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About Oregon daily emerald. (Eugene, Or.) 1920-2012 | View Entire Issue (Nov. 5, 1992)
President Bush vetoes $27 billion urban aid, tax bill NATIONAL WASHINGTON (AIM — l’rf!sid«nt Hush on Wednesday mado g<xKl his throat to veto tho $27 bil lion urban aid and tax bill, killing the measure because of its tax increases on businesses and upper-income Ameri cans. Ho signed the veto on Air Force One as he flow homo in defeat from Houston. Flush's action kills the measure because Congress has adjourned for the year It was Bush's 46th veto, several com ing after last month s adjournment. Only one veto - a bill tightening regulation of the cable TV Industry has been over ridden. "I am withholding my approval be cause it Includes numerous tax in creases. violates fiscal discipline and would destroy jobs anti undermine small business," Bush said in a written mes sage The lax bill contained elements of Hush's stalled blueprint for revitalizing the economy and luring businesses to hard-pressed inner cities and rural areas with enterprise zones "The urban aid provisions that were once the centerpiece of the bill have (men submerged by billions of dollars in giveaways to spocial interests.” be said. Some Republican lawmakers as well as Democrats had urged the president to sign the bill and nursed hopes that he would do so despite his pre-election vow not to raise taxes again Congress delayed sending it to the White House after final passage on Oct. H in a vain attempt to change Bush's mind. Dan Rostenkowskl. D 111 , chairman of the lax writing Hous*- Ways Bnd Moans Committee, was "disappointed but not surprised” by the veto, said a committee aide who declined to be identified The measure would have expanded tax breaks for Individual Retirement Ac counts, renewed tax breaks for research and restored the targeted jobs tax credit But it also included such tax Increases as limiting the deduction for job-related moving expenses to S10.000, requiring individuals with sizable amounts of in come not subject to withholding and large corporations to pay more tax in ad vance and taxing securities dealers' in ventories at market value. "The original focus of the bill — to help revitalize America's Inner cities — has been lost in a blizzard of special in terest pleadings." said Bush He said the rejected bill would have raised S33 billion in new (axes over five years "on a wide array of American fami lies. workers and small businesses ’* Offsetting tax cuts reduced the total cost of the bill to S27 billion. It would have created 50 urban and ru ral enterprise zones, repealed the 10 per cent luxury tax on boats, airplanes, jew elry and furs and denied the deductibil ity of club duos. It would have allowed individuals with incomes up to $75,000 und couples up to $100,000 to get tax deductions for IRA contributions. Currently, the limits are $35,000 and $50,000 respectively. The Rebuild L A. recovery organiza tion “expected the president's veto. ... It had become an election-year political football to the detriment of our cities' ur gent needs," Barry Sanders, the group's co-chairman, said in a statement Even conservatives cynical about Bush WASHINGTON (AP) — President Bush lost the election bo cause ho ditflnd from the core Republican agenda that has powered the party In the last three presidential elections, conservative loaders said Wednesday. A* they looked ahead to 199B. many conservatives took shots at Bush, not unexpected given their battles with him throughout his presidency. But tho tone signaled the harsh ness of the brewing fight among moderates and conservatives for control of the party. As they assessed tho outcome of an election In which Re publicans made no Senate gains and picked up fewer than a dozen House seats, even staunch Bush supporters acknowl edged the president's poor showing hurt other candidates "Those seats didn't need to have been lost," Republban National Committee Chairman Rich Bond said of several California congressional races won by Democrats "We just didn't gel the help from the top of the lirJiot." Conservatives were quick to blame Bush for the defeat, ac cusing him of abandoning Ronald Reagan's legacy. It was a morning-after escalation of a fight brewing throughout Bush's presidency, ospoclally since his 19«0 abandonment of his nromlae not to raise taxes. "Freed of tho burden of tho Bush Incumbency, conservatives and tho GOP again can bo tho unfet tered champions of change,“ said conservative activist Burton Yalo Pinos, a frequent Bush critic. "Freed from tho Bush in cumbency, conservatives and tho GOP again, as un der President Reagan, cam bo tho unfettered champi ons of Iho America’s pop ulist grievances against Washington’s oncrustod, Treed of the burden of the Bush incumbency, conservatives and the OOP again can be the champions of unfettered change.* — Burton Yale Pines, Conservative activist arrogant establishment. A* tho (tarty's moderates, including several governors, pre pare to mount an effort to move the party away from its anti abortion position and other platform stances they believe turned suburban votors away, conservative# signaled they were prepared for a fight. Like Pines, religious broadcaster Pat Robertson said the party nueded to go hack to the anti-tax. anti-spending conser vative themes that won for Reagan in 1980. “It's that coalition that needs to be rebuilt," Robertson said at a nows conference outside his Christian Broadcasting Net work headquarters in Virginia Beach, Va. Ironically, some Republicans said if Clinton had a mandate it was for a conservative agenda "The line-item veto, his conditional support for the North Amorican Free Trade Agreement, the death penalty, to beat the drum on the potential for intervention in Bosnia and get tough with Chine." retiring Minnesota Republican Rop. Vln Weber said In rattling off Clinton campaign themes. Perot supporters look to 1996 DALLAS (AH Some of Ross Porofa campaign aides said Wednesday ihal the IS million Americans who voted for him could form it third poli tical party if President-elect Clinton fails to revive the econ omy and cut the deficit "The basis for a third party is there if the group wishes to pursue that as an ultimate end I think it’s worth a lot of con sideration," said Orson Swin dle, executive director of Perot's volunteer organization. United We Stand. America. But exports on third parties and even some Perot associates said that the success of ('.Un ion's presidency would deter mine whether United Wo Stand will lie a potent political force And Perot's own future role re matncd unclear. The organization will remain active to promote the Texas bil lionaire's proposals for deficit reduction and economic reviv al. Swindle; said. The group might even form a political action committee to contribute to congressional can didates, aides said, even though I’orot constantly denounced these committees during the campaign as the tool of special interests But neither Swindle nor oth er aides could specify how Perot would work to keep his issues before the American public or whether he would consider running again in 1996 "We've got so many bridges to cross before we get there.” Swindle told the campaign's fi nal briefing for reporters. Still, "Koss Perot has got a great fol lowing Somebody l>elluvos in him onough to invest in a few bumper stickers." Perot held up one of the stickers, which read "Perot in '96," during his election night party at a North Dallas hotel. But Perot, who made no pub •Ross Pent has got a gnat following. Somebody believes In him enough to Invest In a few bumper stickers — Orson Swindle, United We Stand. America lie appearance Wednesday, was typically ambiguous about his political future: "If by 1996, every place I go, the only thing 1 can find is American-made cars to put on that bumper sticker, well they've cleaned out the barn, right?" Swindle said ho expected Perot, to finance United We Stand until it became self-sup porting Most incumbents get another term WASHINGTON (AIM - The tidal wave of untl incumbnncy never materialized but many of the two dozen House members and three senators swept out of office were dogged by puraona! scan dais or stigmatized by voter anger over ofTicial benefits. "I could not sustain tho tremendous amount of publicity that went against me,'' said Rep Albert Bustamante, D-Tex , after his eight-year tenure in Congress was ended on Tuesday Never mind the garbled syntax The message was still dear Bustamante was defeated by Republican Henry Bonillu. a 38-year-old television producer who hammered away at the San Antonio incumbent s alleged ethical shortcomings and his 30 bad checks at the Houso (rank. A federal grand jury, yot to hand up an indict ment. has boon investigating Bustamante for throe years. "What (votnrs) saw on tho other side was a guy talking about positive issues,” Bonilla said. Kcdistrictlng played a key role In removing oth ers from office, including former professional bas ketball player. Rep. Tom McMillen, D-Md. Others who lost in races that pitied them against fellow incumbents in redrawn districts were Reps. Ron Marlenoo, R-Monl.; David Nagle, D-towa; Jerry Huckaby, D-La.; and Clyde Hollo way. R-La., But about 93 percent of the 349 incumbents spoking re-election won — nearly equaling the 95 percent or better success rate incumbents general ly enjoy. Prominent casualties in House races included Rep Thomas Downey, D-N.Y.. a member of the post-Watorgate class of 1974 but writer of 151 overdrafts at the House bank; Rep. Nicholas Mav roulos. DM ass., indicted on racketeering and oth er charges In August; and Rep. Mary Rose Oakar. D-Ohio. tainted by 213 had checks and moved into an unfamiliar suburban district outside her Cleveland base. There will be at least 110 new faces in the 435 member body come January. But Democrats re tained their hold, apparently losing only nine seats from their current 268. In Arizona, Republican Rep. Jay Rhodes was hurt by the House banking scandal but also seemed to suffer from his hardline stand against abortion. Rhodes lost to Democrat Sam Coppersmith in a heavily Republican district. Coppersmith distrib uted a flier in the campaign's final days that showed a woman crying beneath the caption, "Congressman Rhodes wants to make abortion il legal — even if a woman is a victim of incest or rape. Congressman Jay Rhodes wants to make her a criminal." Losses for Senate incumbents were few and far between, and there was no evidence of a pattern. FREE SMALL l SANDWICH n SaAIMOWICHES With the purchase of another sandwich. After 4 00 p.m. (Offer good for small sandwich only) FREE DELIVERY (Evenings & Weekends) 344-1949 Across from u of 0 Bookstore Offer etpires IT 20 92 q&s- $3.69 Lunch special SANDWICHES Any small sandwich and soup of the day FREE DELIVERY (Evenings S. Weekends) 344-1949 Across from u of 0 Bookstore Offer eipires 11 50 92 J CUSTOM POINTED T-SHIRTS Lowest Ratesi