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This newspaper page contains 5 articles. Subscribers can read the full text of each article.
Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
May 15, 1995
Page
4
The article notes six years of tax cuts aimed at oil and gas industry incentives in Texas, where historically many wells were plugged when drilling slowed. Legislators reduced severance taxes to encourage operators to keep low-yield wells alive, preserving jobs and tax revenue.
Texas lawmakers push Craddick Montford bills extending well life and offering tax exemptions for new barrels tapped. A second measure funds tech research to revive near plugged wells, potentially saving 400 million by avoiding plugging costs while driving industry gains.
The piece warns that Medicare spending must be checked to keep the federal health program solvent. With annual cost growth around 11 percent, the Medicare trust fund could be bankrupt within seven years. Readings note costs rose from 12 billion in 1975 to 170 billion now, with 345 billion forecast by 2002.
Feder argues liberals weaponize tragedy to attack policy debate and government. He cites an AFSCME ad during the 92 campaign, condemns anti government rhetoric, and urges conservatives to advocate cautious governance while liberals must curb anti government hysteria.
Sowell reviews Peter Brimelow’s Alien Nation arguing the book presents unwelcome facts that fuel anti immigration sentiment. He notes Brimelow mixes hard logic with rambling style and calls for selective entry and stronger borders, contrasting with pro immigration voices like Julian Simon. He urges a real televised debate on immigration policy.
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