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Page 6-Friday, January 21, 1983-The Michigan Daily
Reaga atmidpoint ishoeu
Celebration of Jewish Arts
(Continued from Page 1)
dle their own affairs," he added,.
stressing that no final decisions have
Reagan's comments came a day after
his chief economist, Martin Feldstein,
disclosed that the administration also is
studying an overhaul of the tax system
to tax income that is spent on consumer
goods and services and exempt income
that is saved and invested, such as in
stocks and bonds.
MEANWHILE, administration of-
ficials said the president also may
propose soon a tax plan that would let
parents defer income taxes on money
WASHINGTON (AP) - On the
second anniversary yesterday of
Ronald Reagan's inauguration, pollster
Louis Harris said a majority of
Americans are losing patience with the
president and many believe he should
not seek re-eleciton.
"Now people have grown to accept as
part of their expectations that the next
12 months will bring more business
bankruptcies, no relief from the high
rate of unemployment, more factories
shutting down, more homes and farms
being foreclosed, more people going
hungry and no healthy recovery,"
TONIGHT A T
SECOND CH ANCE
MA SQUE RA DE
516 E. Liberty 994-5360
set aside in special savings accounts set
up to pay for their children's
These officials, who spoke only on
condition that their names not be used,
said the idea of an Independent
Education Account is similar to the
existing Individual Retirement Ac-
couts, under which federal taxes can be
deferred on income set aside for
While indicating that he likes the flat-
rate idea because of its simplicity,
Reagan said there are critics who have
suggested that the administration
might be favoring a flat-rate tax "as if
THE PRESIDENT'S rating on
overall job performance has slipped to
38 percent approving his actions, while
61 percent disapprove. This compares
with the 52 percent to 47 percent ap-
proval rating a year ago.
Among those who said Reagan should
not run, 74 percent said they would vote
for either former Vice President Walter
Mondale or Sen. John Glenn(D-Ohio)
two of the leading Democratic conten-
ders in 1984.
Harris said there was "ample
evidence" that the Reagan coalition of
two years ago had shattered and that a
"counterforce" made up of women, en-
vironmentalists and the pro-nuclear
freeze movement will dominate
American politics for the rest of the
we are making it possible for those in
the upper income brackets to do bet-
According to a study by the
Treasury Department last year, a pure
flat-rate tax system would mean a $40
billion tax cut for people making $50,000
a year or more and a tax increase of the
same amount for those making less.
A pure version would convert the
present range of tax rates, which rise
up to 50 percent as income levels rise,
into a single - or flat - rate for people of
all incomes. Under this concept, the
rate of taxation could come down
drastically by eliminating all or most of
the current deductions, such as mor-
tgage interest payments, medical costs
and state and local taxes, which now
can be subtracted from an individual's
However, administration officials
say Reagan is contemplating a less
Reagan said he foresaw ''an
American economy and an America on
the mend." He laid out no timetable for
how long it would take to heal the coun-
try's economic ailments.
The president said "nearly every
economic indicator shows us heading
into recovery," but he did not mention
that unemployment has increased from
7.4 percent when he took office to 10.8
percent last month.
NOR DID Reagan, who originally
promised a balanced budget by 1983,
say anything about the high deficits
that have plagued his budgets. The
fiscal year 1984 dificit is expected to be
about $190 billion. Aides now say
Reagan is aiming for a balanced budget
by the end of the decade.'
After the president's appearance,
Saturday January 29
8pm Michigan Theatre
Tickets: $12.50, 10.00, 7.50
Students: $6.50, 5.00, 3.50
GROUP RATES AVAILABLE
Advance tickets at the B'nai B'rith Hillel Foundation,
1429 Hill St, 663-3336;
and at Herb David's Guitar Studio, 302 E. Liberty;
... entering "a season of hope"
Democratic National Chairman
Charles Manatt issued a response
saying Reagan had put the nation on a
course of unfairness and
mismanagement, and suggesting the
Republican president was seeing things
differently from the rest of the country.
Without divulging any details of the
1984 budget he will present to Congress
on Jan. 31, Reagan promised it would
be "fair, realistic, and will pave the
way for a strong sustained recovery."
"For all our troubles," Reagan
summarized, 'midterm finds this ad-
ministration and this country entering
a season of hope."
Although he recently has been
besieged with criticism - from business
leaders, blacks, and conservatives this
week alone - he brushed aside his
problems, saying, "You must be doing
something right when you're getting
rocks thrown at you from both sides."
(Continued frorp Page 1)
Crisis Center, the Michigan Student
Assembly, and the Public Interest
Research Group in Michigan are
among the groups which have endorsed
Ann Arbor Police Chief William Cor-
bett and Ann Arbor Fire Chief Fred
Schmid have also voiced support for the
ordinance, and Peterson said he expec-
ts the list to grow.
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Jeffrey Siegel, Piano
Two 19-year-old Ann Arbor residents
may face unlawful entry charges, after
they were apprehended in the steam
tunnels near ;the University Art
Museum WednesdIay night. Police said
University security captured one of the
suspects after responding to a museum
alarm. The other suspect was taken into
custody a short time later. Both of the
suspects who appeared to be students,
were questioned and released, police
said. Police are continuing the in-
vestigation to decide if the suspects will
be arrested and charged.
- Dan Grantham
Cincinnati Pops Orch.
Erich Rune!, Cond.
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(corner of State & Liberty)
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