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Simon / House Committee / Economy #29051

ABC Evening News for Wednesday, Oct 09, 1974
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(Studio) Treasury Secretary William Simon appears before House Ways and Means Committee as it opens hearings on anti-inflation programs.
REPORTER: Howard K. Smith

(Capitol Hill) Committee comes down hard on 5% surcharge tax. [SIMON - feels confident Congress will pass surcharge.] [Representative Al ULLMAN - believes Ford econ. proposals tough enough for now, but tougher plan will be needed before inflation finally beaten.] [Representative Herman SCHNEEBELI - states Congress won't act before recess; public pulse to be taken. Most public reaction to surtax negative.]
REPORTER: Roger Peterson

Peterson, Roger;
Smith, Howard K.

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