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Taxes / Capital Gains Tax Cut Issue #258534

CBS Evening News for Wednesday, Jun 28, 1978
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(Studio) Report on Treasury Secretary Blumenthal's testimony to Senate committee about capital gains tax reduction proposal.
REPORTER: Walter Cronkite

(DC) [Representative William STEIGER - states reason for support of plan, known as Steiger-Jenkins-Hansen amendment.] Blumenthal's testimony in behalf of admin., which opposes cut, noted; Senator John Danforth's debate with Blumenthal over administration tactics reported [DANFORTH - comments on administration actions in its opposition to various congress proposals.] [BLUMENTHAL - doesn't have to run for office, doesn't particularly need a job and must deal with facts, not assertions.] Attempts by both sides in tax cut issue to get on side of tax revolters cited.
REPORTER: Bruce Morton

Cronkite, Walter;
Morton, Bruce

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