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(Studio) Senator ends surtax stalemate.
REPORTER: Walter Cronkite
(DC) President Nixon called Senator Mike Mansfield's proposals to extend surtax until November with tax reform added, unacceptable. [Senator Russell LONG - says if surtax expires, that will be end of it.] House passed 15-day extension of authority to withhold tax. Representative Hale Boggs blasts Mansfield for refusing to accept that. [BOGGS - distressed that Senate Democrats playing game. House institutes tax measures under Const. Senator has foreign affairs. Strange Mansfield hasn't conferred with me, Wilbur Mills, John McCormack, or Carl Albert.] [Vice President Spiro AGNEW - says administration not adamant on House bill. But objective not gotten by Democratic policy committee ] Republican leader Senator Everett Dirksen warns surtax's end could mean inflation. Mansfield says compromise would save it. Democrats offer to extend surtax for 6 mos. Compromise still has to be worked out.
REPORTER: Bruce Morton; ARTIST: Howard Brodie
- Cronkite, Walter;
- Morton, Bruce
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