| Show inHTtm ly 6B The Salt Lake Trihune ft By The Sail Lake Trihune co The World Almanac 1987 PO Box 91189 Cleveland Oil 44101 Please send me copies of the 1987 World Almanac I enclose my checkmoney order for $735 for each copy order (This includes postage & handling ) (PLEASE PRINT - THIS IS YOUR MAILING LABEL) Name — — State City Zip MAKE CHECKSMONEY ORDERS PAYABLE TO: The World Almanac Allow four weeks for delivery The Almanac is also available at The Tribune Library Room 201 143 South Mam Salt Lake City Utah and at area book stores for $595 plus tax I Highway Panel Approves $216 Million for Project in Sevier 1-- 70 By Dave Jonsson Tribune Staff Writer The Federal Highway Administration has approved an allocation of $21 6 million in discretionary construction funds to the Utah Department of Transportation enough to fund the concrete surfacing of Interstate 70 between Belknap and Elsinore in Sevier County The department applied for the additional funds after obligating the state's total amount of previously authorized funds the money represents a share of construction funds previously allocated to other states but turned back in because for one reason or another they couldn’t be used The money comes none too soon Utah like all other states is facing a funds shortage later this year because Congress failed last year to reenact the highway funding package UDOT officials said they may be able to advertise for bids from contractors for the Belknap to Elsinore section as early as Jan 24 Work will involve concrete surfacing of nearly 20 miles of interstate highway The project will also include building the structure at the Elsinore Interchange and highway signing The job is to take two seasons to complete Hoping to reach congressmen through their hometown newspapers and TV highway user groups are conducting a media campaign aiming to keep the subject fresh on the minds of congressmen home for the holidays Last session Congress failed to reauthorize highway funding — the first time this has happened — and the funding bill expired Sept 30 Utah highway officials said the discretionary funds allocation is a small relief valve to help tide the local construction industry over The Road Information Program (TRIP) a Washington-basepublic relations group notes in a press release that m Utah some $1277 million is at stake That money would provide 7751 construction jobs and repair 1020 miles of road or 210 bridges The money says TRIP Director Philip C Armstrong is being “held hostage" as Congress attempts to reach agreement on other highway d issues Utah Department of Transportation officials say the state will have to pare down its spending plans to about $60 million for the coming year and defer for one year several major freeway construction projects Had j Tax Law Needs Overhauling Utahn Says World Almanac Mail to: Address iii ijiyTyTjniiilpfiirTiyiyrppr Too Complex Unfair 4 1987 Sunday January ijyi the bill passed some $150 million would have been expected Thus only one major project is to stretch of go ahead- a running from Green River eastward to Floy Seven projects had been planned to be started this coming year Congress adjourned without having passed a new highway funding bill and road officials and contractors are worried that even with prompt action early this year the few months’ delay in funding approval may develop into a full year’s delay in construction - starts Many projects needing five or more months of warm weather to complete just couldn't be started in mid- - or and thus may have to wait until the following spring The Highway Users Federation another Washington-basegroup announced an “industry coalition" has been formed to press the 100th Congress to take up the funding matter first thing The groups note there are some $13 billion in highway trust funds held up by the inaction and states hdVe only about $4 billion in hand to tide them over TR Dowell Tribune Staff Writer The Tax Reform Act of 1986 originally promoted as a move toward tax simplification and fairness contains the most complex and unfair provision ever enacted according to many tax experts That includes Ernest T Psarras president of Manivest Corp 255 E 400 South who believes by the time Congress reconvenes in January enough congressmen and senators will have taken a closer look at a bill d that was through Congress” and will opt for changes — hopefully sooner than later He bases that on the fact he talked with all eight Republican congressmen from Utah and Wyoming to make them aware of some of the bill’s "devastating provisions" The seven who actually voted were against it and Sen Jake Gam who didn't vote because he was recuperating from surgery expressed his opposition to the bill “Even the tax conference committee has said there are Haws in the bill that will be corrected by future legislation” Mr Psarras said “However there are so many provisions particularly with respect to business concerns and real estate that will be irreparable by corrective legislation "How will Congress enact corrective legislation and undo the inevitable countless real estate foreclosures and ensuing bank failures that will occur in 1887?" Because of President Reagan’s pressure to keep the bill revenue-neutrthe result was making every possible change in accounting procedures and methods and creating many new filing compliances to increase tax revenues “The complexity of the new law will undoubtedly cause the costs associated with tax compliance during the next several years to increase dramatically which for the individual taxpayer will no longer be “ram-rodde- al "In order to enforce the new act because of the myriad complexities and new compliances the IRS will probably have to double its present staff” predicts the former IRS agent "As is plainly evident what was initially aimed at tax simplification and fairness has resulted in extreme opposites No one was really concerned about tax reform until gan made it an issue in his campaign’" Mr Psarras said "When he signed the bill the real truth came out — ‘Gentlemen we are making history’ He could care less about tax reform His prime interest was to make history during his presidency” The Reagomania that started the crusade was forcefully Injected by chairRep Dan Rostenkowskl man of the House Ways and Means Committee and Sen Bob Packwood chairman of the Senate Finance Committee "and was d through Congress the likes of which hasn't been seen since the US declared war on Japan" He notes when the act was initially presented in the House it was defeated Over the weekend the president met with several congressmen The following week when the bill was reintroduced it passed the House on a vocal vote "Is this our democratic system at work?" Mr Psarras asked "There is no doubt that nearly every business entity regardless of whether it is operated as an individual a partnership or a corporation over the next four years in spite of the lower tax brackets will have an increase in taxes and a substantial increase in tax consulting fees Some of the businesses will fail Others may reduce their employees to cover the loss in revenue Most of the entities will increase the cost of their goods and services to the consumer” he said ‘ Business in general will bear the e brunt of the reform act earners will save $200 to $400 in tax but will have a $1000 Increase In living costs so they lose D-I- ll R-O- ram-rodde- Low-incom- Middle-incom- e taxpayers will realize nearly the same results as the e earner unless they itemize deductions and in most instances will have a tax increase “The only other group left is the wealthy” Mr Psarras said "With the reduction in tax brackets from 50 percent to 28 percent they will have a windfall President Reagan’s taxes will go down by 25 percent” Mr Psarra eels the results of the recent election in which the Democrats gained control of the Senate “is a clear sign of public disenchantment with the current administration Whoever is claiming the economy is ‘rosy’ must be wearing d glasses with blinders A tax reform bill with frank admissions from its writers and proponents of several evident flaws and Inequities has to be another matter of concern to the American public" Mr Psarras said Rep Rostenkow-sk- i has recently made the statement that in the urgency to enact reform legislation that the reform will be most damaging to real estate Sen who Is now Lloyd Bentsen rose-color- ram-rodde- chairman of the Senate Finance Committee and was on the tax committee was against the reform act provision pertaining to real estate He favored a grandfathering provision on existing real estate making the act effective for real estate acquired after Jan 1 : 1987 "I heartily recommend that Rep Rostenkowski and Sen Bentsen consider an amendment before the damage is beyond repair” Mr Psarras said “With respect to the rest of the act I recommend that Congress in the very near future enact legislation moratorium providing for a one-yebefore the tax reform act takes effect During that time appoint a committee to study the provisions ofihe act its effect on the various aspects of our economy and recommend corrective changes to avoid a tax chaos If the act goes into effect in its present posture I will sympathize with the congressmen running for in two years who voted for the bill and who will be victims of the inevitable tax revolution" he saicLj With Surplus’ Contest A ‘Save The Utah Division of Surplus Property is sponsoring a "Save With Surplus” contest for all participants of the Federal Donation Program "Past practices formerly considered adequate must be improved with innovative and effective changes to ensure the maximum return from each budget dollar by this division and our customers" said Bill Arnseneau division director The idea behind the contest is to “increase awareness of the tremendous savings available by effective utilization of federal surplus property" according to a news release Applications and proposals must be submitted to the division by Feb 23 Three prizes — ranging from $250 to $1000 — will be awarded for tbe best suggestions Those eligible are all Utah stale agencies local governments universities school districts health organizations and other groups that have qualified to participate tn the federal surplus property pro3ii gram ' non-prof- it New Office Hours Budget cuts are forcing staff reductions at Salt Lake County’s motbr vehicle registration office at the State Fairgrounds Don Carter division director says the operation at 1095 Motor Vehicle Ave will open at 8 am instead of 7 am It will close at 5 pm late-summ- d 'Top Quality COMPUTER TABLES MANY VARIATIONS AVAILABLE PRINTER STAND 12900 SHELF RACK The highway trust fund is supported from gasoline taxes and the user groups noted that that law remains in effect with taxes being collected on every gallon sold "Consumers are still paying the 9 federal gajoline tax but the money is not being used for new projects" said Lester P Lamm president of the Highway Users Federation "That’s the worst of all possible worlds i? cents-per-gallo- n The 99th Congress was unable to reach agreement on such issues as the 55 mph speed limit the use of federal funds for toll roads the number of “demonstrations" projects to be allowed outdoor advertising and the Davis-Bacowage provision he said "The highway funding reauthorization is far more important than these issues which must not be allowed to hold up the entire national road improvement program" he said in the prepared statement 4000 20400 TV 6995 South I 79 95 Reg 30 x 7 x 20h BONUS: PARTS AND LABOR WARRANTY ?9 WITH THIS AD OFHR Therapist to Speak Elliot Landau of Affiliated Psychotherapists and the University of Utah department of educational studies will be guest speaker at a meeting of the Utah Parents for Children’s Rights Monday at 6 45 p m in the Salt Lake City Public Library 209 E 500 CART WITH CASTERS n Tt: High technology and i2 XPIRES low rrc 123186 THI WOOD HOUSE prices SANDY 232 W 9000 So 562-060- 180 EAST 2100 SOUTH 6 OREM 464 S State 225-766- 3 486-575- 7 Person to person “That’s what makes a Westminster education unique” STOREWIDE SALE 30 to 50 At Westminster College of Salt Lake City we have a different process of learning— a better one It’s called learning from each other And it means you’re not just a face in the crowd but part of a community of learners who care about your ideas your plans makes classes What it happen? Small Quality faculty who share your interests Classroom settings that give you the chance to experience analyze participate That process is valuable And it distinguishes a Westminster graduate Find out about the personal touch that is part of the Westminster experience Call us at 0 Classes begin off 488-428- DoviJ GuuUrre Philowijihv'Ti Class of l'W7 January 6 iiw Mllor DURING JANUARY u Commercial and Residunlidl Design Studio 2182 Highland Drive Sugar House 487-597- Sc fr Mr A ' Westminster College riLLi go j OF SALT LAKE CITY 1840 South 1300 Hast - Salt Lake City Utah 84105 I |
