CBS Evening News for Tuesday, Mar 18, 1975
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(Studio) Senator indicates it's prepared to approve only partial appeal of oil and gas depletion allowance.
REPORTER: Roger Mudd
(DC) Republicans believe President may be willing to approve $25 billion tax cut if Congress to hold down spending and agree to drop amendments to tax bill to which administration objects, incling. repeal of oil depletion allowance. [Representative Elford CEDERBERG - says President willing to compromise tax bill, but objects to huge budget deficits.] Later, President calls for immediate tax cut when John Dunlop sworn in as Secretary Labor. [PRES. - praises Dunlop. Says Dunlop requested tax cut even before administration formally requested it.] Dunlop to meet tomorrow with top officials of Teamsters Union.
REPORTER: Bob Schieffer
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