NBC Evening News for Wednesday, Apr 19, 1972
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(Studio) gross national product grows $30 billion for 1st quarter of year, but most of gain said due to inflation. Commerce Secretary Peter Peterson admits inflation (at 6.2%) is a tough problem. Treasury Secretary John Connally speaks to American Society Newspaper Eds., on tax loopholes.
REPORTER: John Chancellor
(DC) [CONNALLY - cites tax deductions which he fails to agree can be called "loopholes." Defends United States tax structure.]
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