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Tax Cut Bill #239211

CBS Evening News for Wednesday, Mar 26, 1975
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(Studio) Congress conference committee agrees on $25 billion compromise bill. House and Senator hope to vote final approval of bill tonight.
REPORTER: Walter Cronkite

(DC) Ford wanted $16 billion tax bill; final compromise version of House and Senator bill totals $24.8 billion. Details of individual tax cuts for `74 and `75 outlined; other provisions of tax cut bill reviewed. [Representative Al ULLMAN - believes package sound; to have tremendous effect on recession.] [Senator Russell LONG - thinks this bill to do much good.]
REPORTER: Marya McLaughlin

(White House) President still waiting for final copy of tax bill; Mr. Ford rptdly. concerned about bill. President meets with top economy and energy advisers this morning to discuss tax cut bill. This afternoon cong. Republican leaders summoned to White House for presidential meeting [Senator John TOWER - says he'll support presidential veto of bill.] President' spokesperson Ron Nessen says Mr. Ford to take several days before making final decision.
REPORTER: Phil Jones

Cronkite, Walter;
Jones, Phil;
McLaughlin, Marya

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