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Economy / President Ford #29551

ABC Evening News for Wednesday, Dec 11, 1974
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(Studio) President Ford to speak before meeting of busmen. with regard to economy White House aides review and update economy package proposed by President in October
REPORTER: Harry Reasoner

(White House) President Ford considering income tax cut as stimulant against recession. Aides recommend government offer special federal financing to help small business survive downturn in economy Aides also push high gasoline tax, but Ford still against measure. [Economist Arthur OKUN - states US must fight recession as well as inflation.]
REPORTER: Tom Jarriel

(Studio) Senator Republicans adopt own proposals to supplement and reinforce President' own econ. program. Details of proposals outlined. Senator Labor and Public Welfare Committee approves bill providing $6 billion worth of jobs for unemployed. Similar but less sweeping bill awaits action in House Economists at University of Pennsylvania predict economy to show improvements by middle of `75.
REPORTER: Harry Reasoner

Jarriel, Tom;
Reasoner, Harry

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