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Economy / Tax Bill #13165

ABC Evening News for Wednesday, Oct 06, 1971
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(Studio) House gives Nixon's economic plan vote of confidence.
REPORTER: Howard K. Smith

(DC) House approves Representative Wilbur D. Mills' tax relief bill. Bill grants 7% investment tax credit to business; repeals auto excise tax and gives more tax breaks. Bus. gets $14 billion tax break over 3 years Consumers get $11.5 billion. Orgd. labor calls it bonanza for big business
REPORTER: Sam Donaldson

Reporter(s):
Donaldson, Sam;
Smith, Howard K.
Duration:
00:01:00

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