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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Aug 06, 1996
Page
1
Bob Dole moves to redefine his 1996 bid appealing to anxious middle class voters while facing intra party fights over abortion. He cites tax cuts and economic squeeze as contrast to Clinton's record, aligning rhetoric with the earlier 1992 campaign. Economy details referenced on Page 2A.
GOP candidate Bob Dole unveiled a $548 billion six year tax cut plan. Personal income tax rates would fall 15 percent in three steps starting 1997. A $500 child tax credit would cost $75 billion. Upper income Social Security benefits would be taxed at 50 percent. Capital gains tax would drop to 14 percent. IRAs would expand with incentives for education and job training at a $27 billion price tag.
The Texas Natural Resource Conservation Commission awarded Odessa and nearly 30 water suppliers across 17 counties for no drinking water contamination or wastewater violations. Inspectors verify absence of lead arsenic mercury and bacteria, ensuring safe drinking water and proper wastewater disposal. Jed Barker notes taste doesn’t reflect safety, while Byron stresses the challenging task of maintaining standards.
State Sen. Jerry Patterson proposes a bill to automatically certify 14-year-olds accused of crimes with deadly weapons for adult prosecution. Judges like Tryon Lewis cite rising juvenile violence and weapon access as reasons for the change, arguing society must meet growing threats.
Mostly sunny conditions are expected with a high near 100 and a low around 74. The Weather page provides temperatures and a brief forecast, with the InfoLine Directory listed on the 5D section and weather updates on 6B.
US Commerce Secretary Mickey Kantor told about 500 public officials and businesspeople from the US and Mexico that while NAFTA exports to Mexico rose to a monthly record of 4.7 billion dollars in May and an 18 percent rise year to date, border infrastructure lags. He estimated 15 billion dollars needed over the next decade for water, wastewater, power, and other projects, noting the NADBank has yet to close on a loan.
Rexene Corp of Dallas unanimously rejected Huntsman Corp of Salt Lake City bid by 461.5 million dollars for 9.1 million Rexene shares at 154 dollars per share and assumes 175 million debt. Rexene cites value from its strategic program and capacity expansion. Huntsman says the offer is harmful to Rexene shareholders and promises to consider options. Rexene employs 1,300 people across 635 positions at the Odessa facility.
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