BUSTER KEATON TONIGHT OUR HOSPITALITY Buster inherits a family feud and goes south to claim it. He gets shook up on the train before he even gets any southern hospi- tality in sthe form of his archenemies. PLUS on the same bill- Page 6-Wednesday, September 10, 1980-The Michigan Daily Reagan outlines plan to reduce spending while cutting taxes SHERLOCK JR. Buster broke his neck making this film-You'll split your, sides laughing. Both $2.00. 7:00 & 9:15. AT OLD Ab CINEMA GUILD C Com --- u 0 d .. LSA Graduation Procedures PLANNING To GRADUTE IN MAY1981? Students are encouraged to submit their Diploma Application and Senior Concentration Release Form (AB/BS Candidates) or BGS Check Form (BGS Candidates) the term preceding the one in which graduation is expected. May 1981 Graduates should submit Graduation Materials at the following place and time: TO: 1221 Angell Hall 14 Materials submitted by this date willb BY: FRIDAY, NOV. auditied and the results mailed to th t be he FRIDAY, FEB. 6 MONDAY, APRIL 20 students before the end of the Drop! Add period in January 1981. DUE DATE FOR ALL GRADUATION MATERIALS. This will ensure that your name appears on the TENTATIVE DEGREE LIST and in the COMMENCMENT PROGRAM. LAST DAY TO SUBMIT GRADUATION MATERIALS. 1 $5.00 oF F WITH THIS AD I . ' ,. -. _ J T Y !{ I p 0 ,._r_ . .. - r- -s:. - -" " FULL PUSHBUTTON CONTROLS PAUSEISTOP/EJECT/PLAY/ FF/REWIND/RECORD . BUILT-IN CONDENSER MICROPHONE " 3-WAY LED INDICATOR (RECORD/BATTERY/TUNING) " DIGITAL TAPE COUNTER " AUTO STOP AND SLEEP CONTROL * AC/DC OPERATION " EARPHONE . 5" HIGH x 9" LONG x 2" DEEP " WEIGHT: 3 LBS. . WARRANTY: 90 DAYS LABOR/1 YEAR PARTS From AP and UPI CHICAGO-Ronald Reagan spelled out yesterday a long-range economic program that emphasizes stemming, the growth of federal spending as a key element in achieving his goals of simultaneously cutting taxes, in- creasing defense spending and balan- cing the budget. In a speech to the International Business Council, the Republican presidential candidate restated his commitment to cut tax rates 10 per cent a year in each of the next three years and added that further tax reductions would be needed later in the decade. His program projected balancing the federal budget by the fiscal year begin- ning Oct. 1, 1982. BUT IN HIS speech, Reagan placed greater emphasisthan ever before on coupling a slowdown in the growth of federal spending with his tax cut proposals. Reagan dropped suggestions that sharp tax cuts would stimulate the economy immediately to produce enough new federal revenue to cover the projected loss from lowering the tax rates. The speech, billed by Reagan aides as a major economic policy address, clearly was intended to answer Carter administration attacks that the Republican candidate's economic proposals are inflationary, unrealistic and an election-year "free lunch" that never can be attained. REAGAN ACCUSED President Car- ter of economic failures that are "an American tragedy" and "an assault on the hopes and dreams of millions of American families." He said the nation is caught in "a downward cycle of progressive economic deterioration." To break that cycle, he said, "we must balance the budget, reduce tax rates and restore our defenses. "These are the challenges. Mr. Car- ter says hecan't meet these challenges, that he can't do it. I believe him. He can't. But I refuse to accept his defeatist and pessimistic view of America. tknow we can do these things and I know we will." AT A NEWS conference Monday night, former President Gerald Ford disagreed with Reagan's proposal to cut personal income taxes 10 per cent a year for three years. "I don't think at this stage we can commit ourselves," expressing belief it is impossible to predict circumstances that far in the future. The heart of Reagan's economic plan is the three-year, 30 per cent reduction in personal income taxes embodied in the proposal by Rep. Jack Kemp, R- N.Y., and Sen. William Roth, R-Del. IT ALSO called for: -Cuts in goverment spending amoun- ting to $195 billion over five years with emphasis on waste and inefficiency. -Fewer federal regulations. -A stable monetary policy aided by an understanding Federal Reserve Board. -A consistent economic plan that will not be abandoned for political purposes. --SPECIAL INTRODUCTORY PRICE-LOWEST IN U.S.A.--I P AYME NT BY:. Q CHECKENCLOSED-Peasesend $34.95 )M_ Driver's ID Number UPS shipping &handling charges 2.00 Q MONEY ORDER Sales Tax (Mo. residents only) 1.85 0 MASTERCARD NO. EXP. DATE TOTAL o VISA NO.__________ EXP. DATE '_____ AUTHORIZED SIGNATURE: DATE MAIL TO: SOLD To: NAME: ACTRA ADDRESS: P.O. BOX 28545 CITY & STATE: ST. LOUIS, MISSOURI 63141 ............... - - IMMEDIATE DELIVERY - --- - --. -- - - WILLIAM SHIELDS, president of the Raritan River Steel Company, leads the way for President Carter after the president spoke at the dedication of the new facility. Behind the president is New Jersey's Gov. Brendan Byrne and New Jersey Sen. Bill Bradley. Carter denounces GOP taX plan, outlines his own economic plan. From AP and UPI PERTH AMBOY, N.J.-President Carter asserted yesterday that the Republican Party's plan for a massive election-year tax cut is so bad that GOP standard-bearer Ronald Reagan "will soon be abandoning" it. Speaking outside a new, $140 million steel plant that Carter said is part of a "new industrial base" for America, he said the "so-called Reagan-Kemp-Roth tax cut is a very, very serious mistake." ON A FOUR-HOUR campaign trip to The Ann Arbor Film Cooperative $2.00 presents WEDNESDAY, SEPT. 10 Woody Allen's MANHATTAN at AUD. A Shows at 7:00, 8:40, 10:20 Tomorrow: Bergman's WILD STRAW- BERRIES at Aud. A New Jersey, the president touted his own recently announced $27.6 billion economic revitalization program, saying it would create a million jobs in the next two years while giving the economy just what it needs. He foresaw increased investment, offsetting Social Security tax increases, holding down inflation and funneling aid to depressed areas. The Republican tax proposal-em- braced by Reagan-calls for a 30 per cent reduction in personal income tax rates over the next three years. The former California governor reiterated his support for the program during a speech he made yesterday in Chicago. But Carter, talking after he donned goggles, a smock and a hardhat for a 30- minute plant tour, said the GOP plan would rerally mean tax cuts for the rich, a devastating blow to the economy overall and inflation for the average family. "IT IS SO bad that my prediction to you is the Republican candidate for president and other Republicans will soon be abandoning their own Kemp- Roth proposal and looking for something even more reasonable," the president said. IN HIS prepared speech, Carter said there "is no need for me to mislead you and there is no need for me to try to gain some political benefit from a very fast-moving, ill-advised tax cut here just before the November election." Before Carter spoke, aides handed out summaries of a study by the Office of Management and Budget, which concluded that the big Republican tax cut proposal would result either in an enormous round of spending cuts or large deficits in the federal budget. The study disputed claims by the GOP that the tax cut would pay for itself by kicking the economy into high gear. Not sure which TIis right for you? We're having a Texas Instruments Demonstration Thurs. & Fri., Sept. 11 & 12, 10-4. A company representative will demonstrate all Texas Instruments calculators. MORE THAN A BOOKSTORE 549 E. University at the corner of East U. and South U. 662-3201 Anderson ets nod __ NOW OPEN 118 E. WASHINGTON (NEXT TO BIMBO'S) FEA TURING FISH & CHIPS " SANDWICHES STEAKS -L OPEN FOR LUNCHEON AND DINNER LIVE ENTERTAINMENT-NO COVER Tonight: JIM BIRCHER and GINNY WALLACE for Leagui ouiiaeIr m ajt = Reagan told reporters he had been hurt in the early primaries by declining to join a Republican candidate debate in Iowa and said of Carter, "maybe he's got to learn . . . the hard way." Hinerfeld said negotiations with representatives of all three candidates were to be held today. James Baker, a senior adviser to Reagan, chided Carter for failing to agree quickly to the debate, saying the White House is practicing a "strategy of confusion and exclusion." "GOVERNOR REAGAN wants to debate," Baker said. "The American people want a debate and Governor Reagan and the people of this country want all viable candidates for the presidency of the United States to air their views, their proposals and their records in an objective forum and an open exchange." e debate Carter, in a talk with New Jersey newspaper editors, said "a three- person debate format is more like a forum than it is a real debate. "We are concerned about the fact that I've not been able to induce Gover- nor Reagan to debate me... on a two- man basis," the president said. Hinerfeld said Anderson was in- cluded because he "has clearly demon- strated voter interest and support, as indicated in a number of nationwide. public opinion polls." The League earlier had said a can- didate must receive at least 15 per cent in the polls and meet certain other standards before being included. Hinerfeld said Anderson could b dropped from later debates if he fails below that 15 per cent threshold. After the Baltimore debate, two other presidential debates and one among vice presidential candidates are plan- ned. COCKTAILS 118 EAST WASHINGTON ENGLISH ALE 663-9757 Cinema II PRESENTS High Holidays THE TRIAL (Orson Welles, 1462) The complexities and infuriating densities of Franz Kafka's novel received royal treatment from Orson Welles. Jaded eyes will receive the "pungent visual stimulation" expected from the master of impressive staging and startling effects. Seldom seen; well acted, this film demands intelligent view- ing and thoughtful reaction. With Anthony Perkins, Orson Welles, Jeanne Moreau, and Akim Tamiroff. (118 min.) MLB 3 7:00 & 9:00 $2.00 RFINC TUJRE'DP ,*1..*11 ,la Regular Shabbat Services Friday, Sept. 12 Orthodox 7:30 PM Reform 8:00 PM Rosh Hashanah Services Orthodox Conservative Reform Wed. Thurs. Fri. Sept. 10 Sept. 11 Sept. 12 7:45 PM 9:00 AM 9:00 AM 8:00 PM 9:00 AM 9:00 AM 8:00 PM 10:00 AM