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Tax Reform / Oil and Gas Inds. #303830

CBS Evening News for Monday, May 27, 1985
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(Studio) President Reagan, promoting his tax reform proposals at Disney World today, said presenting them to nation tomorrow night. [REAGAN - praises his plan.]
REPORTER: Bob Schieffer

(DC) Oil and gas industry's reaction to President's initial tax reform plan recalled. [Independent Petroleum Association spokesperson Harold "Bud" SCOGGINS, oil producer Jack GRAVES - were shocked.] Basis of their complaints outlined. [Independent Petroleum Association spokesperson Jon Rex JONES - calls for vocal opposition.] Ind.'s lobbying of assistant treasurer secys. Ronald Pearlman, Margaret Tutwiler and Richard Darman noted. [SCOGGINS - describes their approach to administration] Group's appeal to Vice President George Bush described. [Representative Beau BOULTER - considers political reasons for Bush's support.] [Senator Don NICKLES - praises Treasury Secretary James Baker's business acumen.] Inds. representative by lobbyists with whom Baker met listed on screen; Nickles' lobbying of Baker, Don. Regan, Bush and Reagan described. White House photos shown. [GRAVES - recalls meeting with President; claims need for tax breaks to prevent nation's dependency on foreign oil.] Reagan quoted regarding his link of oil ind. tax breaks with national security [Representative Dan ROSTENKOWSKI - accuses White House of giving in to special ints.] National League of Cities, opposing administration's proposal affecting state and local taxes, said denied access to Baker, shunted instead to meet with Tutwiler. [League president George VOINOVICH - notes administration's attitude.] Oil industry's basis of lobbying success said political contributions and support; details given.
REPORTER: Lesley Stahl

Schieffer, Bob;
Stahl, Lesley

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