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Economy: Budget #554344

NBC Evening News for Saturday, Dec 26, 1987
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(Studio: Connie Chung) Report introduced.

(DC: Irving R. Levine) Deficit reduction plan signed by President Reagan and Congress featured; cartoon shown. [Pol. analyst Norman ORNSTEIN - discusses budget package] Role of income from tougher tax enforcement by IRS (Internal Revenue Service) detailed. [Ex-budget director James McINTYRE - doubts IRS (Internal Revenue Service) can collect more.] Provisions vs. reality of several tenets of bill providing for deficit cuts outlined on screen. [Econ. Barry BOSWORTH - says package not so predictable.] Entitlement cuts noted. [McINTYRE - says difficult to estimate entitlement income.] Sale of government assets noted. [ORNSTEIN - discusses assets' income.] Estimates of paper cuts in budget deficit versus reality reiterated.

Reporter(s):
Chung, Connie;
Levine, Irving R.
Duration:
00:02:50

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