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Wage-Price Freeze #16732

ABC Evening News for Thursday, Aug 19, 1971
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(Studio) Treasury Secretary John B. Connally, Junior accuses new economic policy critics of demogoguery; AFL-CIO President George Meany and exec, bd meet with Labor Secretary James D. Hodgson.
REPORTER: Howard K. Smith

(DC) [MEANY - says didn't discuss situation with Hodgson because you don't talk to janitor when have problem with landlord; Treasury Secretary John B. Connally doesn't understand workers' problems; contracts nullified by wage freeze should be renegotiated.]
REPORTER: Sam Donaldson

(Studio) Former chief economy adviser Walter West Heller testifies before joint econ. committee
REPORTER: Howard K. Smith

(DC) [HELLER - says new policy adds $5 billion tax relief for business on top of earlier $4 billion accelerated depreciation; economy stimulus of policy improperly directed.] Democrat congmen. may try to give more tax relief to consumers, less to business

Clark, Bob;
Donaldson, Sam;
Smith, Howard K.

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