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(Studio) White House reported rejecting Democrat tax cut plan.
REPORTER: Dan Rather
(DC) Mtg. of Ways and Means Committee shown. Details of 2-yr. plan outlined on screen. Democrat plan said expanding brackets for those paying no tax. [Representative Dan ROSTENKOWSKI - speaks of Democrat plan.] Conservative Democrats said more behind Democrat tax plan than they were with regard to budget. [Representative Toby MOFFETT - calls plan sop to rich.] Writing of tax bill next week predicted.
REPORTER: Susan Spencer
(DC) [Dep. press secretary Larry SPEAKES - says Democrat proposal falls short of mandate President feels was given by people in 1980 election.] Don Regan's lobbying of Senator Fin. Committee reported; scenes shown. [REGAN - believes Republicans will get what they want.] Conservative Democrat forum in House thought administration's best allies. After visit to White House, [Representative John BREAUX and Representative Phil GRAMM - speak of pattern of Democrat voting.] White House said still believing President will win on tax cut. President lobbying forces said at work in Congress
REPORTER: Lesley Stahl
- Rather, Dan;
- Spencer, Susan;
- Stahl, Lesley
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