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Economy / Tax Cut / Steel Industry #46143

ABC Evening News for Thursday, Oct 13, 1977
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(Studio) President Carter says he'll propose tax cut next year, but size and time depends on economy Major concern is decline of steel industry Today, industry and union leaders go to White House to ask President for help.
REPORTER: Harry Reasoner

(DC) Ind. and union leaders want foreign steel kept out of US; Carter says trade barriers aren't answer, but he will enforce laws preventing dumping of cheap foreign steel on American market Some experts say real problem isn't Japanese and German competition, but that American industry is out of date.
REPORTER: Ann Compton

(Sparrows Point, MD) Modernizing industry and cleaning up its air and water will cost billions; industry says it can't do it without profits being higher, probably meaning higher prices. Ex. cited is Bethlehem Steel plant at Sparrows Part, MD.
REPORTER: Dan Cordtz

Reporter(s):
Compton, Ann;
Cordtz, Dan;
Reasoner, Harry
Duration:
00:02:40

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