4 —The Daily Collegian Thursday, June 2G, 1986. state/nation/world Tax overhaul to protect middle class By JIM LUTHER AP Tax Writer WASHINGTON, D.C. - Three weeks before congressional negotia tors begin writing a compromise tax overhaul plan, the top item on their, agenda has been set: protect the middle class. ( “How we treat middle-income fam ilies is going to be probably the most important” issue for the Senate- House conference, Rep. Dan Rostenkowski, D-111., chairman of the tax-writing House Ways and Means Committee, said yesterday. “I think the House bill is a bit better in that area,” Senate Majority Lead er Bob Dole, ( R-Kan., volunteered. Appearing’ with Rostenkowski on ABC-TV’s “Good Morning America” program, Dole stopped short of say ing he would like to see negotiators depart from the tax-rate structure in the Senate bill to pay for greater relief for the middle class. “Obviously, all of us want to keep the rates as low as we can,” Dole said. Rostenkowski agreed but added: “There are areas that we’re going to have to negotiate in order to keep those rates that low.” “A lot of middle-income people are going to be surprised that they will have to pay more tax under the Senate bill,” said Janice M. Johnson, senior tax manager for Seidman & 834-4743 Delivery In 50 Minutes or FREE Wake up with .s Collegian paBBHiBHBfInHHaaHHnBII 237-7314 Expires 6/29/86 Open: 11 AM for Lunch Till 2 AM at Night FRI.-SAT. Till 3 AM • Customer pays applicable sales tax • not valid with any other coupon on same menu item iBHMBHMmBHBMBHBBBBBHmBBBBBnBIBBBaBBa ! FREE 16 oz. | Pepsi®, Mountain Dew®, or Diet Pepsi® with the purchase of your favorite 14" or 18" Bubba’s Sub A WEEK. 120 S. ALLEN ST. (REAR) 9-5:30 MON., TUES., THURS. 237-5761 9-3:30 WED., FRI. Seidman accountants in New York. “Probably the two-earner yuppie couples with lots of debt, major pur chases, business-related deductions and, people in their 20s to 40s . . . whose only retirement coverage is an Individual Retirement. Account they are going to be’hit and they haven’t really thought about it,” she said. The tax plan that the Senate ap proved Tuesday on a 97-3 vote would cut individual taxes by an average ol; 6.4 percent. Several lawmakers, in cluding some of the most vocal sup porters of the bill, said they were counting on negotiators to come up with a final plan that would be fairer to the middle class. Senior tax-writers from the House and Senate will begin working on a compromise bill around July 15. Leaders hope to get the final measure to President Reagan for his signature about Labor Day. Concerns about the middle class are based on estimates that under the Senate bill, the afte.r-tax income of people earning between $30,000 and $40,000 would be raised by 0.4 percent less than one-third the 1.4 percent boost for those making over $200,000 a year. The House plan would raise the after-tax income of the $30,000-40,000 group by 1.0 percent, and of the over s2oo,ooo group by 1.9 percent. RNNOUNC€SUi FURTH€tt R€DUCTIONS: 1/3 to 1/2 OFF Ml SUMMER CLOTHING Starts Thursday 9:30 RM SHOP 6RRLV LUHILR S&*'v.v .•.-isV.'-v'. ■v 1 •• 5 WARM WEATHER SPECIALS! We're taking on the competition! Hess’s, Bostonian, Naturalizer, Shoe Works, Danks, Barefoot, Kelly’s, The Shoe Fly shop Women’s Socks $l.OO/pr. NEAR THE NITTANY MALL DOWNTOWN STATE COLLEGE Next to Tempo Fashions 325 E. Calder Way just off Benner Pike Hiester Street Hours: Hours: Mon.-Sat. 10-9, Sun. 12-5 . Mon-Wed. & Fri. 10-5:30, Not all styles available at both locations Thur. 10-8:30, Sat. 10-6 — 0 ?o*mu& © 9 WEST. PAPPAGALLO. NINA. MIA, CAPEZIO. BELLINI, GRAFFITI, SPORTO. FIANCEE. D. EVANS. COBBIE CUDDLER. I "all'll®] CHEROKEE. JOYCE, BASS. NATURALIZER UOdJ BANDOLINO, JAGUAR FASHION SHOE OUTLET The Daily Collegian Thursday, June 26, 198 i del unollici.tl I’cp.si lut lor free..lust seiul in eight IV]».i prooivof-piircha.sc, plus SI .“’S lor postage and handling, along wiih this entry form iu7"Fffl\Sl HATOIThK, Jt.lHs l-vergreen Hoad. Southfield, Ml -|H() 7 S. prim your name. ih.klrc.sri anil telephone nnniher in the .spaces provided