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Debt Ceiling and Taxes #17773

ABC Evening News for Monday, Jan 31, 1972
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(Studio) Nixon Admin. plans no new taxes, although Federal Govt. must deal with increased deficits.
REPORTER: Harry Reasoner

(Capitol Hill) Treasury Secretary John Connally and Budget Director George Shultz ask House Ways and Means Committee for higher mtl. debt ceiling. [Acting Chairperson, Ways and Means Committee, Representative Al ULLMAN - says Admin. evasive about need to raise taxes in election year] [CONNALLY - says Admin. recommendation for ceiling on spending to preclude need for higher taxes.] One committee mbr. thinks tax package being prepared secretly by President Aide Henry Kissinger.
REPORTER: Bill Zimmerman

Reasoner, Harry;
Zimmerman, Bill

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