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Social Security Tax Rollback Movement #498633

NBC Evening News for Wednesday, Apr 05, 1978
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(Studio) House Democrat caucus' action in voting to roll back Social Security taxes noted.
REPORTER: John Chancellor

(DC) Representatives' action reported as result of constituent complaints heard during Easter break. Details of caucus instructions to Budget Committee re: legislature to be drafted given. [Representative Abner MIKVA - notes that more and more people are saying regressive tax isn't way to finance Social Security program.] [Representative James BURKE - thinks it's essential for Congress to act now.] Republicans' statements that higher bracket Americans will have to pay more in income taxes if Democrats' plan goes through noted. [Representative Barber CONABLE - thinks most people would prefer to get lesser cut in income taxes than have escalating Social Security taxes.] Uncertainty with regard to outcome of situation, especially with congress leaders and White House in opposition to plan, cited.
REPORTER: Irving R. Levine

(DC) Report on administration stand in opposition to rollback. Statements by Treasury Secretary Blumenthal and Press Secretary Jody Powell cited and President Carter's views stated.
REPORTER: Bob Jamieson

(Studio) Report on political nature of congress efforts to cut Social Security taxes.
REPORTER: David Brinkley

(DC) 2 groups that brought up reform issue are pols. facing tough election campaigns in fall and liberals calling for overall reform of Social Security system. [Senator Gaylord NELSON - recalls comments to Blumenthal with regard to belief that administration will lose.] [Senator Alan CRANSTON - thinks there'll be move in both Senator and House to roll back taxes, but hasn't counted it yet. Explains why law was passed last year] Cranston's comments that elderly Americans have no need to fear not getting Social Security reported.
REPORTER: Tom Pettit

(Studio) Speculation that Democrat action could be capitulation to well-to-do from whom Representatives heard while in recess and NBC polls showing tax increase not unpopular with most people reported.
REPORTER: John Chancellor

Reporter(s):
Brinkley, David;
Chancellor, John;
Jamieson, Bob;
Levine, Irving R.;
Pettit, Tom
Duration:
00:05:20

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