IParkin (Continued from Page 1) IF THE HEADLEE or Tisch tax proposals pass in November, either or "both would have far-reaching effects on 'projects like this o e. Murray said the effects of the delay would mostly be the time lost in selling -the bonds and settling on construction contracts, which are cheapest in the winter. If the contract bids must be delayed until after the April election, Murray said, "we can expect a five to ten per cent increase in construction costs after the new season begins on April 15." Belcher said he did not find out about the deadline for submitting the bond proposal until last week. However, he said he is confident the project would be approved anyway "if we show the Carter pr g facility debate delayed the Michigan Daily-Wednesday, October 11, 1978-Page 7 Rep. Diggs quits House duties citizens the project is good for the city and can be paid out of revenues." MURRAY SAID Monday night that he would not recommend constructing any more parking structures which would give the city debts greater than 30 per cent of the city's operating revenues. However, he said because of inflation, the annual debt payments would diminish in dollar value and revenue will increase. Murray called the 30 per cent debt framework his "rule of thumb" and said yesterday "my rule would still hold with or without Headlee." He went on to explain that private companies can figure their debts in terms of the percentage of the company's sale value, in which case a higher debt status is tolerable. It cannot be figured that way for public projects, "because we can't sell our assets," Mujrray said. When the bond is repaid in twenty years, Murray said the interest will raise the total cost to $4 million. Belcher said Murray's view is a "sound economic outlook" but he noted that "most cities in Michigan have deb- ts of 50 to 60 per cent" of their operating revenues. Belcher added that ad- ditional structures may be built by using alternative financing methods. He said the city may lease new parking structures from private developers af- ter those firms incur the capital in- vestment burden. He said more parking revenue may be obtained by raising the parking rates also. OTHER FUNDING methods, Belcher said he may employ are partial funding through the city's Economic Develop- ment Corporation (EDC) or the Down- town Development Authority. "Parking structures are so key to getting finances and developing and restoring housing inthe downtown," Belcher said. He added, "When finan- cial lenders look at the prospect of financing any building in the downtown, that's one of the things they look at." Latta said seven parking structures have been figured into the Planning Department's capital improvements budget as an eventual goal. Belcher said he only plans two more structures, including this one. Murray said, "It is very unlikely we can do that and remain financially solvent." (Continued from Page 1) the conviction is reversed or the congressman is pardoned or reelected. SINCE CONGRESS is slated I to recess Saturday, 'Diggs' action was seen mainly as a token gesture. Diggs was convicted by a U.S. District Court jury in Washington last Saturday of defrauding the government of 166,000 by padding the salaries of five staff aides to help pay off his business and personal debts, which are con- siderable. But Diggs contended, as he did during his trial, that other members of Congress have "violated criminal statutes that were much more venal" and said he questions "Why I was picked out as a target forprosecution" by the Justice Department. He refused to name names, but said, "I think the same government that sent the FBI after me would see fit to in- vestigate these other matters." Diggs claimed that "there 'is something unholy" about the Justice Department's alleged policy of "selec- ted prosecution." "This is the first time in the history of this country that criminal charges have been initiated against a member of Congress under these conditions," he Rsaid. omises veto for Senate tax cut .r/ (Continued from Page ) " College students or their parents would be allowed a tax credit for 35 per cent of tuition costs to a maximum credit of $100 in the current school year, $150 in 1979 and $250 in 1980. This is not in the House bill. ° " Repeal of the current individual tax credit of $35 per person of 2 per cent of the first $9,000 of taxable income, a )naximum credit of $180. This and the current $750-per-person exemption would be replaced by a $1,000 exem- ption. The credit is subtracted from taxes owed; the exemption reduces in- 'come subject to taxation. The House hillis identical; * An increase.in the standard deduc- tions. The deduction for a single person would increase from $2,200 to $2,300, for heads of households from $2,200 to $3,000 and for couples filing a joint return from $3,200 to $3,400. The House bill has the same increases for single persons and couples but gives the heads of household only $2,300. " Expansion of the earned-incomed credit, which rewards poor working families who have children if the families stay off welfare rolls. The credit now is a maximum of $400 and some is available to families with in- comes up to $8,000. The House bill retains those levels. The Senate bill would raise the maximum to $600 and make some benefits available to families with incomes up to $11,000. For the first time, the credit would be paid as part of workers' paychecks. " The deduction now allowed for state and local gasoline taxes would be repealed in both bills, meaning a small tax increase for the 30 per cent of Americans who itemize deductions. " The special tax credit for the elderly would be increased from the current maximum $375 for a single per- son and $562 for couples to $45 and $675. There is nothing similar in the House bill. , In future years, income taxes would be increased automatically if federal spending exceeds targeted limites, except in time of war or high unemployment. Tax forms would have to tell citizens exactly why taxes were rising. This is not in the House bill. CAPITAL GAINS " Seventy per cent of individual capital gains, or profits from the sale of assets, would be exempt from regular income tax, compared with 50 per cent under current law. The exempt portion would be subjected to a graduated ''alternative minimum tax," which would be paid only if it exceeded regular income taxes. The House bill would couple the current 50 per cent exemption with a smaller alternative tax. " A special tax break would be allowd for persons 55 and older who sell their principal home without buying a new 6ne costing as much or more. The profict from the first $100,000 of sales price would be tax-exempt; the bill provides a formula for computing capital-gains taxes on the profits from a higher sales price. The House bill would allow a once-a-lifetime exemption for $100,000 profit for all persons regar- dless of age. * A 1976 tax-law change that would increase capital-gains taxes on inherited property would be postponed until Jan. 1, 1980. * The maximum tax on corporate capital gains would be cut from 30 per cent to 28 per cent. All of the discrepencies between the Senate bill passed last night and the less expensive House bill passed in August are expected to be worked out in a conference committee. is preserved on 30'mm TMOROFI AVAILABLE AT: The Michigan Daily Student Publications Bldg. 4209 Maynard Street AND the UGLI Studying got you down Take a break.. Dr. Davild Wi ley Director of the African Studies Center, Michigan State University presents: A lecture on Friday, Oct. 13-8 PM "Ethics and Foreign Policy: The U.S. and Wfrica" the second in the 1978 DISTINGUISHED FACULTY SERIES SPONSORED BY THE Ecumenical Campus Center 921 Church St. The lecture will be held in the Center's lounge. All interested persons are invited to attend. Rhodesia (Continued from Page 1) ;came after a meeting of executive council members currently in the coun- try, himself and Tribal Chief Jeremiah Chirau. The other two council members, Prime Minister Ian Smith and the Rev. Ndaganingi Sithole, are visiting the United States and will be joined by Muzorewa and Chirau later this week. PRESID) T Carter said during his press conf f yesterday he would not meet with Rhodesian Prime Minister Ian Smith during Smith's visit to the United States. "There's no reason for me to meet with him," he said. Tiny rightwing white political parties in Rhodesia were furious about the proposals. "This means the surrender and destruction of the white man and his institutions in Rhodesia and a vic- tory for the terrorists," said Rhodesia National Party president Len Idenson. Spokesmen for the black parties in the transition government hailed the announcement as a "tremendous breakthrough" and a "giant step." WHITE HEALTH and Education Minister Rowan Cronje said schools would remain free on black reser- vations, while the $71 annual cost of white state schools would be slowed not just by lack of money, but also because black children seeking to enroll would have to live in the school area, must speak English, the minority language, and be in the proper age group. He said implementation of the changes could require several months. "Our conclusions will not satisfy the ultra-liberals, nor will the extreme right like them," said Cronje. "Blacks did not get it all their own way. We did not get it all our own way. But the solutions show our willingness to work together... they're based on pragmatism and reality." The target date for black rule is made proposes in more uncertain by the escalating six- year war against Rhodesia by black nationalist guerrillas, who vow to disrupt any attempt to get blacks to the polls. Yesterday's announcement said land laws in white areas - the suburbs of the seven major cities - will be scrapped. Blacks will be able to buy homes in any suburb, said Cronje. But"new laws tightening up on health and building regulations will be effected simultaneously. "THIS IS SO the character and stan- dard of those areas ... will be main- tained. In terms of the customs of our black people, with the extended family system there may be difficulties in respect of housing standards and health standards," the minister said. Free medical clinics for blacks will be retained, but Cronje said anyone would be eligible for treatment at the white hospitals, provided they can pay. Accompanied by black co-minister Gibson Magaramombe, Cronje told a news conference that the Land Tenure Act - the heart of Rhodesia's race discrimination - will be repealed. But he said black reservations known as tribal -trust lands across half the country are to be retained. Whites will be allowed to set up trading posts in small designated industrial and com- mercial parts of the reserves. More thanihalf the country's blacks live on the reservations, mostly as peasant farmers on communally-owned land which have always been off limits to whites. Until its partial repeal 18 months ago, the Land Tenure Act divided this Mon- tan-sized country into roughly equal areas for blacks and whites. "We accept enormous and traumatic implications would follow a sudden disruption of the communal concept tegration applicable to the tribal trust lands," said Cronje. Tribal chiefs and the previous white- minority government argued that to admit white traders would be unfair competition to blacks. White farmland was opened to black buyers last year, and last August the transition government, in the face of in- ternational criticism of its racial policies, outlawed discrimination in hotels, swimming pools, theaters and other public places. AIERIP REORTS E METS- pp. 'Jazzstars' thrill Hill SPECIAL ISSUE ON LABOR MIGRATION IN THE MIDDLE EAST MERIP REPORTS and other resource materials on the Middle East are available at: A PERIODICAL RETREAT (An Alternative Bookshop) 336,/2 S. State' Ann Arbor, MI (313) 663-0215 woorg4l AiW w W4 44A41 I&V 4;1 %4 Student Newspaper at The University of Michigan Ik I IFE ------------ WRITE YOUR AD HERE! ----------- Ii I 1 I I ------------CU AND MAIL TODAY ----------JI I I * USE TH IS HANDY CHART TO QUICKLY ARRIVE AT AD COST SWords 1 2 3 4 5 add. S0-14 1.70 3.40 4.60 5.80 7.00 1.00 I 15-21 2.55 5.10 6.90 8.70 10.50 1 .50 where thisad S2228 3.40 6.80 9.20 11.60 14.00 2.00 forrent forsal 29-35 4.25 8.50 11.50 14.50 17.50 2.50 heiwanted I I 36-142 1.70 3.20 3.60 7.40 27.00 3.00 **"" 43-49 6.80 11.90 16.10 20.30 24.50 3.50 etc. Seven words per line. Each group of characters counts as one word. Hyphenated words over 5 characters count as two words-This includes telephone numbers. Mail with Check to: Classifieds, The Michigan Daily 420 Maynard f (Continued from Page 5) another fiercely-paced adventure, in- fusing the song with the strong sear- ching quality so inherent in his and Coltrane's styles. Rollins hit a strong staccato line while Carter played a den- se series of harmonic textures under- ;neath the two soloists. The Milestone Jazzstars were an ,,exercise of contrasting styles from dif- Jerent eras. Sonny Rollins' fierce bop- ping pace had its roots in the fifties with his work with Max Roach and Mles Davis. McCoy Tyner derives his mystical spirituality from his sixties work with Coltrane, and Ron Carter's passive coolness seems most at home in this decade. Monday night at Hill, the trio, plus drummer Al Foster, demon- strated the ability to fuse all three musical backgrounds into one coherent musical identity. Michigan Student Assembly Is Now Accepting Applications for the