Tax cut
planned
by Ford
- WASHINGTON (UPI) ,
President Ford met
yesterday with a half-dozen
- , )1 top economic advisors to
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P.S.O.C.
=
E Equestrian Division E
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E will meet Tues., Dec. 14
? at 7:30 PM in
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111 - An. In. Bldg.
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A film "On the Fifth Day"
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= will be shown. E.
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WRITERS • ARTISTS
PHOTOGRAPHERS
Gain Valuable Experience With
THE PENN STATE ENGINEER
Meeting Tonight 208 Eng. Unit D:
Thurs-Sunday 121 Sparks
Dec. 16-19 7:30/9:00/10:30
THE LIFE
& TIMES Or,A•a.
I XAVIERA ----- 4V,,v
[HOLLANDERN\- -, -el ,7 -
. Rated XX. . . You must be 17
'-' :4 •4 ,
The BEST In on•campus entertainment, a JEM production for USG
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• 'wooEptAL ' .,-
LEN) I ! • • • •
•THE.FRO fH ` Hearts •
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Man Bate -
egeisßY•aftiatiTtmiri Fift;ruse • ALL. SEATS $l.OO
•
• Si Mat. Thurs. 2:30 1 • STARTS . TOM . OR . ROW!
MOVIES" • G
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CINEMA 2
116 Holster SI,/237.7667 Weekdays 7:30 & 9:30
91,000 People. 33 Exit Gates... One Sniper.
TWO-MINUTE WARNING El
A UNIVERSAL PICTURE
work out details of a $lO
billion tax cut he will propose
next month, primarily to ease
the burden on Americans in
the middle-income bracket.
A spokesman said Ford
hoped Congress would con
sider the plan, even though
Jimmy Carter will be making
his own recommendations
after taking office Jar,. 20.
Press Secretary Ron
Nessen, rejecting a reporter's
suggestion that the steps
would be "just short of a
lharade." •id Ford
them as "very important."
He said Ford was making the
decisions with the same
"dedication and hard work
and long houis as any other
major proposal over the last
two and one-half years."
Ford thinks a tax cut "is
needed because of equity to
the taxpayers, primarily in
the middle-income group,"
Nessen said. "That's his basic
commitment."
Ford said during the
campaign against Carter that
he would propose the cut.
University
Theatre
and the 15 O'Clock
Dept. of
Theatre aywrigfite
and Film
Theatre
present
Ford sent a $lO billion tax
cut proposal to Capital Hill
last January, but it went
nowhere partly because it
would have required an equal
reduction in the growth of
federal spending. .
Nessen declined to .
say
whether the new plan will
carry that requirement, but
said Ford is "publicly
committed to a $lO billion
cut" in taxes and will
recommend a budget
stressing "restraint in
government spending."
Economists confer prior to oil summit
DOHA, Qatar (UPI) Oil economists studied technical
problems yesterday in preparation for a petroleum summit
that could raise the world's fuel bill by $l2 billion or more.
The economists and technical experts conferred on
recommendations to put before the ministers when the
Organization of Petroleum Exporting Countries summit opens
tomorrow.
Officials said members of OPEC's economic commission
discussed price differentials the varying amounts charged
for oil according to its sulphur content, viscosity and distance
from markets.
The standard OPEC price of $11.51 for a barrel of 42
: ..i.... .. 1 0 \
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Register items:
December 13-17 (Mon. -Fri.)
_ January 3-7 (Mon.-Fri.)
in Room 203 A HUB
11 am till 4 pm
lirti2i
1&:1=&;=
The Daily Collegian Tuesday, December 14, 1976
American gallons is based on Arabian light crude oil. If the oil
ministers decide to raise the price by 10 per cent the in
crease considered most likely it would add an estimated $l2
billion to the world's annual bills, according to U.S. official
figures.
Disputes over differentials have been among the greatest
threats to OPEC's unity. Some members have accused others
of misusing the differential formula to undercut the posted
OPEC price.
Saudi Arabia, the world's third largest oil producer after the
Soviet Union and the United States, is on record as wanting no
more than a 10 per cent increase.
THAT
DI kill
Herp's your chance
to sell those dust-collectors
at the
Flea Market days:
Tuesday-ThurSday
January 11 -1 3
HUB Ballroom
9:30 am-4:30 pm
isitlitititiltiliiiil
USG
E•••••• ••"..
ON.
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