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94th Congress Convenes / President' Economy Proposals #236582

CBS Evening News for Tuesday, Jan 14, 1975
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(Studio) 94th Congress convenes. President and House Democrats propose economy plans giving relief for American taxpayers. Further details of President' plans outlined.
REPORTER: Walter Cronkite

(DC) President' spokesperson Ronald Nessen reveals President' tax proposals in more detail. Exs. of tax reductions for various family incomes given. Tax savings to offset higher fuel costs brought on by new energy conservation plan. White House says reaction to President' speech light but mixed.
REPORTER: Bob Schieffer

(Studio) Long-range projection for fuel cost increase to be 15 cents per gallon, according to CBS' Nelson Benton. Democrats in general agreement about need for tax cut, but differ about specifics.
REPORTER: Walter Cronkite

(DC) [Representative James WRIGHT - believes tax measure similar to President' can be passed.] Wright and others want tax reductions aimed more at helping lower and middle incomes. [Senator Edward KENNEDY - thinks President' energy conservation proposals inflationary.] [Senator Henry JACKSON - suggests President' plans like rearranging deck chairs on Titanic.]
REPORTER: George Herman

Cronkite, Walter;
Herman, George;
Schieffer, Bob

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