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Tax Reform Bill / Senate Reaction #201528

CBS Evening News for Thursday, Dec 11, 1969
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(Studio) Senator passes Tax Reform Bill 69-22, full of riders.
REPORTER: Walter Cronkite

(DC) Only 2 Democrats, Senators Russell Long and Spessard Holland voted "no;" 18 Republicans for bill. Bill raises personal exemptions from $600 to $800 and Social Security benefits to 15%. Gives tax relief to 12 million poor, but raises rich and corporation taxes by squeezing loopholes. [Senator Robert GRIFFIN - calls it low point in Senate Slap in the face to Senator John Williams and others who worked for tax reform. Calls it hodgepodge of political goodies.] [Senator Albert GORE - says administration and Republican Congress set against tax relief for man with most dependents.] [WILLIAMS - says a lot of people think they'll get Social Security increase and tax cuts. It's cruel hoax.] Williams refuses to serve as Senator conferee to House Congress Committee must resolve differences.
REPORTER: Roger Mudd

Reporter(s):
Cronkite, Walter;
Mudd, Roger
Duration:
00:02:50

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