CBS Evening News for Tuesday, Dec 30, 1969
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(Studio) President Nixon signs tax reform bill with misgivings. All effects to be seen by 1973. To increase Social Security benefits. Pres, says bill good for reform, but bad for budget and cost of living.
REPORTER: Walter Cronkite
(DC) President signs bill. [President NIXON - calls Senate bill irresponsible and would have led to cost of living increase Compromise bill $6 billion less inflationary. Bill not completely satisfactory but beginning for making tax system fair.] President to submit balanced budget for next year May have new taxes or fund cuts to make up lost revenues. Signs coal mine health and safety act and $69 billion defense fund measure. He and Mrs. Nixon leave for California.
REPORTER: Hal Walker
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