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Economy / Inflation and Social Security Taxes #53698

ABC Evening News for Wednesday, Apr 05, 1978
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(Studio) Congress and White House concern over inflation and Social Security taxes noted.
REPORTER: Harry Reasoner

(Studio) Promises from White House and Congress to do something about high taxes and high inflation, despite disagreements over methods, reported President Carter's pledge to hold down prices and House Democrats' intention to roll back Social Security tax increases stated.
REPORTER: Frank Reynolds

(DC) Carter's meeting with group of Communications Workers of American (CWA) members at White House noted. [CARTER - states position on tax reduction for Americans Cites things that must be done to cut inflation.] Admin. plans to strengthen push for energy bill passage, veto of farm bill and introduce new inflation- fighting package detailed; administration opposition to congress move to roll back Social Security taxes noted.
REPORTER: Sam Donaldson

(DC) Public complaints about incrd. Social Security and House Democrat action to try to roll back increases passed last year detailed. Contrasts in last yr.'s taxes and this year's and future increases listed. [Representative Abner MIKVA - says heat is coming from all who pay Social Security taxes.] Ways and Means Committee chairperson Al Ullman's statements opposing move quoted. Budget Committee recommendation to cut Social Security taxes and limit size of President Carter's requested income tax cut noted.
REPORTER: Charles Gibson Artist: Freda Reiter

Reporter(s):
Donaldson, Sam;
Gibson, Charles;
Reasoner, Harry;
Reynolds, Frank
Duration:
00:04:00

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