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Economy / Factory Production, Bus. Inventories, Tax Reform #534452

NBC Evening News for Thursday, Nov 15, 1984
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(Studio) Latest figs. on factory production and business inventories noted indicating slowdown in economy; details given. President Reagan's continued opposition to tax incr. as means of lowering federal deficit mentioned.
REPORTER: Tom Brokaw

(DC) campaign. by business leaders against President Reagan's push for tax simplification examined; role of J. Peter Grace noted. [W.R. Grace and Company spokesperson, GRACE - believes all tax simplifications result in incrd. taxes.] [Marriott Corp. spokesperson J.W. MARRIOTT, Junior - agrees.] Taxes lost by United States Treasury last year to business tax breaks and projected losses this fiscal year outlined on screen. [Representative Pat WILLIAMS - notes W.R. Grace and Company not only paid no taxes last year, but recd. taxes back from taxpayers.] Profits realized by several corps. between 1981-1983 which paid no taxes for same period listed on screen. [GRACE - opposes move to tax the rich.] Percentages of taxes paid by indivs. last year vs. that paid by corps. noted.
REPORTER: Irving R. Levine

Reporter(s):
Brokaw, Tom;
Levine, Irving R.
Duration:
00:02:20

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