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Tax Reform #543868

NBC Evening News for Wednesday, May 29, 1985
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(Studio) Report introduced
REPORTER: Tom Brokaw

(DC) Growing reaction to President Reagan's tax reform plan featured. [REAGAN - claims tax simplification is inevitable.] Details of plan outlined on screen, discussed. [REAGAN - denies middle class pays many taxes.] [Representative Richard GEPHARDT - cites political need for support from middle class for tax reform.] Plan's implications for corporate taxes cited. [Lobbyist Charls WALKER - thinks hardline approach to business will harm econ.]
REPORTER: Chris Wallace

(Studio) Report introduced
REPORTER: Tom Brokaw

(NYC) Reactions to plan of New York and other states with high local and state taxes examined; demonstration of Senator Alfonse D'Amato and Representative Mario Biaggi cited as example [BIAGGI - considers Reagan proposal discriminatory and cruel.] Present system and President's recommendations explained. [Tuesday, REAGAN - defs. eliminating state and local deductions.] [Governor Mario CUOMO - considers Reagan's reasoning outrageous.] Long-range implications considered.
REPORTER: Mike Jensen

Brokaw, Tom;
Jensen, Mike;
Wallace, Chris

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