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(Studio) Nixon sends tax reform package to Congress hoping to increase taxes on rich, while cutting taxes of poor.
REPORTER: Peter Jennings
(DC) Nixon to use "Robin Hood" approach. Wants to abolish tax for families on poverty level, tax those who never pay much; study charity and foundation gifts, and hobby farm deductions. Not much for middle class, but possible surcharge reduction.
REPORTER: Tom Jarriel
(DC) Nixon usurps reform ideas from Democrat Congmen. Republicans who see repeal of investment tax credit for business criticize Nixon plan. Feel Nixon has deserted them.
REPORTER: Bob Clark
- Clark, Bob;
- Jarriel, Tom;
- Jennings, Peter
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