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Economy: Budget and Taxes / Summit / New Taxes #332717

CBS Evening News for Tuesday, May 15, 1990
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(New York: Bob Schieffer) Reports introduced.

(White House: Wyatt Andrews) Opening round of budget summit conference between President Bush and Congress examined; scenes shown from meeting. [Senator Robert DOLE, Representatives Bob MICHEL, William GRAY, Senator George MITCHELL - talk about the meeting.] Positions of Democrats and Bush on budget and taxes reviewed.

(Washington: Eric Engberg) Kinds of taxes that can be "sold" to the public to try to handle the deficit examined. [Economist Henry AARON, former vice president Walter MONDALE - talk about taxes that can raise revenue.] Issue of a "value added" sales tax mentioned. [Chase Manhattan Bank chairman Willard BUTCHER - says United States is consuming too much.] [US Chamber of Commerce economist Richard RAHN - warns about recession.]

Andrews, Wyatt;
Engberg, Eric;
Schieffer, Bob

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