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Tax Bill / Debate #205828

CBS Evening News for Friday, Sep 05, 1969
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(Studio) Sen, Majority Leader Mike Mansfield says Tax Reform Bill may not get final action for year Debate in Senate Finance Committee,
REPORTER: Walter Cronkite

(DC) Senator Albert Gore accuses administration of writing rich man's tax bill, [GORE - says 50% limit on taxes not right and I'll fight it,] [SPOKESPERSON - says not possible for those in high brackets to have big amts, of capital gains in relationship to regular income and pay only 25% tax. For those with $100,000 and over, there's 3% increase tax, Rest have reductions.] Govt. defends 50% ceiling by saying wealthier taxpayers tried to find loopholes at 70%.
REPORTER: Hal Walker

Cronkite, Walter;
Walker, Hal

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