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Economy `77 / Gasoline / Home Insulation / Autos #493247

NBC Evening News for Friday, Apr 22, 1977
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(Studio) Consumer prices to rise considerably in '77. Cost of living to rise 6.7%. OMB says gross national product to be below 5%. President Carter holds press conference re: energy plan. Republican standby plan does not include standby gasoline tax.
REPORTER: John Chancellor

(DC) Carter's gasoline tax considered. [CARTER - is dedicated to gasoline tax.] Tax refunds for high m.p.g. cars noted. Carter thinks rationing not necessary if Congress adopts energy program. Carter's frequent television appearances noted. [CARTER - admits danger of overexposure, but believes week unusual.] After conference [CARTER - elaborates on tax refunds to reporters] Inflationary aspect of plan and tax credits noted. Public anticipation of tax refund windfall to be positive tool in work with Congress
REPORTER: Bob Jamieson

(Studio) President might not sign economy stimulus bill if Congress wants big tax breaks for business Another tax break indicated for those insulating homes.
REPORTER: John Chancellor

(DC) Home insulation plan outlined; likewise tax refund. [MAN - likes plan.] [WOMAN - agrees.] [2nd MAN - is glad he has insulated.] Ind. doubtful that demand can be met. [Takoma Insulators, Incorporated Frank SCHNEIDER - fears insulation shortage.] More jobs, but also higher prices anticipated. Financed costs of insulating homes urged by Carter. Fears of faulty insulators noted. Federal Energy Administration warns home owners of these.
REPORTER: Carole Simpson

(Studio) Taxing of low m.p.g. cars noted.
REPORTER: John Chancellor

(DC) Car sales dip. Taxing of gas guzzlers, rebates on small cars blamed. No discounts on small cars bought before October Ford Motor Company spokesperson fears big car owners just won't buy. [Ford Motor Company Herbert MISCH - cites fears plan will cause unemployment and boost sales of imports.] Carter promises to hold down imports. Trouble in Congress predicted.
REPORTER: John Cochran

Reporter(s):
Chancellor, John;
Cochran, John;
Jamieson, Bob;
Simpson, Carole
Duration:
00:07:50

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