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Economy: Budget Impasse / The Rich and Taxes #125307

ABC Evening News for Tuesday, Oct 16, 1990
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(Studio: Peter Jennings) Report introduced.

(Capitol Hill: Jim Wooten) Daily Congressional debate over budget proposals featured; scenes shown. [Representatives Leon PANETTA, Bill FRENZEL - criticize opposite party's plans.] [Representative Dan ROSTENKOWSKI - tells public the bills are coming due.] [President BUSH - says he will veto plan that raises taxes.] Senate bipartisan plan noted. [Senator Ernest HOLLINGS - comments on various budget "flavors."]

(Studio: Peter Jennings) Report introduced.

(Pasadena: Brian Rooney) Question of who are the "rich" to be taxed examined; scenes shown from California to illustrate the lifestyle of one family making over 100,000, the income figure Representative Dan Rostenkowski cited as "rich." [In Congress, two PEOPLE - say let's tax the rich and wealthy.] [Peter MORAN - talks about family income.] [Economic Policy Institution Larry MISHEL - analyzes incomes.]

(Studio: Peter Jennings) Median family income cited.

Jennings, Peter;
Rooney, Brian;
Wooten, Jim

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