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Carter / Energy Plan #251585

CBS Evening News for Thursday, Apr 21, 1977
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(Studio) Reports to follow with regard to reactions to tax on gasoline and on big cars.
REPORTER: Walter Cronkite

(Detroit, Michigan) Auto. mfrs. concern is big car tax would discriminate unfairly against large families who need big cars. However, General Motors Corporation chairperson Thomas Murphy expresses general support for conservation plan, and is echoed later by other mfrs. [MURPHY - is convinced what's best for nation is best for GM. Cites objections to big car tax.] [Auto dealer Walter CZARNECKI - believes public will buy big cars for remainder of year, on belief it will be last chance.] Early reports are that next year's cars will be smaller and more fuel efficient with or without energy bill.
REPORTER: Don Webster

(Los Angeles, California) Report on California motorist reaction to Carter gasoline tax plan. [MEN - cite reactions.] [Los Angeles Mayor Tom BRADLEY - says south California and rural areas of nation have no alternative to car use.] Bradley's proposal to aid south California's gas usage problem noted.
REPORTER: Terry Drinkwater

(Studio) Oil industry will also feel impact early.
REPORTER: Walter Cronkite

(Dallas, Texas) Oil industry reaction is generally favorable in view of Carter approach, but is disappointment with regard to lack of incentives for research. [Exxon senior Vice President Jack CLARKE - says industry needs cash flow for development] [Hunt Energy Corporation president Herbert HUNT - says tax to force conservation doesn't help problem of money for research.] [Independent producer Max THOMAS - says it's time authority told American people there is energy shortage.] Pols. from Texas, Louisiana and Oklahoma promise to fight to be able to keep as much natural gas as needed in producing states.
REPORTER: Eric Engberg

(Studio) To consumers, plan means more expenses.
REPORTER: Walter Cronkite

(DC) Admin. officials haven't final figs. on cost to consumers, but crude oil tax would be big part. [Federal Energy Administration chief John O'LEARY - notes possible costs; says it will come back in rebates and tax credits.] Other cost rises noted.
REPORTER: Nelson Benton

(Studio) Estimate of plan's cost to government, by OMB director Bert Lance, noted. For. reaction to plan general favorable; comments of European Common Mkt. and British energy department cited.
REPORTER: Walter Cronkite

Benton, Nelson;
Cronkite, Walter;
Drinkwater, Terry;
Engberg, Eric;
Webster, Don

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