NBC Evening News for Tuesday, May 03, 1977
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(Studio) Congress completes public jobs bill, 1st in economy stimulus recommended by Carter. At same time, energy chief James Schlesinger tells Congress that energy plan may have some bad effects on economy at beginning, but not much in long run. Schlesinger kicks off formal beginning of congress action on energy in Senate Energy Committee appearance.
REPORTER: John Chancellor
(DC) Schlesinger asks package be taken as whole, not separately with parts raising prices and taxes being isolated. Committee proceeds to isolate areas. [Clifford HANSEN - notes E. states have mass transit, whereas, states like Wyoming don't. Asks if tax would fall heavily on sparsely populated states.] [SCHLESINGER - says this is correct.] Farm vehicles will continue to be exempted from tax. [SCHLESINGER - says tax can be avoided if people accept challenge.] Econ. might slow down some, but Schlesinger asks Congress to look to future. [SCHLESINGER - says there'll be disaster if measures not taken now.]
REPORTER: John Cochran
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