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Carter / Tax Reform #490819

NBC Evening News for Monday, Oct 10, 1977
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(Studio) President Carter is in process of making tax reform plans; spends wkend. at Camp David reading papers on taxes.
REPORTER: David Brinkley

(DC) Alleged details of tax reform package cited. White House may have to accept temporary tax cut next in order to get Congress to pass tax reform plan.
REPORTER: Judy Woodruff

(Studio) One provision of tax reform plan would be lessening of deductions on expense account meals for busmen.
REPORTER: John Chancellor

(NYC) Admin. wants limit on amount busmen. may deduct for expense account entertaining. People in business on Wall Street and Madison Avenue are concerned and owner of 21 Club predicts economy disaster. [MEN - cite reactions to proposed limits. Some say they pad expense accts.] Busmen. organization lobby to preserve business lunches and entertaining. REPORTER: Robert Hager

(Studio) Possible effects of plan on restaurant intake and size of staffs noted. IRS (Internal Revenue Service) would pick up some money on expense accts., but lose as much or more from lack of business in restaurants and lack of jobs on staffs.
REPORTER: David Brinkley

Reporter(s):
Brinkley, David;
Chancellor, John;
Woodruff, Judy
Duration:
00:04:20

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