European Stars and Stripes (Newspaper) - April 18, 1992, Darmstadt, Hesse Page 4 the stars and stripes saturday april 18,1992bush proposal would expand student Loans by the new York times Allentown a. A responding to criticism of his record As the a education president a president Bush on thursday proposed expanding the Federal student loan program to include everyone who wants to take classes even part time. The White House presented Bush a proposal As a major new initiative but it seemed motivated As much by politics As by policy As Bush moves closer to the possibility of a Campaign against democratic gov. Bill Clinton of Arkansas. Clinton who has made Universal Access to government Loans for education a Centrepiece of his Campaign immediately criticized Bush a proposals. Bush unveiled his plan a retooled version of one already rebuffed by Congress during an appearance at a High school in Allentown in Pennsylvania a Lehigh Valley. The White House said the announcement and Bush a visit were not motivated by the primary in Pennsylvania on april 28, during which Bush Hopes to Clinch the Republican nomination. There Are important differences Between Clinton a ideas and Bush a. The Democrat is advocating creation of a government Trust fund that would lend Money to anyone who wants to attend College. The Loans would be repaid either on a sliding scale depending in in Coiry or through a term of National service. Bush opposes such a fund. His plan seeks to expand Access to private Loans or Loans made by the student loan marketing authority a quasi governmental Agency known As Sallie Mae. President Bush spells out his new student loan plan to students at Dieruff High school in Allentown a. Under Bush a proposal a person would not have to take a minimum number of courses to qualify for a loan. A think of the working Mother balancing her responsibility for her family and her Job against her own Hopes for the future a Bush said thursday. A a she a take one College course at a time but she does no to qualify right now for the Grant or loan that would help pay tuition. Our lifetime education and training account would help her get Back into the it would also permit Sallie Mae to sell up to $100 million in Bonds next year to make Loans to students at interest rates and repayment schedules that would depend on a recipients income after completing the person could borrow up to $25,000 during his or her lifetime from this fund Bush said but no More than $100 million in Loans could be made in any year. There currently is no limit on student Loans but they Are made at interest rates determined by the Market not income. The White House said Bush expected the plan to increase the number of americans seeking student Loans by Only about 2 percent a softens harsh attacks against Clinton Scranton a. Apr Jerry Brown has toned Down his attack rhetoric but still pegs rival Bill Clinton As a tool of $1,000 donors and the democratic party establishment. Clinton however is mostly ignoring Brown As the candidates Campaign for Pennsylvania a april 28 primary. As the Likely democratic nominee Clinton looked More As though he is rehearsing for the fall attacking president Bush for a Lack of leadership. The new muted Brown dismissed an Opportunity to revise his a scandal a we eke attacks on Clinton when he was asked about the Public a perception that Clinton Isnit trustworthy. A a in a rather let gov. Clinton address that particular problem. What in a saying is that if people want real change they re not going to get it with or. Clinton a Brown said. A your Campaign is about challenging the very people who Are now jumping on Clinton a bandwagon a the $1,000 donors the lobbyists the people who got us Here a he said. Brown had said he planned to lighten up after his devastating third place showing in new York which he blamed on the Nasty tone of the primary Campaign there. For the second time this month speeches by Clinton and president Bush collided a whether by coincidence or design. On april 2, Bush unveiled his plan to help the former soviet republics As Clinton delivered a foreign policy address. On thursday Clinton outlined his own economic plans to the University of Pennsylvania a Wharton school of business in Philadelphia saying he chose that site partly because it is a Symbol of the excesses of the 1980s. Bush discussed his education proposals at Dieruff High school in Allentown a. A it was Here at Wharton that Michael Milken got the idea to use junk Bonds a Clinton said. A it was Here at Wharton that by 198725 percent of the graduating class was going into investment he urged the audience to turn away from such pursuits and focus on a new spirit of service to country. His economic plan included a fully funded head Start an apprenticeship program for High school graduates with no plans for College and a National service Trust allowing anyone to go to College and pay Back the costs through service or a percentage of future earnings. He also proposed an investment tax credit and a new Enterprise tax Cut a permanent research and development tax credit and accelerated renovation of the nations infrastructure. Clinton called for an organized transition from defense to civilian production including Job training. Clinton discussing Bush a education plan said the proposal was a surprising switch coming a from an administration that has led an All out assault on College Aid. A they say in a Slick a Clinton quipped. Even pros have trouble breaking . Tax code Washington a certified Public accountants experts on the income tax said thursday the Law has become so Complex that the voluntary nature of the system is threatened. A maybe if More congressmen did their own taxes they would have firsthand knowledge Quot about How complicated the Law is said Robert m. Brown of Washington chairman of the lax simplification committee of the american Institute of certified Public accountants. The accountants released a blueprint for taking some of the complexity out of Law including a Campaign to communicate the need to taxpayers. There seems to be considerable doubt among taxpayers that the system can be corrected brow n said. Quot Phe government collects Money through a voluntary compliance tax system so enormous and Complex that. Half the nations lax filers a 52.6 million people a must pay a preparer to do the work Quot Brown told a news conference. L hat costs taxpayers As much As $40 billion a year Quot and it puts the entire voluntary compliance tax system at risk a he said. Leonard Podolin of Chicago chairman of the organizations tax executive committee said complexity is As bad for accountants As it is Tor taxpayers. Many lax issues facing Middle in come taxpayers Are so complicated that they require hours of work by professionals a work that filers just done to want to pay Tor. Buchanan vows to fight through California vote Hayfork Calif. A Republican presidential candidate Pat Buchanan said he expects to make peace with president Bush before november selection but not before making one last stand in California. Buchanan who campaigned thursday in this Timber town about 200 Miles North of san Francisco said the states june 2 primary represents the beginning of the end of a Campaign aimed at a reconnecting the government with the the conservative commentator vowed in an interview with the associated press to keep up his attacks on Bush and Quot Little Dan Quayle until after the California primary. A a in a going to fight. In a going to keep on fighting Quot he said. But he acknowledged that then a a in a ready to work to bring the party together in Houston Quot at the Republican National convention in August. Buchanan dismissed an ultimatum issued wednesday by Republican National committee chairman Rich Bond that he endorse the president once the nomination is a certainty or be denied a prime time role at the convention. Buchanan said that Bush would make the final decision on the challengers convention role and that a we done to need to negotiate with his Luggage Buchanan received a warm greeting from about 600 people who stood in trn. Rain for a rally in Hayfork. Hayfork a Economy largely depends on the lumber Industry but Timber harvesting in the National forests that surround the town has come to a virtual halt Over efforts to protect the habitat of the spotted owl a threatened species. A a in la give jobs to loggers before 11 owls 4,000 acres a Buchanan said
