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Economy: Bush and Taxes #333440

CBS Evening News for Wednesday, Jun 27, 1990
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(Studio: Dan Rather) Report introduced.

(Capitol Hill: Bob Schieffer) Issue of what taxes President Bush will be willing to raise now that plans are being considered for tax increases to deal with the budget deficit examined; scenes shown of meeting of OMB director Richard Darman with Congressional negotiators. [Senators James SASSER, Pete DOMENICI - say entitlements will have to be cut.] Opposition of House Democrats and many Republicans to new taxes noted. [Representative Martin SABO - comments.] [On House floor, Representative Gerald SOLOMON - opposes new taxes.] [On street, White House Chief of Staff John SUNUNU - quips with press.] [Vice President Dan QUAYLE - defends president.]

(Studio: Dan Rather) Report introduced.

(White House: Lesley Stahl) Reaction of White House to criticism of Bush's credibility following his shift on taxes featured; "New York Post" headline "Read My Lips...I Lied!" shown. Administration's strategy vis-a-vis Bush's image on taxes explained.

Rather, Dan;
Schieffer, Bob;
Stahl, Lesley

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