Word: tariffers
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...quickly. To that end, the President should make whatever reasonable compromises are necessary to get his energy bill through Congress, even in truncated form (the bill has been in Congress eleven months). He should also let it be known that he is seriously considering supplemental measures - slapping a stiff tariff on imported oil, for example, if consumption does not come down. The damage done by dawdling on energy can hardly be overstated. Asks Chief Economist Hans Mast, of Switzerland's Credit Suisse Bank: " What are we to think of a President with a parliamentary majority who cannot...
...credit, in this form or a similar one, has passed the Senate three times, but has never come to a vote on the House floor. The Senate Committee on Finance recently passed this version of tax credit as an amendment to the wool tariff bill, and it awaits scheduling for the Senate floor. The student aid bill has been reported out of the Human Resources Committee, and as soon as the debate on the Panama Canal treaty is finished--maybe in a week or two--the student aid bill will race the tax credit to the Senate, with each side...
...Growing support in the House may force the power-wielders to permit a vote on the issue although some Congressional aides say the House would prefer to deal with the tax credit as part of a big, upcoming tax bill rather than as an unrelated rider to the wool tariff bill. The student aid package passed out of the House Committee on Education and Labor last week, and an aide for the committee said she expects a vote in the House next week...
...consistent with his previous social analysis. Harrington proposes that the United States and other advanced nations adopt, as "very modest first steps," the United Nations Conference on Trade and Development (UNCTAD) recommendations--price stabilization for important Third World commodities, increased Western aid to the Third World, a world tariff structure to encourage Third World industrialization, and a rescheduling of Third World debt payments. Throughout the book, however, the thrust of Harrington's argument has been that these very UNCTAD demands are not enough, because as long as they remain within the existing world structure of inequity they can offer...
Sensing a doublecross, Republican Senator Robert Dole of Kansas angrily accused Bergland of being in "open conflict with what the Congress has directed him to do." Finally, in early November the Administration imposed the tariff and established the support program. For no apparent reason, however, the regulations omitted refined sugar from the tariffs and were otherwise ineffective in curtailing the import of raw sugar before the Jan. 1 deadline. While the Administration delayed closing the loopholes for ten weeks, foreign sugar flooded the U.S. In December alone, nearly 2 million tons of sugar was imported, about six times the normal...