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Simon / Senate Hearings / Tax Cut #31138

ABC Evening News for Wednesday, Apr 24, 1974
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(Studio) Senate Democrats want tax cut to deal with economy difficulties. Secretary Treasury designate William Simon insists tax cut won't help. Simon testifies at Senator hearings on his nomination
REPORTER: Howard K. Smith

(Capitol Hill) [Senator Vance HARTKE - asks if administration opposes tax cut.] [SIMON - admits it does; justifies his opinion with regard to tax cuts.] [Senator Walter MONDALE - says Simon has no proposal to help ease inflation on av. American] [SIMON - refuses to agree with Mondale's beliefs.] During hearing, Democrats caucus on inflation problem; decisions made during meeting reviewed. [Senator Edmund MUSKIE - thinks Congress should meet inflation problem head on.] Senator likely to vote tax cut despite Simon's and administration's opposition.

Clark, Bob;
Smith, Howard K.

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