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Economy / Stock Market Report / Surtax #446787

NBC Evening News for Tuesday, Jul 08, 1969
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(Studio) Uncertain what Congress to do about surtax. Stocks fall to worst loss in 5 mos. Stk. Mkt. Report Senator wants tax reforms before agreeing to surtax. Secretary Treasury David Kennedy pleads for surtax before Senator Finance Committee
REPORTER: David Brinkley

(DC) [Senator Russell LONG - says we'll amend bill to make more fair and equitable tax structure.] [KENNEDY - says economy being balanced. Tax program must continue.] [Senator Albert GORE - says Admin. has "do-nothing" policy on interest rates and prices. Need vigorous and reasoned program. Difficult to vote for more taxes.] Kennedy says without surtax, wage and price controls have to be considered.
REPORTER: No reporter given

Brinkley, David

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