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(Studio: Dan Rather) President Bush's budget speech previewed. Reports introd.
(DC: Lesley Stahl) Spending increases within Bush's budget discussed. Bush noted not planning to raise taxes. [Senator Bob PACKWOOD, Representative Leon PANETTA - comment on budget.] Reducing of budget deficit discussed; Gramm- Rudman act mentioned. Bush's capital gains tax cut examined. [Representative Dan ROSTENKOWSKI, PACKWOOD - criticize proposal.] [Representative Dick CHENEY - says Congress is subdued after pay raise debacle.] Problems facing Bush's budget noted.
(NYC: Ray Brady) Bush's view of government spending analyzed. [During his inaugural address, BUSH - comments on deficit.] [Econ. Nancy LAZAR - says government spending is excessive.] Govt. spending's impact upon deficit illustration [Committee for a Responsible Federal Budget spokesperson Carol COX - says budget authors portray bright economy future.] Amt. of interest resulting from budget deficit discussed. [Econ. Lawrence KUDLOW, financial analyst Lee SEIDLER - comment on budget.]
- Brady, Ray;
- Rather, Dan;
- Stahl, Lesley
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