Search the Archive

Economy / Tax Cuts #454648

NBC Evening News for Thursday, Oct 07, 1971
View other clips in this broadcast →

Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws. For any such use, please visit NBC NEWS Archives XPRESS.

(Studio) Treasury Secretary John B. Connally defends tax relief plan before Senator; says individual taxpayer from 1969-74 to have taxes cut a lot, while corps. to have taxes incrd.
REPORTER: John Chancellor

(DC) [CONNALLY - says we're asking for balanced program. Individuals get $36.8 billion cut. Corporation taxes incrd. $3 billion.] [Senator Fred R. HARRIS - asks why not take business subsidy of $6 billion and cut taxes of people earning under $13,000. Their spending would increase demand.] [CONNALLY - says should be balanced program.] Admin. feels industry should get tax break to buy more machinery to create more jobs; but 25% factory machines not used now. Critics say industry needs more customers, not machinery.
REPORTER: Irving R. Levine

Reporter(s):
Chancellor, John;
Levine, Irving R.
Duration:
00:02:00

Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.

Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.