At 23:22 7/17/96, E. ALLEN SMITH wrote: [...]

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FCC Chairman Hundt Sees Tax On Telecom Industry

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FAJARDO, Puerto Rico - A small tax will probably be imposed on telecommunications companies' revenues to subsidize telephone access in rural areas and help wire classrooms for the Internet, Federal Communications Commission Chairman Reed Hundt told the nation's governors.

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But ensuring that residents in sparsely populated areas have access at affordable rates and meeting the administration's goal of wiring every classroom in the nation for Internet access will require annual subsidies of about $10 billion, Hundt said.

Ten billion today will of course mean 100 billion tomorrow. -- Lucky Green <mailto:shamrock@netcom.com> PGP encrypted mail preferred. Defeat the Demopublican Unity Party. Vote no on Clinton/Dole in November. Vote Harry Browne for President.