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Economy / Proxmire / Connally / Phase II #12792

ABC Evening News for Friday, Oct 01, 1971
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(Studio) Nixon economic plan controversial. Senator William Proxmire argues for more tax cuts, with retroactive pay to workers who lost raises due to wage freeze. Treasury Secretary John B. Connally says Cost of Living Council divided over phase II.
REPORTER: Howard K. Smith

(DC) [Senator Vance HARTKE - says taxpayers have right to know where United States is going; need to know about freeze on interest rates; doubts latter.] [CONNALLY - says doesn't make rash assumptions.] [HARTKE - asks for details.] [CONNALLY - says doesn't know about profits and interest freeze.] Connally talks to reporters of council division [CONNALLY - says may have sent individual reports to President' Council; doesn't agree on a lot; doesn't object to controlling interest if fair to Americans]
REPORTER: Sam Donaldson

Donaldson, Sam;
Smith, Howard K.

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