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Economy / Social Security Taxes / Budget / Income / New Coin #498838

NBC Evening News for Wednesday, May 17, 1978
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(Studio) House Ways and Means Committee reversal on earlier vote that approved Social Security tax increase rollback reported; also noted is unlikelihood that issue will be considered again this year
REPORTER: John Chancellor

(DC) Background of 1st and 2nd votes on issue, in which chairperson Al Ullman's votes played important part, given. Ullman's pledge to bring up issue again this year if committee comes up with new solution and his doubts about this reported [ULLMAN - won't say matter is dead, but it's likely that this will be result.] [Representative Barber CONABLE - thinks it's bad fiscal policy to have high tax level.] Opposition to rollback by President Carter, House leaders and House Ways and Means Committee noted.
REPORTER: Chris Wallace

(Studio) Details given of congress budget passed today; deficit reported Personal income figs. for April and inflationary effect on spendable income stated. Treasury Department proposal to mint new one dollar coin and necessary approval by Congress in order to do it outlined. Feminists' demand that new coin carry picture of woman, perhaps Susan B. Anthony, noted.
REPORTER: David Brinkley

Brinkley, David;
Chancellor, John;
Wallace, Chris

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