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Economy: Budget Impasse / Taxes #125479

ABC Evening News for Thursday, Oct 25, 1990
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(Studio: Peter Jennings) Continued debate over how much to cut Medicare spending noted. Report introduced.

(New York: Bob Jamieson) Allocation of new taxes in the budget package examined; statistics outlined on screen. [Tax experts Clinton STRETCH, Gillian SPOONER - comment on tax rates.]

(Studio: Peter Jennings) Report introduced.

(Washington: Stephen Aug) Impact of raising taxes on the overall economy examined; scenes shown from the Great Depression. [American University Thomas DIBACCO - points out that economic crisis of 1930's was exacerbated by President Herbert Hoover's tax plan; notes parallels in today's economic scenario.] [The Boston Company chief economist Allen SINAI - comments on recession.]

Reporter(s):
Aug, Stephen;
Jamieson, Bob;
Jennings, Peter
Duration:
00:04:10

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