NBC Evening News for Friday, Jan 03, 1975
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(Studio) Econ. advisers agree economy needs tax cut of $10-20 billion. White House says nothing about it. President Ford signs trade bill. Congress insisted USSR must let more Jews out of country
REPORTER: Garrick Utley
(DC) Bill gives Ford power to negotiate with regard to tariffs and trade barriers. [FORD - says goals are to get more open market access, to assure fairer access to essential supplies at reasonable prices, to give citizens better chance to buy foreign goods and to modernize international trading system. Further goals are to help American inds. suffering from incrd. imports, and adjustment aid for workers, firms and communities.] AFL-CIO has little hope Ford will use power to protect American jobs. George Meany accuses Ford of inaction when 6 1/2 million out of work. Meany says labor leaders will map out own antirecession plans. Ford to give his in January 20 State of Union address. Press Secretary Ron Nessen quotes Thomas Jefferson adage "delay is preferable to error."
REPORTER: John Cochran