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Special Segment (Taxes: Making More, Keeping Less) #516602

NBC Evening News for Tuesday, Apr 07, 1981
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(Studio) Report introduced
REPORTER: John Chancellor

(DC) "Bracket creep," relationship between higher taxes and less take-home pay, examined; cases of Mike Bauer, Philip Kromsky and Norm Schuman cited as exs. [Treasury Secretary Don. REGAN - notes insidiousness of bracket creep.] Bauer's situation outlined on screen. [BAUER - cites figure disparity.] Bauer family's situation discussed. [Carol and Mike Bauer - discuss family's financial binds.] Fin. situation of Philip and Gayle Kromsky outlined on screen, discussed. [Gayle KROMSKY - notes high prices and government's lack of response.] Accountant friend's help mentioned. [Philip KROMSKY - claims individuals have no control.] Mary and Norm Schuman's situation examined; details outlined on screen. [Mary SCHUMAN - questions value of her job in light of taxes.] Size of Schuman family and expenses mentioned. [Norm SCHUMAN - comments on futility of situation.] [Senator William ARMSTRONG - criticizes economy system.] Possibility that Congress will pass legislature affecting bracket creep considered.
REPORTER: Mike Jensen

Chancellor, John;
Jensen, Mike

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