The Michigan Daily - Monday, November 25, 1985 -Page 3 BUSINESS Legislators hope Reagan endorses tax bill WASHINGTON (AP) -President Reagan, who has called tax reform the spark that will ignite a "second American Revolution," must decide whether to keep the movement alive by endorsing a House Ways and Means Committee tax bill that falls short of his demands. Members of the committee from both say the voluminous bill has little chance of passing the House if Reagan criticizes it publicly. Several said they expect the president to hail the measure as a good first step toward overhauling the income tax and to count on the Republican-controlled Senate to change it. BUT WHITE House Chief of Staff Donald Regan suggested yesterday the administration might not endorse the panel's bill because "it changes the president's proposition quite a bit." "So I'm not sure we're going to ac- cept it," he said. Regan, however, said the administration would know more about its position after careful study this week. "We haven't had time to really examine that," Regan said on CBS's "Face the Nation." "What we have to do is to see what does that do to investment? What does it do to savings? What does it do to incentives?" REP. RAY MCGRATH (R-N.Y.) predicted, however, the president would eventually support the bill even though the administration leaders "won't say they love it." Rep. Dan Rostenkowski (D-111.), the committee chairman and chief congressional backer of a tax overhaul, pleaded with Reagan not to make a snap judgment that could kill the bill. The measure "is a victory of cooperation over confrontation,' Rostenkowski said. While members of Congress take a week's recess for the Thanksgiving holiday, Ways and Means aides will write the committee's proposal into legal language. The plan is likely to be debated in the House the week of Dec. 8. The Senate will not consider it this year. THE BILL, containing the most- sweeping changes since the income tax was enacted in 1913, would shift a significant portion of the tax burden from individuals to corporations. Over a five-year period, individual taxes would be cut in the range of $135 billion and corporate taxes would rise by the same amount. The measure, approved by the committee Saturday morning after two months of closed-door sessions, would reduce the average individual tax by 8.4 percent in 1987; the president's plan would have meant an average 10.5-percent cut. The maximum individual tax rate would be 38 percent, compared to the present 50 percent. The great majority of Americans would pay a rate of 15 percent or 25 percent. But where Reagan's bill would give a 15.1-percent tax cut to people with incomes over $200,000 a year, the plan drafted by the Democratic-controlled committee would produce a tax cut of only 5.8 percent at that level. Career Planning & Placement Recruiting Schedule The following employers and representatives from graduate/professional schools will be on campus to conduct inter- views. November 26 Stuart James, Inc. January 13 Banker's Trust Citibank January 14 Banker's Trust January 15 Aetna CNA Insurance Co. January 16 Aetna National Bank of Detroit Sears, Roebuck & Co. January 17 IDS Financial Services Sears, Roebuck & Co. January 20 A. S. Hansen Paul Revere-Insurance Co. January 21 Dow Chemical-Communications Mutual of Omaha Proctor & Gamble - Sales January22 Burroughs Corporation Dow Chemical-Marketing & Technical GTE May Company Northern Trust Co. of Chicago Xerox Corporation January 23 Dow Chemical-Marketing & Technical May Company Morgan Guaranty Trust Co. National Security Agency Proctor & Gamble-Customer Service January 24 New England Mutual Life Insurance University of Michigan Medical School Contact the Career Planning & Placement Office for more infor- mation. r Proposed skyscraper may set record I NEW YORK(AP)-Donald Trump's plan for a 150-story skyscraper that would give even King Kong a nosebleed is the latest indication that ego, not economics or architecture, is the force driving the U.S. skyline to new heights. Trump's candidate for world's tallest building, proposed for Manhat- tan's Upper West Side, would be a monument to the ego of the developer who builds it, the architect who designs it, the people who inhabit it and the city that allows it. "IT'S A MATTER of whether New York wants that prestige," said Lynn Beedle, director of the Council on Tall Buildings, an association of architec- ts, engineers and planners. "It would be difficult to justify that height on other grounds." Trump gave it his best shot last week at a meeting with skeptical community residents, many of whom gasped when he announced the dimensions of his plan: The 1,670-foot tower, plus a 65-story office building and six residential towers of around 75 stories each. The main building would be more that 200 feet taller than Chicago's Sears Tower, the world's tallest building. IF BUILT as proposed, the complex would boast one-third of the world's 25 tallest buildings. It would have more space, 18.5 million square feet, than all of the office buildings in Philadelphia put together. Trump faces a long fight to secure city permission for construction, and the chairman of Community Board 7 was skeptical. "I think the chances of it being built as he's proposed it are very, very slim," said Ludwig Gelob- ter. for a 40-acre park, which he said would be "the greatest... on the West Side" an area that already has Frederick Law Olmsted's Riverside Park. THE SUPERTALL building, he said, "adds value to every other part of the job," and makes people willineg to pay for the privilege of living in it Trump called the complex Television City and planned 3.6 million of its square feet for television production. The studios are to be housed under the platform on which the skyscrapers would stand. Television City is the third "world's tallest building" that Trump has proposed. In 1984, he floated plans for a 1,900-foot tower on the East River in lower Manhattan. Earlier this year, his plan for a 137-story building near the southwest corner of Central Park was rejected in favor of a smaller building by another developer. THE PROBLEM, he said, is not so much the size of the buildings as the number of people who would use them. The neighborhood's streets, sidewalks and subway stations already are crowded, he said. Trump's plan calls for 7,900 apar- tments, 3,600 more than an earlier developer of the site was able to clear with the city. But even if Trump gets permission, "it's a tremendous risk," said Fred Kent of the Project for Public Spaces, a non-profit research group. "Our studies have found that the kind of people who can afford the rents he'll charge like lower-rise buildings with a greater sense of community and a more human scale." CURRENTLY, only a few of the world's 100 tallest buildings have apartments in them, and Kent argued a turkey!i Take advantage " High Speed Copying " Typesetting " Mass Mailing -s * Binding " Academic Typing Let Our Professionals Do Your Work For You "Good service. good coverage. good price- That's State Farm insurance." Trump ... plans a 150-story building too tall, the lobby too big, the elevator ride too long, he said. The doorman doesn't know all the residents by name, and they don't know each other at all. ACCESS -an opportunity to develop foreign language commercial business skills -night & day tutorial language classes Call Dr. Milne at 994-1456 or Visit 617 E. University Suite 250 -Michigan's 1 st & Only State & Certified Commerical Translating Study Program STATE FARM INSURANCE DAN JILEK 450 S. Main Suite 3 Ann Arbor 761-2666 Like a good neighbor. State Farm is there. State Farm Insurance Companies Home Offices Bloomington Illinois 769-COPY =U4 OVA"UGT.. ANN A001 MICHIGAN UNION 761-TYPE MAL 1/2 PRICE STUDENT RUSH COUPON AMGIMmS TOLEDO MASONIC AUDITORIUM FROM ANN ARBOR Rte 23 to Rte 2 East Exit; East on Rte 2 (Airport Highway) to Reynolds Rd (Rte 20); South (right turn) on Reynolds to Heatherdowns; Left on Heatherdowns to AUDITORIUM. | BROADWAY'S BIGGEST! BROADWAYS BEST! I INFORMATION CALL: 419/381-8851 LIVE ON STAGE! Present this coupon 1/2 hour prior to the following performances for 2 off the regular price! Trump argued that by rising so that most people don't feel at home it high, the development clears ground a huge tower. The main entrance i HAPPENINGSF Highlight Staged readings of Eddie Gatto, by Mark Friesen, and Broccoli, Anyone?, by Sandra Morris, will open the Performance Network's Works in Progress winter series. The show will begin at 8 p.m. at 408 W. Washington. Films Alternative Action - Suzanne, Suzanne and To Love; Honor and Obey, 7:30 p.m., Natural Science Bldg. Michigan Theater Foundation - Monty Python and the Holy Grail, 7 & 9 p.m., Michigan Theater. Performances Brecht Company - Auditions, winter-spring productions, 8 p.m., room 126, East Quad. School of Music - University Choir, Patrick Gardner, conductor, 8 p.m., Hill Aud. Speakers Chemistry - Dimitri Coucouvanis, "Recent Advances in Sulful- Molybdenum Chemistry," 4 p.m., room 1200, Chemistry Bldg.; Douwe A. Wiersma, "Optical Dynamics in Solids as Studied by Photon Echoes," 2:30 p.m., room 3207, Chemistry Bldg. Graduate School of Business Administration - Jim Evans, "Marketing Retail Stores," 4 p.m., Assembly Hall. Guild House Reading Series - Miriam Pederson, Donald Smith, 8 p.m., 802 Monroe. Near East and North African Studies - Brown bag lecture, Nabil Kron- fol, "Health Care in Lebanon," noon, Commons room, Lane Hall. School of Business Administration - Jim Evans, "Marketing Retail Stores," 4 p.m., Assembly Hall. Studies in Religion - Harvey Cox, "Jesus and the Moral Life," 8 p.m., MLB 3. Meetings Multiple Sclerosis Society - Counseling group, Significant Others group, 7 p.m., Washtenaw United Way. Society for Creative Anachronism - 7 p.m., East Quad. in s Tuesday, Dec. 3, 8:00 P.M. Wednesday, Dec. 4, 8:00 P.M. Regular Price: $26.00 - 23.00 - 20.00 $28.00 - 25.00 - 22.00 /z Hour Rush Price: $13.00 - 11.50 - 10.00 $14.00 - 12.50 - 11.00 giervicei DfIC/ 1 Ticket per coupon only! - ---- ------ - ------ CLIP & USE!! ---------- m---m----- - - 1/2 PRICE TC inn AAQnlIr' AlMIrnITnRD. IRA I '.LLuv JiviIr~JvI'4I IIII I '..IU~IVI 542 LSA Budding 764-9216 INSTANT: Passport - isa - App/icatie.,'PNowo while U wait hrs. 1:00-4:30 Mon - Fri 10% STUDENT DISCOUNT PUT US TO THE TEST! STUDENT RUSH COUPON LIVE ON STAGE! FROM ANN ARBOR Rte 23 to Rte 2 East Exit; East on Rte 2 (Airport Highway) to Reynolds Rd (Rte 20); South (right turn) on Reynolds to Heatherdowns; Left on Heatherdowns to AUDITORIUM. I BROADWAY'S BIGGEST! BROADWAYS BEST! J INFORMATION CALL: 419/381-8851 Present this coupon '/2 hour prior to the following performances for /2 off the regular price! Tuesday, Dec. 3, 8:00 P.M. Wednesday, Dec. 4, 8:00 P.M. Regular1 $26.00 - $28.00 -; Price: 23.00 - 20.00 25.00 - 22.00 1/2 Hour1 $13.00 - $14.00 - Rush 11.50- 12.50. Price: - 10.00 -11.00 CLIP & USE! Ticket per coupon only! 1/2 PRICE STUDENT RUSH COUPON 1 MiVEd mOndT A!o LIVE ON STAGE! TOLEDO MASONIC AUDITORIUM FROM ANN ARBOR Rte 23 to Rte 2 East Exit; East on Rte 2 (Airport Highway) to Reynolds Rd (Rte 20); South (right turn) on Reynolds to Heatherdowns; Left on Heatherdowns to AUDITORIUM. "Co e trs ope " H estudl materials constanly byV Research 'd8 iZ " tow Hourl Cost vr14lctos " 'transer r, lin~J 10 BROADWAY'S BIGGEST! BROADWAYS BEST! 1 i INFORMATION CALL: 419/381-8851 Present this coupon 1/2 hour prior to the following performances for 1/2 off the regular price! Tuesday, Dec. 3, 8:00 P.M. Wednesday, Dec. 4, 8:00 P.M. Regular1 $26.00 - $28.00 -; Price: 23.00 - 25.00 -; 20.00 22.00 '/2 Hour Rush Price: $13.00 - 11.50 - 10.00 $14.00 - 12.50 - 11.00 1 Ticket per coupon only! 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