European Stars And Stripes (Newspaper) - October 23, 1986, Darmstadt, Hesse Page 24 the stars and stripes thursday october 23,19b6 . Bases in Turkey on Alert after attack Ankara Turkey up . Military bases and installation in Southern Turkey have been put on Alert following an attack cd a nato facility at Mardin close to the syrian Border turkish government officials said wednesday kurdish insurgents believed to belong to the separatist kurdish Peoples party from it turkish initial attacked the Mantin radar base on sunday night shooting holes into a radar dish and firing a single rocket at the base. About 400 american military personnel at a nearby electronics intelligence station at Kirin clip were confined to base As a Hunt for the attacker continued wednesday the officials said. A Neucom spokesman told the stars and stripes that he could not discuss installation be curly As a Mailer of policy Hasenfus fells Abc he s guilty of charges Managua Nicaragua a in an inter View tuesday Ith Abc nightly news at a maximum Security prison outside Managua captured american Eugene Hasenfus said to guilty of everything they be charged. It s there. How can i say i was t carrying Small arms and munitions to their resistance meanwhile the attorney fun. Hasenfus said tuesday he needs More time with his american client to prepare an adequate defense against charges of terrorism and violating Public order. Abc said i Lasenius is sure he was working forthe Cia. And that he feels abandoned by the . Government. All i hear is negative reports saying thai Urey Don t know me that hey Don t know what happening Here. Somebody does he said. Hasenfus said he was working for a pay Check. And it s an established fact already. If i m considered a mercenary or a Soldier of Fortune that s it High demand forces mint to suspend Gold Coin sales Washington a because of unexpectedly heavy demand the . Mint has suspended sales of the new american Eagle Gold coins unlit next monday. Officials said their initial inventory of 800,000 coins was snapped up in the first two Days alter they went on Sale monday. We Are suffering with Success at the moment said Donna Pope director of the . Mini. The initial surge of demand was so great that they took All of our she said that the West Point n.y., Bullion facility where the coir Are being minted was working around the clock seven Days a week in an Effort to meet de Mand. The work schedule will mean that 150,000 ounces of Gold coins will be ready when sales resume. Pope said that because of the heavy demand the government will allocate its available Supply of coins to the 25 primary dealers authorized to Purchase Hie Coin directly from the mint. The mint is not Selling the coins directly to the Public but ii distributing them through the primary dealers to Coin shops and financial institutions around the world for resale. The coins have face values of $3. $10, j2s, and so but will Tell for More because of their Gold Content Pope said the believes the frenetic Selling Pace will Slacken once initial demand has been satisfied but she said it is Likely the government will sell More than the 2.2 million ounces of Gold coins first estimated for in initial year of the program. American express seeking of from Dod to sell american Eagle Frankfurt is investing in new american Eagle Gold coins could be As easy As dropping by your local military Bank if american express wins defense department approval to sell the Coin or d like to be Able to offer them Bank spokes Man Irocky Botcher said wednesday and we re looking into it. But As you know we have a contract with the department of defense and we can t just arbitrarily decide to begin offering the coins. We have to reach agreement with Dod the Coin the first general circulation Gold piece to be minted in America in More than half a Century went on sate monday. American eagles Are available with face values of $30, j25, $10 and $5 and contain Between one tenth and one Troy ounce of Gold. Cost of the coins fluctuates with the Price of Gold on the open Market. The final Price also contains a Premium to cover minting and other costs. Boecher would not speculate on How Long it would take to get approval to sell the coins adding that american express still has to prove there is a de he said the Bank looked into the possibility of sett ing Gold and other precious metals at military Banks overseas about five Yean ago but Wax turned Down by the Pentagon. At the Lime Dod decided that because of storage and transportation costs it would t be a Good , with these new coins being . Issue we Are resurfacing the Issue he said. American express provides banking services at Mili tary bases in Germany the Netherlands England Greece and Iceland. Boecher said Penniston to sell the coins could be added to the Bank s current one Yea contract through a letter of agreement. Tax from Page 1 Secretary of the Treasury James a. Baker Iii rep. Daniel Rostonkowski a Iii chairman of the House ways and Means committee Senate Republican Leader Robert dote of Kansas his democratic counterpart. Robert Byrd of West Virginia and other Law makers who played key roles in the lax Battle. The White House said sen. Robert Packwood r-ore., chairman of the Senate finance committee was out of town. The new Law at least five years in the making is one for which both political panics Are eager to claim cred it two weeks before the congressional elections. The president had put lax Reform at the lop of his second term Domestic Agenda the final version of the Bill was supported by most democrats and republicans in the House and Senate. The Bill makes the most sweeping changes in Federal tax Law in at least 32 Yean. Its chief authors Rostenkowski and Packwood say it is she broadest overhaul since the income tax was enacted in 1913, most of the changes go into effect next Jan. 1, Al though it will take As Long As five years for some of them to be Felt. In 1988. When most changes will be effective an estimated 76.3 million couples and individuals Wili get lax cuts averaging $801 about $400for a j30, taxpayer and 20.4 million will face tax increases averaging 11,742 a bit leu than 400 Ai the $30,000 level the new Law will remove from the income tax Rolls about 6 million of the working poor. It will shift about si20 billion in taxes from individuals to corporations Over the next five years reversing a decade old trend. It will require wealthy investors and profitable Compa Nies to pay a share of tax regardless of their deductions. And it will close off some lax shelter arrange ments designed More to avoid taxes than to turn Apro fit on Jan. 1, the present system of 15 individual tax rates 14 for couples will be compressed into five the top rate of 50 percent will drop to 38. Percent. A year Aier the permanent rates will become effective a Bottom rate of 15 percent which about three quarters of americans will pay28 percent and 33 per col the s 1,080 Persona exemption will be increased gradually to $2.000. Standard deductions for those who do not itemize will be boosted substantially. To pay for those changes taxpayers will have to give up All or put of some prize deductions. Write off for sales taxes and consumer interest and the special deduction for two earner couples will disappear As will the deduction for charitable contributions by non itemize is. Write offs for medical expenses and such miscellaneous expenses As Union Duel will be pared. Workers who Are covered by company pensions andean More than 125,000 $40,000 for a couple win lose some or All of the deduction for individual retire ment accounts. A less publicized Chance will require that in general workers be vested in their pension after five years on the Job. Capital gains profits front the Sale of property owned More than six months will lose their loot held preferential tax rate they will be taxed the Sames top corporate rate of 46 percent will drop to 34 percent. Business will lose the investment tax credit retroactive to Jan i 1986. And Many tax benefits targeted for specific industries win be scaled Back. Because of congress1 nub to pass the Bill it Hundred typing errors some of which Coom delay construction projects in As Many As 38 plates those Misia Ket Are expected to be corrected retroactively Early next year. The measure Abo contains hundreds of Spuccia Matei cat provisions designed to Benefit a Luttle project bust Ness or Industry. Kohl from Page 1 he said both the United states and Germany Are without illusions in regard to the soviet Union and its military threat. La his Toast to Kohl Reagan Laid tic Western democracies often face challenges that appear overwhelm ing but thai in the end Freedom will our Victory will not be realized by the crossing of Borders by Well equipped armies certainly not in their
