CBS Evening News for Friday, Aug 06, 1976
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(Studio) Senator winding up action on tax bill that started out as reform but became something more.
REPORTER: Roger Mudd
(DC) Bill is called tax reform measure but has permanent extension of tax cuts of last year Parts of bill noted. Controversy widespread over whether bill is really tax reform. [Senator Ted KENNEDY - says dramatic benefits of legislature have gone to big special interest groups.] [Senator Russell LONG - says loopholes all depend on point of view.] Wide differences in House and Senator bills will probably cause it to be rewritten in conference
REPORTER: Marya McLaughlin
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