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(Studio) President-elect Nixon concentrates on fiscal policy. Paul McCracken named chairperson Council Economic Advisors. He and McCracken meet House Ways and Means Chairperson, Wilbur Mills, controller of tax legislature
REPORTER: Walter Cronkite
(NYC) Mills says Nixon to have less trouble with Democratic Congress than people think. Mills not so opposed to Nixon plan for tax aid to industry aiding in social welfare. [MILLS - outlines questions with regard to tax credits.] Re: 10% surcharge in income tax Mills holds firm. [MILLS - hopes surtax can expire June 30.] Nixon favors surtax abolition. [NIXON - assuming Vietnam war ended, there would be deescalation costs. Notes increase domestic spending.]
REPORTER: Dan Rather
- Cronkite, Walter;
- Rather, Dan
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