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Price Control / Small Business #222874

CBS Evening News for Monday, May 01, 1972
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(Studio) president Nixon's Cost of Living Council removes price controls from small businesses.
REPORTER: Walter Cronkite

(DC) Decision effects 26% nation's. payroll and 28% nation's. sales. A quarter of ntli's. economy is being freed from price regulations. [Cost of Living Council Chairperson, Donald RUMSFELD - says action is not step toward phasing out Phase 2. Says pay and price behavior of those being exempted will be watched, but competition should keep prices down.] Price Commission Chairperson Jackson Grayson opposes exemption as it will spur criticism. AFL-CIO will attack move as weighted against unions.
REPORTER: Daniel Schorr

Reporter(s):
Cronkite, Walter;
Schorr, Daniel
Duration:
00:02:10

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