NBC Evening News for Saturday, Feb 18, 1989
View other clips in this broadcast →
Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws. For any such use, please visit NBC NEWS Archives XPRESS.
(Studio: Connie Chung) Report introduced.
(DC: Irving R. Levine) Theory that by lowering taxes on capital gains, Treasury Department takes in more revenue reviewed; details given of debate generated by proposal. [Feb. 9, 1989, President BUSH - says this will increase revenue and new jobs.] [Representative Dan ROSTENKOWSKI - says stock brokers should not get bigger break.] [Ex-OMB director James MILLER - says it will create economy growth.] Capital gains tax explained; chart shown. Impact of tax reform legislature in 1986 on taxes recalled. [Ex-dir. of Congress Budget Ofc. Rudolph PENNER - says change would unravel tax reform.] Budget negotiations between OMB director Richard Darman and Congress leaders noted; details given of contradictory evidence from Treasury Department and econs. [Econs. Barry BOSWORTH, MILLER - differ on capital gains taxes.]
Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.
Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:
If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.