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Economy: Reagan #553306

NBC Evening News for Saturday, Oct 24, 1987
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(Studio: Connie Chung) President Reagan's urging of consumer spending and maintenance of confidence in economy reported Report introduced.

(DC: Robin Lloyd) Issues of budget deficit and taxes noted to be discussed between Reagan and Congress leaders on Monday. [Yesterday, REAGAN - calls for spending freeze at last year's levels to reduce deficit.] Senator Robert Byrd's reminder that President agreed to discuss Congress budget plan calling for new taxes noted. [BYRD - says he's glad Reagan has not rejected that proposal out of hand.] Reagan's claim, in weekly radio address, that economy sound reported [Voice of REAGAN - urges Congress to follow John F. Kennedy's lead that lower taxes mean higher growth.] [Representative William GRAY - cites Reagan's refusal to discuss compromise prior to "Black Monday" on Wall Street] Admin. aides' differing views on taxes noted exemplified by views of OMB director James Miller and White House chief of staff Howard Baker and Treasury Secretary James Baker. Reagan's call for spending cuts prior to his listening to Congress's views on taxes noted.

Chung, Connie;
Lloyd, Robin

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