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Tax Reform #311526

CBS Evening News for Sunday, Aug 17, 1986
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(Studio: Susan Spencer) Report introduced.

(DC: Phil Jones) Senator Robert Packwood and Representative Dan Rostenkowski reported reaching compromise agreement on tax reform bill; details given, scenes shown. [ROSTENKOWSKI, PACKWOOD - praise joint effort.] Details of new bill outlined on screen, explained. [Tax accountant Ira SHAPIRO - expects changes in consumer spending.] [ROSTENKOWSKI - doesn't believe recession will result.]

(Studio: Susan Spencer) Report introduced.

(Santa Barbara, California: Jacqueline Adams) President Reagan's reaction to bill described. [Courtesy "Meet the Press", Treasury Secretary James BAKER - attributes conferees' success to President] Remaining differences between Rostenkowski and Baker explained.

Adams, Jacqueline;
Jones, Phil;
Spencer, Susan

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