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Nixon Speech / Wage-Price Freeze #17403

ABC Evening News for Thursday, Sep 09, 1971
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(Studio) President Nixon speaks before Congress
REPORTER: Howard K. Smith

(DC) Nixon asks Congress to pass tax proposals to stimulate personal, business spending. [NIXON - announces freeze to be ended after 90 days; says steps to be taken to assure United States not again afflicted by runaway inflation; spending increases without tax increases, tax cuts without spending cuts will result in higher prices.] Some form of wage-price restraints to be imposed beyond 90 days.
REPORTER: Tom Jarriel

(DC) [House Ways and Means Committee chairperson Representative Wilbur D. MILLS - thinks announcement that freeze will not be extended may weaken Nixon's bargaining position with interests outside government] [Senator Russell B. LONG - says Nixon made good speech; tax package will be improved by Congress; agrees tax proposals favor big business]

Clark, Bob;
Jarriel, Tom;
Smith, Howard K.

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