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(Studio) House Ways and Means Committee opens hearings on Carter economy bill today. Comments of Treasury Secretary Michael Blumenthal with regard to tax rebates noted. Senator Republicans develop own economy plan.
REPORTER: Barbara Walters
(DC) [Republican Senate leader Howard BAKER - says congress Republicans must present alternatives to Democrat programs.] [New York Senator Jacob JAVITS - says Republican offers permanent tax reduction.] Details of Republican economy plan noted.
REPORTER: Frank Reynolds
(Studio) Effect of weather on economy noted; either plan must offset various effects.
REPORTER: Harry Reasoner
(DC) Report on 2 plans and what each would do for economy; economists question if either will offset effects of cold.
REPORTER: Dan Cordtz
- Cordtz, Dan;
- Reasoner, Harry;
- Reynolds, Frank;
- Walters, Barbara
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