NBC Evening News for Saturday, Jul 04, 1981
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(Studio) Congress debate on tax cuts for business noted.
REPORTER: Jessica Savitch
(DC) Competition between House Ways and Means committee chaired by Representative Dan Rostenkowski and Senator Fin. Committee chaired by Senator Robert Dole over who can give business the better tax break noted. [Treasury Secretary Don. REGAN - comments on implications of Congress unity on issue.] Proposed tax breaks of administration discussed; details graphed on screen. [President REAGAN - defs. proposal.] [Senator Lloyd BENTSEN - thinks private sector has been impeded.] Disagreement between Democrats and Republicans over tax breaks to companies losing money cited. [AFL-CIO spokesperson Arnold CANTOR - comments.] White House rationale for large tax cuts for business explained.
REPORTER: Irving R. Levine