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Ford / Tax Plan #480180

NBC Evening News for Monday, Oct 06, 1975
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(Studio) President Ford will make tax cut permanent and withholding rates will stay same. Cuts designed to save taxpayer $24 billion in 8 mos.
REPORTER: John Chancellor

(DC) Ford to make speech with regard to cut tonight. Ford going against advice of Treasury Secretary William Simon. Party conservatives may object. Ford still wants to hold down government spending. Most feel cut will help President politically. Press Secretary Ron Nessen says political considerations played no part in President' decision. Other spokesperson says Ford aware it would be unusual for President to advocate higher taxes in election year
REPORTER: John Cochran

Reporter(s):
Chancellor, John;
Cochran, John
Duration:
00:01:40

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