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(Studio) Nixon administration settles for less on surtax issue.
REPORTER: Walter Cronkite
(DC) Senator passes 6 month extension 51-48. Senator John Williams led fight for 12 month extension, what House had passed and administration wanted. He lost 59-41. Republicans agreed 6 mos. better than nothing. House Democrat whip, Hale Boggs, says House Ways and Means Committee finished tax reform bill, with graduated relief for all earning less than $100,000 year [BOGGS - calls bill most significant in history of Congress It achieves tax equities with fiscal responsibility.] House leadership plans vote on Senator version Monday
REPORTER: Bruce Morton
- Cronkite, Walter;
- Morton, Bruce
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