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Taxes / Stock Market #491276

NBC Evening News for Friday, Nov 11, 1977
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(Studio) Carter admin's. kiss-and-make-up moves toward business noted. Secretary Treasury quoted with regard to tax cuts. Tax reform program thought stalled. Stk. market response noted.
REPORTER: John Chancellor

(DC) Secretary Michael Blumenthal's effort to win business community noted. Blumenthal's stance against tax reform package cited. [BLUMENTHAL - speaks of tax matters.] Blumenthal's opinion of Federal Reserve Chairperson Arthur Burns' anti-inflation position noted. [Senator William PROXMIRE - claims to be baffled by Blumenthal's statement.] [BLUMENTHAL - believes Burns is right.] Admin. attitude toward Burns considered. Solving of employment problems said dependent on business ability to invest and hire.
REPORTER: Irving R. Levine

(NYC) Rise in stock market noted. Film shown. Reaction of market to Carter election recalled. Now recession not anticipated. [Bache Haisey Stuart Shields Incorporated Larry WACHTEL - wants to hear more from Carter.] Brokers said happy today. Dow-Jones average given.
REPORTER: Richard Hunt

Reporter(s):
Chancellor, John;
Hunt, Richard;
Levine, Irving R.
Duration:
00:03:40

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