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Carter / Energy Plan / Auto Industries / Economy #493233

NBC Evening News for Thursday, Apr 21, 1977
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(Studio) Carter request for tax on big cars and rebates for small cars noted. Ex. cited, using Honda Civic and Ford LTD. 1 reporter speaks with Lincoln-Mercury dealer in Chicago; anchor asks with regard to dealer reaction.
REPORTER: John Chancellor

(Chicago, Illinois) Dealer's reaction is that, without knowing of cong. action, people may not do anything; dealer also agrees with Ford Motors and General Motors Corporation spokesperson, who've expressed concern that proposal may hurt car sales, lead to unemployment and damage economy [Dealer Fred LITZINGER - says there's no need for taxes and rebates, as auto. companies already required by law to increase fuel efficiency to 27 m.p.g. minimum by 1985.] Reporter asks about Henry Ford II's reaction to proposal. [LITZINGER - says Ford Motors is already investing much money into fuel efficiency research.]
REPORTER: Mike Jackson

(Studio) Anchor asks if dealer believes people will pay tax in order to get big cars.
REPORTER: David Brinkley

(Chicago, Illinois) [LITZINGER - says certain % have money and don't care about cost, but those who buy on time are 1's who'll be affected.]
REPORTER: Mike Jackson

(Studio) Possible detrimental economic effects of plan noted.
REPORTER: David Brinkley

(DC) OMB director Bert Lance says there'll be temporary adverse effect on econ.; reporter notes "temporary" and "adverse" are key words and cites reason.
REPORTER: Irving R. Levine

(Studio) Anchor notes Lance also said costs through 1985 would be relatively minor.
REPORTER: John Chancellor

(DC) Reporter agrees; notes major cost would be for oil for emergency storage program.
REPORTER: Irving R. Levine

(Studio) Reports to come with regard to effect on oil and natural gas industry
REPORTER: John Chancellor

Reporter(s):
Brinkley, David;
Chancellor, John;
Jackson, Mike;
Levine, Irving R.
Duration:
00:05:00

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