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Economy Proposals / Congressional Reaction #231750

CBS Evening News for Tuesday, Oct 08, 1974
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(Studio) Capitol Hill reacts to President' economy proposals.
REPORTER: Walter Cronkite

(Capitol Hill) Reaction generally follows party lines. 5% surcharge most controversial plan. [Senator John TOWER - believes plans should be viewed comprehensively.] [Senator Edward KENNEDY - thinks tax proposal full of loopholes.] [Senator William PROXMIRE - thinks unnecessary federal spending should be cut more, rather than burdening public with more taxes.] [Senator Chas. PERCY - approves of tax if no other way available to stop inflation.] [Representative Henry REUSS - doesn't think public will take kindly to surtax.]
REPORTER: Bruce Morton

Cronkite, Walter;
Morton, Bruce

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