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Senate / Tax Bill #239060

CBS Evening News for Friday, Mar 14, 1975
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(Studio) Senator Fin. Committee working on tax bill; far exceeds President' request.
REPORTER: Roger Mudd

(DC) Fin. Committee approves bill providing more than $29 billion in tax cuts. Committee doesn't attach repeal of oil depletion allowance to tax bill; however, fight over oil depletion allowance likely when bill reaches Senate floor. Details of committee 's tax bill outlined. [Senator Russell LONG - says bill to be biggest tax cut in history of cntry.]
REPORTER: Barry Serafin

(Studio) Yesterday, committee approved tax credit that would, in effect, reduce purchase price of home up to $2000.
REPORTER: Roger Mudd

(DC) White House not pleased with tax credit for home buyers. Later, President speaks to group of newspaper eds.; urges Congress to pass tax cut before Easter vacation next week [PRES. - says administration and American people waiting for Congress to catch up with them.] Monday, President goes on road again to sell econ., energy package.
REPORTER: Bob Schieffer

Mudd, Roger;
Schieffer, Bob;
Serafin, Barry

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