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Economy: Budget #330069

CBS Evening News for Tuesday, Oct 02, 1990
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(Studio: Dan Rather) President Bush reported making broadcast speech tonight to build support for budget deficit reduction package; details given of cuts and taxes. [At White House, BUSH - talks to business group about package.] Report introduced.

(Capitol Hill: Bob Schieffer) Congressional opposition to budget package examined; scenes shown of Bush meeting with House Republicans. [Representatives Ron MARLENEE, Don SUNDQUIST - give opposing opinions.] [Challenger to Illinois Senator Paul Simon Representative Lynn MARTIN, Senator Tom HARKIN, Democratic pollster Geoffrey GARIN, United Conservatives of America Richard VIGUERIE - comment on political danger from supporting budget package.] House Democrats noted postponing vote to allow Bush more lobbying time.

(Studio: Dan Rather) Report introduced.

(Studio: Ray Brady) New taxes said hitting middle class hardest; details outlined on screen. [Financial analyst Felix ROHATYN, Citizens for Tax Justice Robert McINTYRE, MAN - comment.] Package noted neutralizing effect of 1986 Tax Reform Act, which was designed to reduce tax shelters for rich.

Brady, Ray;
Rather, Dan;
Schieffer, Bob

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