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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
May 11, 2006
Page
3
Lt. Gen. James R. Helmly, Army Reserve chief, says the Pentagon’s call up system for reservists is fraught with friction. He cites slow, “early Industrial Age” processes that give too little advance notice and push many to not reenlist, describing the ordeal as nearly torturous for some.
The House passed a 70 billion dollar tax relief package extending the reduced 15 percent rate for capital gains and dividends and alt minimum tax relief for 2008. The vote split along party lines as Republicans praised the economy gains while Democrats warned of deficits and wealth skew. The Senate expected to clear the measure for Bush's signature, with a second bill on up to 30 billion in additional breaks to follow later.
The House approved legislation creating the H Prize to fund hydrogen fuel tech with four prizes up to 1 million every other year for production storage distribution and utilization and a 4 million prize biennially for a working hydrogen vehicle prototype. A Senate companion bill will follow.
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