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Economy / Possible Tax Incr. #472543

NBC Evening News for Thursday, Sep 13, 1973
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(Studio) President considers 10% surcharge on all personal and corporate income tax to combat inflation. Plan outlined. President to break campaign promise if surcharge imposed.
REPORTER: John Chancellor

(White House) President cnsl. Melvin Laird states many plans to be considered to lower inflation. [LAIRD - charges Congress responsible if President raises taxes.] Laird speaks with House Ways and Means Committee with regard to tax plan.
REPORTER: Tom Brokaw

(Capitol Hill) [Acting chairperson Ways and Means Committee Representative Al ULLMAN - opposes surcharge because little man must bear burden.] [Chairperson Fin. Committee Senator Russell LONG - believes President should present own case for surcharge.] Skepticism flavors whole argument.
REPORTER: Irving R. Levine

Brokaw, Tom;
Chancellor, John;
Levine, Irving R.

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