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New Economy Policy #218765

CBS Evening News for Saturday, Aug 21, 1971
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(Studio) Democratic National Committee charges President Nixon's new economic policy favors big bus. over workingman; Senator George S. McGovern calls for 82% excess profits' tax on big business
REPORTER: Mike Wallace

(Austin, Texas) [Texas Governor Preston E. SMITH - says have been cooperating with Nixon in fighting inflation; issue is whether Nixon has power to undo Texas laws; believe can handle situation without help of former Texas Governor John B. Connally.]

(Studio) Japanese and United States busmen. discussing problems in Hawaii.
REPORTER: Mike Wallace

(Makapala, Hawaii) Japan concerned with 10% surcharge on exports to US; Japanese steel company president believes reprisals shouldn't be made against US.
REPORTER: Jim Kilpatrick

Kilpatrick, Jim;
Wallace, Mike

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