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Budget Plan #517206

NBC Evening News for Friday, May 08, 1981
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(Studio) House approval of President Reagan's budget plan yesterday recalled; possible Senator victory mentioned. Senator Ted Stevens noted warning about President's tax cut plan.
REPORTER: John Chancellor

(DC) Reagan noted planning tax cut strategy with Representative Robert Michel; details given. [REAGAN - presents Michel will jellybeans.] White House letter to Senator Robert Byrd and deputy press secretary Larry Speakes quoted on screen with regard to Social Security payments and budget cuts; President said recing. recommendations next week for cutting costs of program.
REPORTER: John Palmer

(Studio) Budget approved by House yesterday outlined.
REPORTER: John Chancellor

(DC) Dairy price support program approved by Senator Agriculture Committee and energy and soc. service programs approved by House public assistance subcommittee reported; similar budget plans and later revisions of past admins. recalled. [OMB dir. David STOCKMAN - notes impact of interest rates.] Basis of cong. approval of President's programs in the fall mentioned.
REPORTER: Irving R. Levine

Chancellor, John;
Levine, Irving R.;
Palmer, John

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