NBC Evening News for Friday, Sep 05, 1969
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(Studio) Tax reform bill closes most of loopholes. Tax on earned income never to be more than 50%. Senator Albert Gore thinks 50% not enough.
REPORTER: David Brinkley
(DC) [GORE - says makes it easy for high incomes to pay low rates. Through modifying rates we're reconcentrating wealth.] [Assistant Treasury Secretary Edward COHEN - says bill allows 3% increase in taxes to those making $100,000 and up. 5% to 56% cuts for those making less.] [GORE - calls it assault on principle of graduated income tax. Contrary to Cordell Hull tax system.]
REPORTER: No reporter given
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