NBC Evening News for Wednesday, Apr 24, 1974
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(Studio) Director of Cost of Living Council John Dunlop predicts inflation to increase beyond economists' earlier forecasts. Senate Democrats caucus to discuss inflation and decide to continue wage, price controls. Democrats also want tax cut.
REPORTER: John Chancellor
(Capitol Hill) [Senator Hubert HUMPHREY - supports tax cut.] [Senator Russell LONG - believes Senator to pass measure; House reaction unknown.] Secretary Treasury designate William Simon defends position against tax cut at Senate hearing. [SIMON - objects to tax cut.]
REPORTER: Irving R. Levine
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