south. From there they will return to their bases in Panama or the United
States, said embassy spokesman Mark Jacobs.
Trinidad, a tropical city in the Beni region northeast of La Paz, has been
the base for the war against the drug trade. The Americans arrived July 14
and have given logistical support to specially trained Bolivian police
during raids on cocaine laboratories.
At least half of the Americans will be out of Trinidad by this weekend
and the rest will be out of Bolivia by Nov. 15, Jacobs said. They had
planned to leave by mid-September, but Bolivian authorities asked them
to stay until Nov. 15 to assure continuity in the drug crackdown.
After the U.S. troops leave, the United States will loan Bolivia at least
six Huey helicopters to replace the Black Hawks and will train Bolivian
pilots to fly them, the U.S. Embassy said.
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Soviets expel more Americans;
withdraw workers from embassy
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477-3741 474-1525 467-3561
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Wanted: Editor in Chief
A responsible individual is needed for the position of spring
Editor in Chief of the Daily Nebraskan. Applicants must be
UNL students and have a least one year of newspaper exper
ience. Salary is $700 a month.
This challenging position includes:, ,
formulating editorial policies
overseeing newsroom operations;
,hirmg e'dutDrial,Staf arid reporfJ . i
ing t,o the Publication: Poard.," ,
Applications and sample of writ
ings (preferably editorials or
columns) must be
submitted by
5 p.m. October 24.
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For further information,
contact Daniel Shattil,
Daily Nebraskan office,
34 Nebraska Union,
472-1769.
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programs and abides by all federal regulations pertaining to same.
MOSCOW The Kremlin said Wed
nesday that five more American diplo
mats must leave the country and with
drew the 260 maids, drivers and other
Soviet workers who handle the U.S.
Embassy's daily non-diplomatic opera
tions. Soviet employees may be replaced
by Americans but an overall personnel
limit placed on the embassy and the
U.S. consulate in Leningrad may mean,
for instance, that a choice must be
made between having a cook or a
diplomat.
Foreign Ministry spokesman Gen
nady I. Gerasimov announced the expul
sions and restrictions the day after 55
Soviet diplomats were ordered out of
the United States.
Gerasimov's announcement brought
to 10 the number of American diplo
mats ordered to leave in the current
exchange of expulsions, including the
army and naval attaches.
About an hour after Gerasimov's
announcements, Soviet leader Mikhail
S. Gorbachev told the nation in a tele
vised speech that Tuesday's U.S. expul
sion order against 55 Soviet diplomats
was "simply wild."
"Of course we will take reply mea
sures," he said. "Very tough measures,
so to say, on an equal footing. We are
not going to put up with such outrage
ous practices."
Gerasimov said the United States
could replace the 260 translators, driv
ers, secretaries, mechanics, maids and
cooks employed in the Moscow and
Leningrad missions only with Americans.
He said the total number of staff
members must not exceed 225 at the
embassy and 26 at the Leningrad con
sulate, the limits imposed on the Soviet
Embassy and consulate in the United
States.
Gerasimov said four diplomats from
the U.S. Embassy and one from the
consulate were ordered to leave by Nov.
1, the same deadline given five other
U.S. diplomats on Sunday and the 55
Soviets by the State Department on
Tuesday.
They were accused of "impermissi
ble activities," Gerasimov said, but
added that their expulsion was a rea
ponse to "anti-Soviet actions" by the
United States.
Suicide fails; man savors life
st
SAN FRANCISCO Kenneth Bald
win knew suicide was a horrible mis
take the moment his hands slipped
from the railing and he plunged off the
Golden Gate Bridge.
But luck gave him another chance,
and the man who beat the 100-1 odds of
survival says he's "thrilled to be alive"
and urges others contemplating sui
cide to give life another chance.
Depressed about his "dead-end"
draftsman job and failure to capitalize
on a psychology degree, Baldwin, 29,
had been contemplating suicide for
about a week before he made the 249
foot jump on Aug. 21, 1985.
Jumping was the most appealing
method because "it wasn't messy,"
Baldwin said. But he also wanted to
make a statement to the world. "Hey,
look, you treated me really badly, that
this is what you get for it."
Baldwin walked to the center of the
span, grabbed the rail and vaulted over.
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Gene Gentrup
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ALL MATERIAL COPYRIGHT 1936 DAILY KEBRASKAN
"I panicked when I pushed off and
saw my hands leave the guardrail," he
said. "I instantly knew I had made a big
mistake."
The impact with the water after a
three-second fall at 75 mph has been
likened to a speeding car crashing into
a brick wall.
Baldwin, who had quit his high
school swim team because he was
afraid to jump from the 3-meter board,
said he blacked out before hitting the
58-degree water. He suffered only badly
bruised buttocks, a cracked rib and a
bruised lung. Doctors believe he hit the
water in a modified vertical position
that let the lower part of his body
absorb the blow.
"I want other people out there who
may be planning their own suicide to
understand'that nothing is worth tak
ing your life, because when you are
dead there is no hope, no possibility."
U.S. gold coins
sell out; dealers
postpone sales
WEST POINT, N.Y. Buyers spurred
by "Patriotic fervor" snapped up the
initial 800,000 American Eagle coins in
two days, and officials were scrambling
Wednesday to increase production of
the nation's first gold legal tender in 53
year's. '4-' ?'" .
"They were going like hotcakes and I
think it's great," said Clifford M. Barber,
superintendent of the West Point Bul
lion Depository, the only facility mint
ing the coin. The depository has been
functioning around the clock, seven
days a week since Sept. 8, when the
first coin was struck, Barber said.
Some of the 25 dealers around the
world authorized to distribute the coins
attributed the rapid disappearance of
their inventories to surging U.S. patri
otism and the allure of a sure investment.
Other reasons cited by dealers for
the coin's attractiveness were the sta
bility of the U.S. economy, the strength
of gold as an investment and controv
ersy surrounding the South African
Krugerrand because of that country's
apartheid system of racial discrimination.
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