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Economy: Budget and Taxes #333093

CBS Evening News for Monday, May 07, 1990
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(Studio: Dan Rather) Report introduced.

(Capitol Hill: Bob Schieffer) Issues of budget deficit and new taxes examined; details given of background to negotiations between President Bush and Congress. [Senator Jim SASSER - says administration fears a shaky economy.] [Senator Bill FRENZEL - says perhaps taxes are due for a consideration.] Likely areas for tax increases outlined. [Representative Dan ROSTENKOWSKI, Senators Pete DOMENICI, Robert DOLE - comment on budget and taxes.]

(Washington: Phil Jones) Hidden tax increases by Bush, Congress and President Ronald Reagan from 1981-1990 reviewed. [Former member of the presidential economic advisory board Dr. Herbert STEIN - says Reagan raised taxes while giving the impression he did not do it.] [During campaign, BUSH - says "no new taxes."] [Governor Mario CUOMO - calls "read my lips" a fantasy.] [Governor Carroll CAMPBELL - talks about taxes.] Nationwide protests against tax increases noted; scenes shown from different sites.

Jones, Phil;
Rather, Dan;
Schieffer, Bob

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