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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Jun 24, 1980

Page

3

College aid cutback signals strain on students nationwide

The Basic Education Opportunity Grant program faced a 10 percent cut nationwide, with Iowa withholding 4.5 to 5 million of 20 million planned for 1980-81. About 250 dollars per student, with harsher effects on less needy learners, threaten enrollment and campus budgets as loan sources tighten. President Carter backs higher loan interest and stricter need tests while Congress let Edict lapse. Twenty thousand Iowa students rely on BEOG. many must borrow more and work longer hours.

Iowa Congress Carter

Ridiculous welcome for Chile and Argentina to Iowa trade forum

In a sharp Iowa critique, Senator Tom Harkin questions why the Governors Trade Conference on Export Expansion invited spokesmen from Chile and Argentina. Wythe Willey calls the complaint ridiculous while detailing Argentina and Chile's repressive regimes and missing persons, alleging the gathering legitimizes tyranny.

Iowa Tom Harkin Chile Argentina

Economy shadows Carter's optimistic stance in 1980

By Tom Wicker in New York the piece notes a mixed picture of economic decline and rising inflation in 1980. It cites an 8.5 percent drop in GNP in Q2, housing starts at five year lows, unemployment rising, and the GNP deflator at 10.7 percent in May, while President Carter remains inconsistent in his policy rhetoric.

Commerce Department Carter

Budget theater and tax plans swirl around unemployment

The president leaks imply a tax cut to curb unemployment can be considered and will be announced in 1980 to influence the 1980 election. A $2 billion local public works push is approved despite doubts its impact. The Ways and Means panel favors a $4.2 billion 1981 revenue increase, while the deficit outlook for 1981 ranges from 12 to 20 billion. Meanwhile a $16.1 billion 1980 supplemental raises current-year deficit beyond 47 billion as unemployment may hit 8.5 percent. The contradictions mark a pattern of balancing rhetoric over real policy.

House Ways and Means Committee Pennsylvania Avenue

Payroll tax hike sparks debate over 1981 credits

The 1981 payroll tax rise from 6.13% to 6.65% on a higher wage base may be offset by a proposed 10 percent income tax credit for both employees and employers. Supporters say credits would blunt payroll tax pain, but critics warn the reform finances Social Security at the expense of income tax revenues and adds inflationary pressure for employers and reduced take-home pay for workers. The piece notes the Carter administration previously backed rising payroll taxes as a major achievement and now contemplates credits to ease the Social Security burden.

Ray Marshall Carter Administration Congress Carter Casey Stengel

Senate votes 70 to 20 to deregulate trucking industry

The Senate backed trucking deregulation by 70 to 20 this spring, removing anti trust exemptions and easing entry to boost competition. Supporters say the move curbs inflation and reduces wasted energy by ending haul back and stop restrictions. The fight shifts to the House where Rep Tom Tauke will hear Iowa supporters and opponents.

U.S. Senate Common Cause Senate House of Representatives Tom Tauke Iowa

Editor’s plea on deregulation and centennial search

A reader urges passage of a strong trucking deregulation bill to cut costly regulations. Letters advocate citizens contact Rep. Tauke and highlight Elberon centennial celebrations and a school alumni address search. The piece critiques taxation and government excess, urging action by taxpayers.

Tauke House of Representatives Washington, D.C

Welcome to new immigrants bounties go both ways

A speech to newly naturalized citizens reflects on immigration, refugees from Cuba, and the American ideal. It emphasizes shared hope, the need for balance between openness and limits, and the role of education. The text cites Kirkwood Community College president Bill F. Stewart and the motto E Pluribus Unum, urging newcomers to use their knowledge to benefit the United States.

Also Mentioned on This Page

John Donnelly John Robertson Midwest Federal Reserve Robert Ray Wythe Willey Harkin Russia Orlando Letelier U.S Washington Pinochet Ranker By Tom Wicker New York Mets New York Times Service Carolyn Schmidt Elmwood Court Elberon Elberon School Bess Kaloupek Vivian Wilson LaVon Novak Ruth Machan Doris Thomas Keystone You Carl Riblet Jr By Bill F. Stewart Cuba Bill F. Stewart Kirkwood Community College Cedar Rapids United States
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