Search the Archive

Campaign `72 / McGovern-Tax and Welfare Reforms #224549

CBS Evening News for Tuesday, Aug 29, 1972
View other clips in this broadcast →

Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.

(Studio) Senator George McGovern presents revision of tax and welfare proposals to New York Society of Security Analysts. Calls for elimination of tax breaks for capital gains.
REPORTER: Walter Cronkite

(NYC) [McGOVERN - calls for balanced full employment economy, reduction of defense spending.] McGovern would raise new revenue by cutting defense budget and reforming taxes. [McGOVERN - says no wage and salary earners will pay more taxes.] Tax reforms include measures to: tax capital gains, end oil and gas loopholes, reduce depreciation allowances, end tax shelters. [McGOVERN - proposes $15 billion to local school systems for property tax relief.] Welfare reforms would: add public service jobs, expand Social Security, pay those remaining on welfare $4000 for family of 4.
REPORTER: Bruce Morton

(NYC) [Some Wall Street brokers express skepticism, others say McGovern's new plan shows real fiscal responsibility.]
REPORTER: Joel Blocker

Reporter(s):
Blocker, Joel;
Cronkite, Walter;
Morton, Bruce
Duration:
00:06:30

Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.

Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.