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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 15, 1985
Page
4
Tokyo officials and an auto industry spokesman said exports to the United States are not expected to rise sharply next year even if voluntary export restraints end. The restraint extension is described as unlikely unless exceptional justification exists.
The Office of Management and Budget proposes Medicare physician fee reductions, a cap on payments for certain services, and an AIDS funding cut in the 1987 budget. It also plans to recompute the Medicare Economic Index, cancel part of AIDS spending, and keep AIDS funding at 190 million dollars in 1987, affecting patient care programs and demonstrations.
Critics attack Reagan proposal to sell the Federal Housing Administration to private bidders and cut housing subsidies for the 1987 fiscal year. May or Edward I Koch and Rep. Barney Frank condemn the move as harming low income people and predict Congress will reject the plan. The FHA has insured mortgages for millions since 1934, and any sale needs congressional approval.
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