Word: transition
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...from the probably worthwhile to the potentially disastrous. Ranked by their chances of becoming law, they are: 1) A bill to raise the federal gasoline tax 5?per gal. effective April 1 and use the estimated $5.5 billion a year in new revenues to repair highways, bridges and mass-transit systems. It passed the House last week by a resounding 262 to 143, but hit an unexpected snag in the Senate when three of that chamber's controlling Republicans began a filibuster. Senate Majority Leader Howard Baker predicts the bill will pass, but the measure may have...
...Congress to agree to more cuts in social spending, an equally high Reagan priority. He followed up two weeks ago by endorsing a congressional proposal to raise the federal gasoline tax 5¢ per gal. and use the money for repair of the nation's highways, bridges and mass-transit systems, although he had said as recently as September that only a "palace coup" could...
...expected to generate revenues of $27.5 billion over the next five years. Of that amount, 20% will be given out in discretionary block grants to states and cities to update and repair urban mass-transit systems. The remaining 80%, earmarked for highways, would be parceled out to Governors based on state population and miles of interstate highway. The program requires states to match 10% of the Federal Government's mass-transit grant and 20% of its highway contribution. Said the President in his regular Saturday radio address: "We simply cannot allow this magnificent system to deteriorate beyond repair...
...political chastening has been a surprising bipartisan consensus on some type of federal jobs program. In the lame-duck congressional session starting Nov. 29, the Democrats plan to introduce a bill to create some 600,000 jobs by rebuilding the nation's decaying highways, bridges, sewers and mass-transit systems. Sponsored by Wisconsin Democratic Congressman Henry Reuss, chairman of the Joint Economic Committee, it would be financed by scaling back Reagan's planned increases in defense spending and curtailing portions of his 1983 tax cuts. At his press conference last week, the President seemed receptive to a similar...
James Axton, American and middleaged, serves this conflicted arena. He is a member of a subculture, "business people in transit, growing old in planes and airports." His job: risk analysis of the executives in multinational corporations. But how does one determine the actuarial odds in the Persian Gulf? What is the revolution quotient in Bahrain, the kidnap potential of Beirut? Like expatriates before him, Axton, recently separated from his wife and son, oscillates between the thrill of exotica and the lost comforts of home. One of the Athens-based corporate transients with whom Axton spends ouzo-drenched evenings finds Americans...