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Taxes / Ford / Woodcock / Council #33022

ABC Evening News for Thursday, Aug 29, 1974
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(Studio) White House indicates no actions on taxes yet.
REPORTER: Harry Reasoner

(DC) President Ford rules out tax increases this year Press Secretary Jerry terHorst calls it unrealistic with Congress being close to adjournment. Terhorst left door open for tax hike recommendation after January 1. Ford meets with UAW President Leonard Woodcock. [WOODCOCK - opposes across board tax increases Need cut for lower and middle incomes and increases for upper incomes and concession cuts from corps.] Ford names adviser Ken. Rush to head Wage and Price Council Treasury Secretary William Simon says council might need to set voluntary wage and price guidelines. TerHorst says council will consult with President 1st. Ford tells Americans to be tough with selves.
REPORTER: Steve Bell

Bell, Steve;
Reasoner, Harry

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