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Economy: Budget #330354

CBS Evening News for Tuesday, Oct 09, 1990
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(Studio: Bob Schieffer) Report introduced.

(White House: Wyatt Andrews) President Bush reported offering to accept increase in income tax for the wealthy in exchange for cut in capital gains tax as part of federal budget deficit reduction plan; Bush noted signing limited emergency bill; threat of another government shutdown noted. [BUSH - makes announcement.] [Senator Bob PACKWOOD - responds.] [BUSH - comments on shutdown.] [Federal WORKER - resents being used as a pawn.]

(Capitol Hill: Linda Taira) Congressional negotiations examined; scenes shown of lobbyists outside Senate Finance Committee; budget proposals outlined on screen. [Senator Phil GRAMM, Representative William GRAY - give opposing opinions of tax hike.] [OMB director Richard DARMAN - comments on negotiations.]

Reporter(s):
Andrews, Wyatt;
Schieffer, Bob;
Taira, Linda
Duration:
00:04:20

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