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Johnson Budget / Provisions #200093

CBS Evening News for Wednesday, Jan 15, 1969
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(Studio) President' 1970 budget totals $195 billion; envisions surplus based on surtax continuation, tentatively endorsed by Nixon. Defense spending high, although Vietnam war expected to decline.
REPORTER: Walter Cronkite

(DC) Johnson signs budget with official family. [JOHNSON - grateful to Congress for passing tax bill and saving American dollar. Blessed with wonderful econ. advisers if can make it last few days with no depression. Difficult to be caught between incoming and outgoing President with tax question.]
REPORTER: Robert Pierpoint

(Studio) Budget incls. 13% increase in Social Security, and elimination of air mail with incring. postage to 7 cents. Other tax increases incld.
REPORTER: Walter Cronkite

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Cronkite, Walter;
Pierpoint, Robert

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