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President, Congress / Energy, Economy Program / Compromise #36507

ABC Evening News for Tuesday, Mar 04, 1975
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(Studio) President vetoes congress bill to delay tariffs on imported oil.
REPORTER: Howard K. Smith

(White House) President voluntarily agrees to postpone for 60 days his plan to impose 2nd and 3rd stage of tariffs on imported oil; Congress to permit President to retain initial $1 per barrel increase [PRES. - says he's delaying import tariffs so Congress can speedily enact income tax cut. Tax cut needed to boost economy]
REPORTER: Tom Jarriel

(Capitol Hill) Democrats agree to postpone efforts indefinitely to override President' veto of oil bill. Vehicle of compromise between Congress and President likely to be Al Ullman's House Ways and Means Committee's energy plan. [Senator John PASTORE - says President gracious and cooperative; confrontation won't solve problem.] [Senator John TOWER - says Ullman's proposal closer to President' than Democratic party's plan; Ullman's proposal to be springbd. toward compromise.]

Clark, Bob;
Jarriel, Tom;
Smith, Howard K.

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