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Clinton / Tax Cuts #354638

CBS Evening News for Friday, Dec 16, 1994
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(Studio: Connie Chung) Report introduced.

(White House: Rita Braver) The political battle over tax reduction plans following President Clinton's middle-class tax proposal as detailed in his speech last night featured. [White House Chief of Staff Leon PANETTA, Treasury Secretary Lloyd BENTSEN, Secretary of Labor Robert REICH, Republican leader Representative Richard ARMEY - talk about cutting taxes.]

(Studio: Dan Rather) Report introduced.

(New York: Ray Brady) Reports that rising interest rates could offset the benefits of a middle-class tax cut examined; scenes shown of last night's presidential speech, a deficit projection graph from the Congressional Budget Office. [Economist Ed YARDENI - warns of higher interest rates.]

(Studio: Dan Rather) Rising mortgage rates expected to hurt home builders in the coming year reported; current construction figures cited.

Brady, Ray;
Braver, Rita;
Chung, Connie;
Rather, Dan

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