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Administration Tax Plan / Political Issue #237550

CBS Evening News for Wednesday, Oct 08, 1975
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(Studio) Admin. takes hard line against separating tax cuts from reduced fed. spending.
REPORTER: Walter Cronkite

(DC) Press Secretary Ron Nessen accuses Congress of whining and whimpering over Ford's tax plan. [NESSEN - says Ford can't accept Congress not being able to give people $28 billion in tax cuts and stop spending so much of peoples' money, too.] Ford meets with cabinet. Econ. aides go to Capitol Hill. [Treasury Secretary William SIMON - expects Congress to cut budget they haven't seen. It's difference between freedom and socialism.] [Federal Reserve Bd. Chairperson Arthur BURNS - says would have tax cut and expenditure cut take place concurrently.] Senator Hubert H. Humphrey calls Ford's plan phony. Nessen says people will make issue political
REPORTER: Phil Jones

Cronkite, Walter;
Jones, Phil

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