NBC Evening News for Thursday, Sep 13, 1973
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) 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