Search the Archive

Economy: Budget #313464

CBS Evening News for Friday, Nov 13, 1987
View other clips in this broadcast →

Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.

(Studio: Dan Rather) Labor Department reports for wholesale prices, food and energy costs discussed. Commerce Department's figures on retail sales also noted. Stk. Mkt. Report Budget summit and disagreement over necessity of taxation mentioned. Report introduced.

(DC: Lesley Stahl) Scenes from President Reagan's movie "This is the Army" shown. Reagan's aversion to taxation said dating back to early career when taxes were high. Democrat Walter Mondale's call to raise taxes mentioned. [MONDALE - (in 1984 campaign speech) would raise taxes.] Budget summit stalemate discussed. Feasibility of income taxes discussed. [Former deputy treasurer secretary Richard DARMAN - says people will react negatively to raising taxes after all the tax reform measures passed last year] Gas tax graphically illustrated. [DARMAN - says decrease foreign consumption of gasoline would be beneficial.] Democrats asserting that gas taxes are unfair to the poor noted. Taxes on cigarettes and alcohol also graphically illustrated. [Chairperson Ways and Means Committee Dan ROSTENKOWSKI - it is nearly impossible to raise taxes on alcohol and cigarettes.] Wealth and corporation taxes graphically discussed. Republicans' negative reaction to such taxes noted. Dilemma of Congress leaders and reducing budget deficit iterated.

Rather, Dan;
Stahl, Lesley

Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.

Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.