NBC Evening News for Saturday, May 16, 1981
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(Studio) White House reported talking of compromise on tax cut plan. David Stockman quoted with regard to "multi"-year cut.
REPORTER: Chris Wallace
(DC) Reasons for compromise set forth. [Don. REGAN - on May 11, says admin. has momentum; no ground need be given.] Audience of financial analysts said skeptical of Regan remarks. Stk. market weakness, high interest rates and sagging bond market cited as reasons for compromise mind-set. David Stockman quoted. [Fin. Analyst Erwin WILL - says investors skeptical; fear Congress will so water program as to ruin it.] [Fin. Analyst John McSTAY - cites business doubts.] [Fin. Analyst Tony COPE - cites general skepticism.] Fears tax cut will fire inflation noted. [Senator Robert DOLE - raises questions.] Reporter raises further questions.
REPORTER: Irving R. Levine
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