NBC Evening News for Wednesday, Jul 16, 1969
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(Studio) Admin. doesn't want wage and price controls to fight inflation. Press Secretary Ron Ziegler says controls out. President Nixon wants to pass surtax to fight inflation, so he puts on pressure.
REPORTER: Chet Huntley
(DC) Senator Everett Dirksen debates Senators Mike Mansfield and Edward Kennedy over need for surtax now. Mansfield says Democrats want surtax tied to tax reform and vote won't come until September Treasury Secretary David Kennedy meets with 25 big bankers on inflation. Senator Kennedy says taxpayers want reform now. Dirksen says Democrats play with economy dynamite. [D. KENNEDY - says would be bad if surtax not passed.] Says interest rates won't go higher, but key is surtax; not closing doors on any possibility.
REPORTER: Douglas Kiker; ARTIST: Leo Hershfield