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Tax Cuts #284474

CBS Evening News for Saturday, Jun 26, 1982
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(Studio) Cut in income tax noted going into effect Thursday
REPORTER: Bob Schieffer

(DC) Significance of tax cut noted. Reagan administration said hoping tax cut will stimulate economy out of the recession. [Treasury Secretary Don. REGAN - talks of cut.] Effect on cut by elevation of local taxes in some places noted. Ohio example cited. [Representative David OBEY - says increased state taxes due to deficits will eat up federal tax cuts.] [Former Assistant Secretary Treasury Paul Craig ROBERTS - blames recession on delay in tax cut.] Tax cut said blamed by some for high interest rates. [Joseph PECHMAN - faults tax cut.] [PEOPLE - react to tax cut.]
REPORTER: Jacqueline Adams

Adams, Jacqueline;
Schieffer, Bob

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