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Tax Reform Proposals #534636

NBC Evening News for Monday, Nov 26, 1984
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(Studio) Report introduced
REPORTER: Tom Brokaw

(DC) Treasury Secretary Don. Regan's presentation of tax reform proposals to President Reagan noted; Treasury Department's recommendations outlined on screen, discussed. [Representative Pat WILLIAMS - anticipates big business opposing tax plan.] [Representative James JONES - doubts Congress will take on major reform of tax code if it doesn't lower deficits.]
REPORTER: Irving R. Levine

(Studio) Report introduced
REPORTER: Tom Brokaw

(NYC) Special interest groups forming major opposition to tax reform plan examined; Colt Inds.' case cited as example [Colt chairperson George STRICHMAN - thinks current system is working well.] Tax advantages to oil industry noted. [Mitchell Energy chairperson George MITCHELL - thinks reform would be disastrous to industry] Cities' opposition to reform explained. [New York City comptroller Harrison GOLDIN - notes anticipated impact on municipal bonds.] [Realtor Norah SCHAEFER - notes northerners buy condominiums in South to benefit from tax exemption.] Equitability of flat tax concept versus political unlikelihood considered.
REPORTER: Mike Jensen

Reporter(s):
Brokaw, Tom;
Jensen, Mike;
Levine, Irving R.
Duration:
00:04:20

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